IBA Annual Conference Seoul 2019
22 Sep - 27 Sep 2019
Room 317 AB, Floor 3
Session information
Shareholder agreements: exit/termination strategies and options
Wednesday 25 September (1430 - 1545)
Room 317 AB, Floor 3
Committee(s)
Closely Held Companies Committee
(Lead)
Insolvency Section
Description
This session will examine the effectiveness of typical exit mechanisms that are normally found in shareholders’ agreements as well as address rights of first offer, rights of first refusal, drag alongs and tag alongs. The panel and audience will review the pros and cons of shot gun provisions and of other ways to provide creative solutions to 50%-50% holdings in private entities both at the director and shareholder levels. The session will draw from the real-life practical experience of our panelists and the audience to assess what works and what, in practice, becomes very difficult to implement.
Session / Workshop Chair(s)
| Diane Bertrand | Agropur Cooperative, Longueuil, Québec, Canada; Special Projects Officer, Closely Held Companies Committee |
| Luciana Tornovsky | Demarest Advogados, São Paulo, Brazil; Special Projects Officer, Closely Held Companies Committee |
Speakers
| Vincent Bettonville | AKD , Amsterdam, Netherlands |
| Machiuanna Chu | Deacons, Central, Hong Kong SAR |
| Mike Huang | Paul Hastings LLP, New York, New York, USA |
| Jae Myung Kim | Kim & Chang, Seoul, South Korea |
| Marcelo Perlman | Perlman Mediation and Legal Strategies, São Paulo, Brazil; Co-Chair, Creditors' Rights Subcommittee |