Original scientific paper

https://doi.org/10.22598/iele.2025.12.1.2

PROCEDURE FOR THE SHAREHOLDER’S EXCLUSION FROM A LIMITED LIABILITY COMPANY

Tomislav Jakšić orcid.org/0000-0002-8798-2208 ; Faculty of Law, University of Zagreb, Zagreb, Croatia *
Petar Ceronja ; Faculty of Law, University of Zagreb, Zagreb, Croatia

* Corresponding author.

Abstract

The Croatian Companies Act provides that a shareholder can be excluded from a limited liability company under the rules specified in its articles of association or in any case when there is an important reason for their exclusion. Among others, one of the provisions provides that the shareholder’s exclusion depends on the payment of market value compensation within the time limit specified in the court’s judgment. One cannot but wonder whether this moment is the best moment for the exclusion of the troublesome shareholder. Especially in a situation where the shareholder’s continued membership in the company, until he is paid the compensation, can have severe consequences for the company’s well-being. The paper will analyze this, and other problematic aspects on the procedure for the shareholder’s exclusion from the company.

Keywords

compensation; limited liability company; shareholder’s exclusion; compensation; withdrawal of shares

Hrčak ID:

332613

URI

https://hrcak.srce.hr/332613

Publication date:

24.6.2025.

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