Expulsion of a Shareholder from a Limited Liability Company on Substantial Grounds

Burduli Irakli () and Chitashvili Natia ()
Additional contact information
Burduli Irakli: Faculty of Law, Ivane Javakhishvili Tbilisi State University, Chavchavadze Ave. 3, Tbilisi 0179, Georgia
Chitashvili Natia: Faculty of Law, Ivane Javakhishvili Tbilisi State University, Chavchavadze Ave. 3, Tbilisi 0179, Georgia

TalTech Journal of European Studies, 2020, vol. 10, issue 2, 7-27

Abstract: The present article is devoted to the research on the admissibility of expulsion of a partner from a limited liability company (LLC) based on the ground that is not envisaged in the charter, and on respective dogmatic normative grounds in Georgian law. The importance of research in legal studies and judge-made law1 is revealed in the fact that the situation in which the action of a partner is directed against the interests of the company and becomes an obstacle for the achievement of a common goal, and it becomes impossible to retain the partner remains outside of Georgian normative reality. The aim of the research requires an analysis of German law, assimilated in the context of the Georgian solution, as well as the description of civil legal grounds for exclusion and prerequisites for admissibility, a study of the legal nature of the society and dogmatic support to the application of the civil law regime for the termination of long-term contractual relations. The suggested Georgian solution in this matter shares the spirit of German law policy; however, it is outstanding in its individuality.

Keywords: charter; expulsion of partner; partner acting in bad faith; substantial basis for expulsion; termination of long-term legal relations; the aim of company (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/bjes-2020-0012 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjeust:v:10:y:2020:i:2:p:7-27:n:2

DOI: 10.1515/bjes-2020-0012

Access Statistics for this article

TalTech Journal of European Studies is currently edited by Tanel Kerikmäe and Matti Rudanko

More articles in TalTech Journal of European Studies from Sciendo
Bibliographic data for series maintained by Peter Golla ().