Insolvency & Restructuring

December 2020

The inclusion of rights of first refusal in the articles of association of a limited liability company that are exercisable in the event of insolvency

The shareholders of a limited liability company frequently ask themselves what will become of the share held by a fellow shareholder should he suddenly find he is insolvent: can an unknown third party be prevented from acquiring the shareholding and suddenly becoming a new co-shareholder?