Friday, 12 July 2013
Legal Corner: Investor Veto: Right without a Remedy?
Posted on 00:47 by Unknown
Veto or affirmative rights are designed to prohibit an investee company from acting on matters which are meant to protect the value of an investor's investment without the approval of the investor. While such a right is intrinsically expected to provide certain level of control to the investor, the Delhi High Court in its recent judgment in World Phone India Ltd. v. WPI Group Inc. appears to
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