Capital Markets, Romania updates

 
Exit strategies: registering a share transfer when target shares are encumbered by third parties
  • Romania
  • 02 April 2019

The stock market's flexibility is its greatest selling point for publicly traded companies, as it allows a fast flow of capital while still enabling majority shareholders to implement fundamental corporate changes should they wish to exit the market. However, even with all of this flexibility, shares may not always be free of other encumbrances, and the sale of such shares may be opposed by interested parties or even refused to be recognised as a genuine sale by the Trade Registry.

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