Legislative Shortfall of Investor's Protection in the Process of Involuntary "Typological Death" of Accountable Enterprise from the Exchange Stock
Keywords:
accountable corporation, typological conversion, (in)direct voluntary delisting, compulsory deregistration, investor’s economic interest, protection of property/financial rights.Abstract
Scholarly article aims to give an objective coverage of involuntary deregistration of accountable corporations from the stock exchange, causal study of (in)voluntary delisting according to the Georgian regulation, grouping the types of deregistration. Simultaneously, stock price mitigation and small investor’s economic interest protection along with the managerial liability are also considered. Due to the unsustainable level of Georgian stock market development, article partially happens to be descriptive; however, with the aim of comparison, foreign regulations in conjunction with the judicial practice analysis are also represented.
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