December 20, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours
There is an inherent tension between majority-stake owners of a company and minority-stake owners. The majority-stake owners often want the investment, time and talent of the minority-stake owners, but unfettered control of the company and no obligation to make distributions. The minority-stake owner has substantial risk in not having control and often wants to define rights to participate in management, have access to financial and operational information, receive regular cash distributions if the company is profitable – and wants to right to cash out at a fair value. Balancing these interests is essential to a stable and successful company. This program will provide you with a real-world guide to structuring minority-stake investments in companies, drafting protective provisions in governing and transactional documents, and dispute resolution between majority and minority-stake owners before it takes a toll on the company itself.
Paul Kaplun, Venable, LLP, Washington, D.C.