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Austria: Corporate Governance in the Context of Corporate Restructurings

September 2012 - Corporate & Commercial. Legal Developments by Schönherr.

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Who calls the tune in corporate restructurings – managers or shareholders?

Overcoming so-called “agency problems” occupies centre stage in corporate law. Generally speaking, whenever an agent acts on behalf of a principal, the problem arises that the agent does not necessarily share the principal’s interests or act accordingly. 

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