Keeping shares duty in the acting in concert agreement of the securities market law
Keeping shares duty in the acting in concert agreement of the securities market law
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In the shareholder’s agreement defi ned in art. 98 of the Securities Market Law, there are potentially confl icting interests: on the one hand, its members have committed to act jointly in the formation of the company’s will; on the other, each member may exit the company transferring his share to a third party. For lack of an express clause, this problem may be resolved integrating in the contract a keeping shares duty as a conduct secondary duty.