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The appraisal remedy and the determination of fair value by the courts

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dc.contributor.advisor Loubser, Anneli Hillis, Kevin Ross 2014-04-15T12:30:08Z 2014-04-15T12:30:08Z 2014-02 2014-04-15
dc.identifier.citation Hillis, Kevin Ross (2014) The appraisal remedy and the determination of fair value by the courts, University of South Africa, Pretoria, <> en
dc.description.abstract This paper examines the different share valuation methods and principles likely to be used by a court in determining the fair value of dissenting shareholders’ shares in appraisal proceedings in terms of section 164(14) of the Companies Act 2008. It is submitted that the valuation principles and methods used by the courts will affect the operation of the triggering actions contemplated in subsections 164(2)(a) - (b). It is proposed that section 164 court appraisals are likely to be guided by the valuation methods and principles developed in section 252 and section 440K court appraisals under the Companies Act 1973, as well as by the decisions of the courts in the state of Delaware relating to share valuations under the appraisal remedy. It is further proposed that the purpose ascribed to the appraisal remedy will influence the application of these valuation methods and principles. en
dc.format.extent 1 online resource (58 leaves) en
dc.language.iso en en
dc.subject Section 164 en
dc.subject Companies Act 2008 en
dc.subject Appraisal remedy en
dc.subject Purpose of appraisal remedy en
dc.subject Court appraisals en
dc.subject Judicial appraisals en
dc.subject Court valuations en
dc.subject Share valuation methods en
dc.subject Sammel v President Brand Gold Mining Co Limited en
dc.subject Companies Act 1973 en
dc.subject Delaware corporation law en
dc.subject Weinberger v UOP en
dc.subject Section 252 en
dc.subject Section 440K en
dc.subject.ddc 346.666068
dc.subject.lcsh Minority stockholders -- Legal status, laws, etc. -- South Africa en
dc.subject.lcsh Stock repurchasing -- Law and legislation -- South Africa en
dc.subject.lcsh Class actions (Civil procedure) -- South Africa en
dc.subject.lcsh Corporations -- Valuation -- Law and legislation -- South Africa en
dc.subject.lcsh Remedies (Law) -- South Africa en
dc.title The appraisal remedy and the determination of fair value by the courts en
dc.type Dissertation en
dc.description.department Mercantile Law en LL. M. (Corporate law)

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