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Estonia tries to back up “golden share” regime for state and municipalities

27.09.2006

Last week the Parliament discussed a draft law granting the state and municipalities a blocking vote in case they have less than a half of the total votes. Such a structure could be introduced by a privatization agreement to be included in the articles of a company and only in case the respective company is a monopoly or has a special status. The blocking vote could be exercised only in specific cases, such as to avoid violation of laws or harm to business activities of the company

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