<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The present article is devoted to the research on the admissibility of expulsion of a partner from a limited liability company (LLC) based on the ground that is not envisaged in the charter, and on respective dogmatic normative grounds in Georgian law. The importance of research in legal studies and judge-made law<sup>1</sup> is revealed in the fact that the situation in which the action of a partner is directed against the interests of the company and becomes an obstacle for the achievement of a common goal, and it becomes impossible to retain the partner remains outside of Georgian normative reality. The aim of the research requires an analysis of German law, assimilated in the context of the Georgian solution, as well as the description of civil legal grounds for exclusion and prerequisites for admissibility, a study of the legal nature of the society and dogmatic support to the application of the civil law regime for the termination of long-term contractual relations. The suggested Georgian solution in this matter shares the spirit of German law policy; however, it is outstanding in its individuality.</p>
</abstract>

The present article is devoted to the research on the admissibility of expulsion of a partner from a limited liability company (LLC) based on the ground that is not envisaged in the charter, and on respective dogmatic normative grounds in Georgian law. The importance of research in legal studies and judge-made law1 is revealed in the fact that the situation in which the action of a partner is directed against the interests of the company and becomes an obstacle for the achievement of a common goal, and it becomes impossible to retain the partner remains outside of Georgian normative reality. The aim of the research requires an analysis of German law, assimilated in the context of the Georgian solution, as well as the description of civil legal grounds for exclusion and prerequisites for admissibility, a study of the legal nature of the society and dogmatic support to the application of the civil law regime for the termination of long-term contractual relations. The suggested Georgian solution in this matter shares the spirit of German law policy; however, it is outstanding in its individuality.

Expulsion of a Shareholder from a Limited Liability Company on Substantial Grounds

Ivane Javakhishvili Tbilisi State University

TalTech Journal of European Studies

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The present article is devoted to the research on the admissibility of expulsion of a partner from a limited liability company (LLC) based on the ground that...

Expulsion of a Shareholder from a Limited Liability Company on Substantial Grounds

Pubblicato online: 13 set 2020

Pagine: 7 - 27

DOI: https://doi.org/10.1515/bjes-2020-0012

Parole chiave
charter, expulsion of partner, partner acting in bad faith, substantial basis for expulsion, termination of long-term legal relations, the aim of company

© 2020 Irakli Burduli et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Expulsion of a Shareholder from a Limited Liability Company on Substantial Grounds

Pubblicato online: 13 set 2020

Pagine: 7 - 27

DOI: https://doi.org/10.1515/bjes-2020-0012

Parole chiavecharter, expulsion of partner, partner acting in bad faith, substantial basis for expulsion, termination of long-term legal relations, the aim of company

© 2020 Irakli Burduli et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Parole chiave
charter, expulsion of partner, partner acting in bad faith, substantial basis for expulsion, termination of long-term legal relations, the aim of company