The golden share as state control instrument in privatized companies
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Data de Publicação: | 2010 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Sequência (Florianópolis. Online) |
Texto Completo: | https://periodicos.ufsc.br/index.php/sequencia/article/view/2177-7055.2010v31n60p75 |
Resumo: | This paper is concerned with the mechanism of golden share, a British invention carried out in order to serve as a state’s controlinstrument in privatized enterprises since the 1980’s, emulated by the other European countries with varied denomination and similar purpose. It presents European Court of Justice’s case law on golden share that has prompted it to annul many Member State’s rules that infringed, through such restrictions, the principles of free movement of capital and freedom of establishment. Finally, it examines the adjustment of the mechanism to the Brazilian legislation, under the title of "ação de classe especial" (action of special class), its disposal in the articles of association of specific privatized enterprises and the prominence that such instruments have had in the latest years, causing the fear of renationalization by investors. |
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The golden share as state control instrument in privatized companiesLa golden share como instrumento de control estatal en empresas privatizadas DOI:10.5007/2177-7055.2010v31n60p75This paper is concerned with the mechanism of golden share, a British invention carried out in order to serve as a state’s controlinstrument in privatized enterprises since the 1980’s, emulated by the other European countries with varied denomination and similar purpose. It presents European Court of Justice’s case law on golden share that has prompted it to annul many Member State’s rules that infringed, through such restrictions, the principles of free movement of capital and freedom of establishment. Finally, it examines the adjustment of the mechanism to the Brazilian legislation, under the title of "ação de classe especial" (action of special class), its disposal in the articles of association of specific privatized enterprises and the prominence that such instruments have had in the latest years, causing the fear of renationalization by investors.Este artículo expone el mecanismo de la golden share, invento británico llevado a cabo con la función de servir de instrumento de control estatal en las empresas privatizadas a partir de la década de ochenta del siglo pasado, emulado por los demás países europeos con diversa denominación y similar finalidad. Presenta la jurisprudencia del Tribunal de Justicia de la Unión Europea en la materia, que le ha llevadoa anular varios preceptos legales de Estados miembros que vulneraban, a través de tales restricciones, el principio de libre circulación de capitales y de libertad de establecimiento. Analiza, por fin, la adaptación del mecanismo a la legislación brasileña bajo el título de ação de classe especial, su previsión en los estatutos de concretas empresas privatizadas y el reciente protagonismo que tales instrumentos han tenido en los últimos años, ocasionando el temor a la reestatización por parte de los inversores.Universidade Federal de Santa Catarina2010-11-18info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.ufsc.br/index.php/sequencia/article/view/2177-7055.2010v31n60p7510.5007/2177-7055.2010v31n60p75Seqüência - Legal and Political Studies; V. 31 n. 60 (2010); 75-108Revista Seqüência: Estudos Jurídicos e Políticos; V. 31 n. 60 (2010); 75-108Seqüência Estudos Jurídicos e Políticos; V. 31 n. 60 (2010); 75-1082177-70550101-9562reponame:Sequência (Florianópolis. Online)instname:Universidade Federal de Santa Catarina (UFSC)instacron:UFSCporhttps://periodicos.ufsc.br/index.php/sequencia/article/view/2177-7055.2010v31n60p75/15067Bezerra, Helga Maria Saboiainfo:eu-repo/semantics/openAccess2022-11-21T14:16:03Zoai:periodicos.ufsc.br:article/16494Revistahttps://periodicos.ufsc.br/index.php/sequenciaPUBhttps://periodicos.ufsc.br/index.php/sequencia/oai||sequencia@funjab.ufsc.br2177-70550101-9562opendoar:2022-11-21T11:34:43.721339Sequência (Florianópolis. Online) - Universidade Federal de Santa Catarina (UFSC)true |
dc.title.none.fl_str_mv |
The golden share as state control instrument in privatized companies La golden share como instrumento de control estatal en empresas privatizadas DOI:10.5007/2177-7055.2010v31n60p75 |
title |
The golden share as state control instrument in privatized companies |
spellingShingle |
The golden share as state control instrument in privatized companies Bezerra, Helga Maria Saboia |
title_short |
The golden share as state control instrument in privatized companies |
title_full |
The golden share as state control instrument in privatized companies |
title_fullStr |
The golden share as state control instrument in privatized companies |
title_full_unstemmed |
The golden share as state control instrument in privatized companies |
title_sort |
The golden share as state control instrument in privatized companies |
author |
Bezerra, Helga Maria Saboia |
author_facet |
Bezerra, Helga Maria Saboia |
author_role |
author |
dc.contributor.author.fl_str_mv |
Bezerra, Helga Maria Saboia |
description |
This paper is concerned with the mechanism of golden share, a British invention carried out in order to serve as a state’s controlinstrument in privatized enterprises since the 1980’s, emulated by the other European countries with varied denomination and similar purpose. It presents European Court of Justice’s case law on golden share that has prompted it to annul many Member State’s rules that infringed, through such restrictions, the principles of free movement of capital and freedom of establishment. Finally, it examines the adjustment of the mechanism to the Brazilian legislation, under the title of "ação de classe especial" (action of special class), its disposal in the articles of association of specific privatized enterprises and the prominence that such instruments have had in the latest years, causing the fear of renationalization by investors. |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010-11-18 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.ufsc.br/index.php/sequencia/article/view/2177-7055.2010v31n60p75 10.5007/2177-7055.2010v31n60p75 |
url |
https://periodicos.ufsc.br/index.php/sequencia/article/view/2177-7055.2010v31n60p75 |
identifier_str_mv |
10.5007/2177-7055.2010v31n60p75 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://periodicos.ufsc.br/index.php/sequencia/article/view/2177-7055.2010v31n60p75/15067 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal de Santa Catarina |
publisher.none.fl_str_mv |
Universidade Federal de Santa Catarina |
dc.source.none.fl_str_mv |
Seqüência - Legal and Political Studies; V. 31 n. 60 (2010); 75-108 Revista Seqüência: Estudos Jurídicos e Políticos; V. 31 n. 60 (2010); 75-108 Seqüência Estudos Jurídicos e Políticos; V. 31 n. 60 (2010); 75-108 2177-7055 0101-9562 reponame:Sequência (Florianópolis. Online) instname:Universidade Federal de Santa Catarina (UFSC) instacron:UFSC |
instname_str |
Universidade Federal de Santa Catarina (UFSC) |
instacron_str |
UFSC |
institution |
UFSC |
reponame_str |
Sequência (Florianópolis. Online) |
collection |
Sequência (Florianópolis. Online) |
repository.name.fl_str_mv |
Sequência (Florianópolis. Online) - Universidade Federal de Santa Catarina (UFSC) |
repository.mail.fl_str_mv |
||sequencia@funjab.ufsc.br |
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