The golden share as state control instrument in privatized companies

Detalhes bibliográficos
Autor(a) principal: Bezerra, Helga Maria Saboia
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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spelling 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
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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
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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
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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
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