{"id":55750,"date":"2015-01-03T08:36:25","date_gmt":"2015-01-03T07:36:25","guid":{"rendered":"https:\/\/www.nzp.de\/?p=55750"},"modified":"2026-08-13T08:39:04","modified_gmt":"2026-08-13T06:39:04","slug":"russian-roulette-clause-in-the-articles-of-association-held-permissible","status":"publish","type":"post","link":"https:\/\/www.nzp.de\/hun\/az-alapszabalyban-szereplo-orosz-rulett-zaradekot-megengedhetonek-iteltek\/","title":{"rendered":"A t\u00e1rsas\u00e1gi szerz\u0151d\u00e9sben szerepl\u0151 \u201dorosz rulett-z\u00e1rad\u00e9kot\u201d megengedhet\u0151nek \u00edt\u00e9lt\u00e9k"},"content":{"rendered":"<p>A gyakorlatban az 50-50-es r\u00e9szesed\u00e9si ar\u00e1ny gyakran olyan probl\u00e9m\u00e1t vet fel, hogy a r\u00e9szv\u00e9nyesek d\u00f6nt\u00e9seit k\u00f6lcs\u00f6n\u00f6s patthelyzet miatt egym\u00e1s blokkolja.<\/p>\n<p>A t\u00e1rsas\u00e1gi szerz\u0151d\u00e9sben szerepl\u0151 \u00fagynevezett \u201corosz rulett-z\u00e1rad\u00e9k\u201d ilyen r\u00e9szv\u00e9nyesi patthelyzeteket old meg azzal, hogy mindk\u00e9t r\u00e9szv\u00e9nyesnek jogot biztos\u00edt arra, hogy teljes r\u00e9szv\u00e9ny\u00e1llom\u00e1ny\u00e1t a m\u00e1sik r\u00e9szv\u00e9nyesnek meghat\u00e1rozott \u00e1ron felaj\u00e1nlja v\u00e1s\u00e1rl\u00e1sra. Ha az aj\u00e1nlat c\u00edmzettje nem fogadja el az aj\u00e1nlatot, vagy nem teszi meg azt a megfelel\u0151 hat\u00e1rid\u0151n bel\u00fcl, akkor \u0151 is k\u00f6teles halad\u00e9ktalanul eladni \u00e9s \u00e1truh\u00e1zni az \u00f6sszes saj\u00e1t r\u00e9szv\u00e9ny\u00e9t az aj\u00e1nlattev\u0151nek ugyanazon a v\u00e9tel\u00e1ron.<\/p>\n<p>A n\u00fcrnbergi Fels\u0151fok\u00fa Ker\u00fcleti B\u00edr\u00f3s\u00e1g 2013. december 20-i \u2013 12 U 49\/13 \u2013 sz\u00e1m\u00fa legut\u00f3bbi \u00edt\u00e9let\u00e9ben \u00e9rv\u00e9nyesnek \u00edt\u00e9lte ezt a rendelkez\u00e9st, amelyet a jogi szakirodalomban \u201corosz rulett-z\u00e1rad\u00e9knak\u201d neveznek. Az \u00fcgy egy r\u00e9szv\u00e9nyt\u00e1rsas\u00e1gra vonatkozott, amelynek r\u00e9szv\u00e9nyeit k\u00e9t r\u00e9szv\u00e9nyes egyenl\u0151 ar\u00e1nyban birtokolta. Mivel a GmbH-ban a r\u00e9szv\u00e9nyesek \u00e9rdekei \u00f6sszehasonl\u00edthat\u00f3k, ez az \u00edt\u00e9lkez\u00e9si gyakorlat k\u00f6zvetlen\u00fcl alkalmazhat\u00f3 a GmbH k\u00e9t r\u00e9szv\u00e9nyese k\u00f6z\u00f6tti jogviszonyra is.<\/p>\n<p>Az \u00e1ltal\u00e1nosan fenn\u00e1ll\u00f3 vissza\u00e9l\u00e9svesz\u00e9ly \u00f6nmag\u00e1ban nem indokolja azt a meg\u00e1llap\u00edt\u00e1st, hogy a z\u00e1rad\u00e9k ellent\u00e9tes a k\u00f6zrenddel. Ha egy szerz\u0151d\u0151 f\u00e9l nem k\u00edv\u00e1nja mag\u00e1t ennek a kock\u00e1zatnak kitenni, akkor nem szabad beleegyeznie az \u201eorosz rulett\u201d mechanizmusba. Mindenesetre egy ilyen z\u00e1rad\u00e9k alkalmaz\u00e1sa objekt\u00edven indokolt annak \u00e9rdek\u00e9ben, hogy megold\u00e1st ny\u00fajtson a t\u00e1rsas\u00e1g \u00f6nblok\u00e1dj\u00e1ra, amelyet k\u00e9t, egyenl\u0151 r\u00e9szesed\u00e9ssel rendelkez\u0151 r\u00e9szv\u00e9nyes okoz.<\/p>\n<p>A b\u00edr\u00f3s\u00e1g tov\u00e1bb\u00e1 megjegyezte, hogy a b\u00edr\u00f3s\u00e1gi beavatkoz\u00e1s legfeljebb abban az esetben indokolt, ha a k\u00e9t r\u00e9szv\u00e9nyes k\u00f6z\u00fcl az egyik eleve k\u00e9ptelen volt a v\u00e9teli aj\u00e1nlat finansz\u00edroz\u00e1s\u00e1ra, \u00e9s ez\u00e9rt minden \u00e1ron el kellett ker\u00fclnie a sz\u00e1m\u00e1ra h\u00e1tr\u00e1nyos teljes\u00edt\u00e9si mechanizmust \u2013 m\u00e1s sz\u00f3val, ha az adott r\u00e9szv\u00e9nyes k\u00fcl\u00f6n\u00f6s k\u00e9nyszerhelyzetben volt.<br \/>\nEz a fellebbviteli \u00edt\u00e9let fontos eszk\u00f6zt ny\u00fajt a jogi szakemberek sz\u00e1m\u00e1ra a r\u00e9szv\u00e9nyesek k\u00f6z\u00f6tt gyakran el\u0151fordul\u00f3 patthelyzetek megold\u00e1s\u00e1hoz. Ugyanakkor seg\u00edt megel\u0151zni a heves vit\u00e1k gyakran elh\u00faz\u00f3d\u00f3 \u00e9s k\u00e1ros k\u00f6vetkezm\u00e9nyeit, amelyek a gyakorlatban \u2013 k\u00fcl\u00f6n\u00f6sen a csal\u00e1di tulajdon\u00fa v\u00e1llalkoz\u00e1sokban \u2013 gyakran hosszan elh\u00faz\u00f3d\u00f3 r\u00e9szv\u00e9nyesi konfliktusokhoz vezetnek.<\/p>\n<p>\u00d6r\u00f6mmel ny\u00fajtunk \u00d6nnek tan\u00e1csad\u00e1st a t\u00e1rsas\u00e1gi szerz\u0151d\u00e9s fenntarthat\u00f3 megfogalmaz\u00e1s\u00e1val, valamint a r\u00e9szv\u00e9nyesi vit\u00e1kkal kapcsolatban.<\/p>","protected":false},"excerpt":{"rendered":"<p>In practice, fifty-fifty shareholdings often give rise to the problem that shareholder decisions are mutually blocked by a deadlock situation. A so-called \u201cRussian roulette clause\u201d in the articles of association resolves such shareholder deadlocks by giving either shareholder the right to offer all of their shares to the other shareholder for purchase at a specified [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":55752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139],"tags":[],"class_list":["post-55750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"In practice, fifty-fifty shareholdings often give rise to the problem that shareholder decisions are mutually blocked by a deadlock situation. 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