Uygulamada, paylar\u0131n iki pay sahibi aras\u0131nda e\u015fit olarak da\u011f\u0131ld\u0131\u011f\u0131 - ortakl\u0131k yap\u0131lar\u0131, kararlar\u0131n kar\u015f\u0131l\u0131kl\u0131 olarak engellenmesi nedeniyle s\u0131kl\u0131kla \u00e7\u0131kmaza yol a\u00e7maktad\u0131r.<\/p>\n
\u015eirket esas s\u00f6zle\u015fmesinde yer alan ve \u201cRus ruleti h\u00fckm\u00fc\u201d olarak adland\u0131r\u0131lan d\u00fczenleme, her iki pay sahibine de sahip oldu\u011fu paylar\u0131n tamam\u0131n\u0131 belirli bir bedel \u00fczerinden di\u011fer pay sahibine satmay\u0131 teklif etme hakk\u0131 tan\u0131yarak bu t\u00fcr ortakl\u0131k \u00e7\u0131kmazlar\u0131n\u0131n \u00e7\u00f6z\u00fclmesini ama\u00e7lamaktad\u0131r. Teklifin muhatab\u0131 teklifi kabul etmez veya belirlenen s\u00fcre i\u00e7inde kabul etmezse, bu kez kendi paylar\u0131n\u0131n tamam\u0131n\u0131 ayn\u0131 bedel \u00fczerinden gecikmeksizin teklif sahibine satmak ve devretmekle y\u00fck\u00fcml\u00fc olur.<\/p>\n
N\u00fcrnberg Y\u00fcksek B\u00f6lge Mahkemesi, 20 Aral\u0131k 2013 tarihli \u2013 12 U 49\/13 say\u0131l\u0131 kesinle\u015fmi\u015f karar\u0131nda, hukuk literat\u00fcr\u00fcnde \u201cRus ruleti h\u00fckm\u00fc\u201d olarak adland\u0131r\u0131lan bu t\u00fcr bir d\u00fczenlemenin ge\u00e7erli oldu\u011funa h\u00fckmetmi\u015ftir. Dava, paylar\u0131 iki pay sahibi aras\u0131nda e\u015fit olarak da\u011f\u0131t\u0131lm\u0131\u015f bir anonim \u015firkete ili\u015fkindir. Bir GmbH\u2019deki pay sahiplerinin menfaatleri benzer oldu\u011fundan, bu i\u00e7tihad\u0131n iki pay sahipli bir GmbH\u2019deki hukuki ili\u015fkilere de do\u011frudan uygulanabilece\u011fi kabul edilmelidir.<\/p>\n
Bu mekanizman\u0131n k\u00f6t\u00fcye kullan\u0131lma riskinin bulunmas\u0131, tek ba\u015f\u0131na h\u00fckm\u00fcn kamu d\u00fczenine veya genel ahlaka ayk\u0131r\u0131 oldu\u011fu sonucuna var\u0131lmas\u0131n\u0131 hakl\u0131 k\u0131lmaz. Bir s\u00f6zle\u015fme taraf\u0131 bu riski \u00fcstlenmek istemiyorsa, Rus ruleti mekanizmas\u0131n\u0131 kabul etmemelidir. Her hal\u00fck\u00e2rda, e\u015fit paylara sahip iki pay sahibinin kar\u015f\u0131l\u0131kl\u0131 olarak karar al\u0131nmas\u0131n\u0131 engellemesi sonucunda ortaya \u00e7\u0131kan \u015firket i\u00e7i \u00e7\u0131kmaz\u0131n giderilmesi amac\u0131yla b\u00f6yle bir h\u00fckme ba\u015fvurulmas\u0131 objektif olarak hakl\u0131d\u0131r.<\/p>\n
Mahkeme ayr\u0131ca, yarg\u0131sal m\u00fcdahalenin ancak pay sahiplerinden birinin ba\u015f\u0131ndan itibaren bir sat\u0131n alma teklifini finanse edemeyecek durumda olmas\u0131 ve bu nedenle kendisi a\u00e7\u0131s\u0131ndan dezavantajl\u0131 olan bu mekanizman\u0131n sonu\u00e7lar\u0131ndan ne pahas\u0131na olursa olsun ka\u00e7\u0131nmak zorunda kalmas\u0131 halinde \u2014 ba\u015fka bir ifadeyle, ilgili pay sahibinin belirli bir bask\u0131 alt\u0131nda bulunmas\u0131 durumunda \u2014 hakl\u0131 g\u00f6r\u00fclebilece\u011fini belirtmi\u015ftir.
\nBu temyiz karar\u0131, pay sahipleri aras\u0131nda s\u0131kl\u0131kla ortaya \u00e7\u0131kan \u00e7\u0131kmazlar\u0131n \u00e7\u00f6z\u00fcm\u00fc bak\u0131m\u0131ndan hukuk\u00e7ulara \u00f6nemli bir s\u00f6zle\u015fme haz\u0131rlama arac\u0131 sunmaktad\u0131r. Ayn\u0131 zamanda, yo\u011fun uyu\u015fmazl\u0131klar\u0131n uzun s\u00fcre devam eden ve \u015firkete zarar veren sonu\u00e7lar\u0131n\u0131n \u00f6nlenmesine de yard\u0131mc\u0131 olmaktad\u0131r; zira bu t\u00fcr uyu\u015fmazl\u0131klar uygulamada, \u00f6zellikle aile \u015firketlerinde, uzun s\u00fcreli pay sahibi \u00e7at\u0131\u015fmalar\u0131na d\u00f6n\u00fc\u015febilmektedir.<\/p>\n
\u015eirket esas s\u00f6zle\u015fmelerinin s\u00fcrd\u00fcr\u00fclebilir \u015fekilde haz\u0131rlanmas\u0131 ve pay sahipleri aras\u0131ndaki uyu\u015fmazl\u0131klar\u0131n \u00e7\u00f6z\u00fcm\u00fc konusunda size dan\u0131\u015fmanl\u0131k sunmaktan memnuniyet duyar\u0131z.<\/p>","protected":false},"excerpt":{"rendered":"
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 […]<\/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\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t