LEGAL LOOPHOLES THAT ALLOW ACQUISITION IN COMPANIES

1Dr. Andalus Hamid Abed, Dr. Raheem Rahi Naser

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Abstract:

As interested researchers, we ought to diagnose the legal loopholes in companies that allow acquisition, whether in the same company or among different companies within our field of study. This is necessary to obtain suitable solutions to the lawmakers and to be included in a legal text that covers these loopholes in the law, for instance, the Iraqi Companies ActNo. 21, 1997 (edited).This subject is broached in three sections: the first section discusses the number of votes the corporates possess and their representation by others. The second section broaches the mock writing and its conditions, while the third section studies the waiver of the right to vote, and fraudulent ways of some corporates to obtain votes. In this way, through extrapolation of legal texts and doctrinal teachings, several legal loopholes that allow the acquisition to some companies with respect to others, or that possibly encourage the emerge of acquisition activity, have been identified.

Keywords:

Legal Loopholes, Acquisitionin Companies, Votes held by the corporate, Graphical conditioned writings

Paper Details
Month2
Year2020
Volume24
IssueIssue 3
Pages1-10