You are looking at 1 - 1 of 1 items

  • Author or Editor: Ruth Ronnen x
Clear All Modify Search
You do not have access to this content

Ruth Ronnen

This chapter examines two ways in which courts appraise share value: via expert testimony on a company’s “objective” value, and by reference to market prices. Surveying Israeli case law, and with frequent reference to Delaware Chancery court rulings, the chapter offers insights into how judges make appraisal decisions. In so doing it discusses numerous relevant concepts, some of which are grappled with by commercial courts worldwide, others of which are more prominent in Israel (where controlling shareholders predominate). These concepts range from discounted cash flow analysis to market checks, consent of the majority of the minority shareholders, consent of sophisticated shareholders, and the presence of actual price negotiations.