Shareholders’ agreements under the law of some countries in the world

Abstract

The business practice has already acknowledged the conclusion of many shareholders’ agreements which are considered not only as “founders’agreements” but also as shareholders’ agreements concluded even after the formation of corporations. This is, however, not the case of Vietnam where no provisions on such agreements are covered in the law on enterprises. The paper examines the law on shareholders’ agreement of some countries in the world in which some legal precedents and practices related to shareholders’ agreements are specifically analysed. It also points out factors influencing the validity of shareholders’ agreements in different cases. On that basis, the paper argues for the significance of thelaw on shareholders’agreements and outlines some relevant legal provisions in this regard that need to be included into the law on enterprises of Vietnam.