JSC “JSCB “CONCORD” offers to use the service to open an escrow account for payment in the squeeze out procedure (the procedure for mandatory sale of shares by minority shareholders at the request of a majority shareholder (dominant)). This procedure is provided for by current legislation.
The advantages of this procedure
For Joint Stock Company and Majority:
- Reducing the cost of maintaining a joint stock company (sending notifications, etc.);
- Reducing mandatory reporting;
- Reducing the risks of corporate blackmail and raider seizure;
For minority shareholders:
- The ability to get the market value of shares;
- No additional costs (squeeze-out is paid by the majority shareholder).
JSC “JSCB “CONCORD” is one of the few banks that have experience in opening and maintaining these accounts. High-quality service and reasonable cost are the advantages that allow the Bank to occupy its niche in the market for these services.
For more information, contact Concord Bank on (0562) 31-13-14
