Análise da eficácia da resolução de impasses societários por meio de cláusulas de buy or sell
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Tipo
TCC
Data de publicação
2020-12
Periódico
Citações (Scopus)
Autores
Rodrigues, Isabella Bachega
Orientador
Ramunno, Pedro Alves Lavacchini
Título da Revista
ISSN da Revista
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Resumo
O principal objetivo do presente trabalho é avaliar, a luz da teoria dos jogos, a eficácia das
cláusulas de resolução de impasses societários, mais especificamente as cláusulas de buy or
sell, incluindo análise de caso concreto para exemplificar o tema abordado. Para tal,
primeiramente foi necessário realizar a diferenciação entre impasse e empate societário, bem
como estabelecer que existem diversas formas de resolução de um deadlock, sendo uma delas
a aplicação de cláusulas de buy or sell. Foram escolhidas quatro modalidades para serem
estudadas neste trabalho: Texas Shootout, Russian Roulette, Mexican Shootout e Sale Shootout,
as quais foram conceituadas e analisadas. Em seguida, tratou-se do principal obstáculo a
execução bem sucedida de uma cláusula de buy or sell, as assimetrias. Logo após, foram
estudados os conceitos fundamentais que baseiam a teoria dos jogos e a aplicação destes
conceitos em cada uma das modalidades estudadas, onde se provou a eficácia destes
dispositivos. Por fim, foi objeto de estudo o caso de disputa legal pelo direito de permanecer
como acionista da empresa Santos Brasil após problemas na aplicação da cláusula de Mexican
Shootout.
The main objective of the present work is to evaluate, in the light of the game theory, the effectiveness of corporate deadlock resolution clauses, more specifically the buy or sell clauses, including specific case analysis to exemplify the topic addressed. In order to do so, it was first necessary to set apart the concepts of corporate deadlock and tie, as well as establishing that there are several ways to solve a deadlock, one of which is the application of buy or sell clauses. Four modalities were chosen to be studied in this work: Texas Shootout, Russian Roulette, Mexican Shootout and Sale Shootout, which were explained and analyzed. Then, the main obstacle to the successful execution of a buy or sell clause was studied, the asymmetries. Soon after, an analysis was made on the most important concepts that fundaments the game theory as well as an application of these concepts in each of the studied modalities, which proved the effectiveness of these devices. Finally, the case of a legal dispute over the right to remain as Santos Brasil’s shareholder was studied, which happened after there were problems on the application of the Mexican Shootout clause.
The main objective of the present work is to evaluate, in the light of the game theory, the effectiveness of corporate deadlock resolution clauses, more specifically the buy or sell clauses, including specific case analysis to exemplify the topic addressed. In order to do so, it was first necessary to set apart the concepts of corporate deadlock and tie, as well as establishing that there are several ways to solve a deadlock, one of which is the application of buy or sell clauses. Four modalities were chosen to be studied in this work: Texas Shootout, Russian Roulette, Mexican Shootout and Sale Shootout, which were explained and analyzed. Then, the main obstacle to the successful execution of a buy or sell clause was studied, the asymmetries. Soon after, an analysis was made on the most important concepts that fundaments the game theory as well as an application of these concepts in each of the studied modalities, which proved the effectiveness of these devices. Finally, the case of a legal dispute over the right to remain as Santos Brasil’s shareholder was studied, which happened after there were problems on the application of the Mexican Shootout clause.
Descrição
Palavras-chave
direito societário , resolução de impasses , deadlock , eficácia , corporate law , resolutions , efficiency , game theory