Tracking stocks and the preliminary draft reform of Section 307 of the Commercial Companies Law: a win-win text
DOI:
https://doi.org/10.22235/rd26.2878Keywords:
tracking stocks, legal nature, economic rights, joint-stock company, simplified joint-stock company, commercial companiesAbstract
Tracking Stocks are a type of shares that have found support in different comparative law corporate legislation. These shares undoubtedly respond to the new demands of the market, and are a fundamental tool in corporate matters. With a new projection of reform of the Commercial Companies Law, in particular of section 307, the tracking stocks become a legislated reality. For these reasons, this paper seeks to address the particularities of this institute, its legal nature, what practical implications it has regarding the economic and political rights of shareholders, and in particular, what have been the arguments put forward by our national doctrine to consecrate them even without express legislation. Having established these bases, the reader is introduced to the changes and solutions implied by its regulation in the projected reform, concluding with some considerations that the topic under study has deserved.
Downloads
References
Alfaro Borges, J., & Poziomek, R. (2019). Acciones sectoriales en el derecho uruguayo. En Instituto de Derecho Comercial. Universidad de la República (Ed.), El derecho comercial en el camino de revisión de la normativa societaria y concursal (pp. 193-202). Fundación de Cultura Universitaria.
Bellocq, P. (2019). Manual de Sociedades por Acciones Simplificadas. Fundación de Cultura Universitaria.
Ferrer Montenegro, A. (2019). Clases de acciones en la ley 19.820. Libertad para la disparidad. Incluyamos a las acciones vinculadas. En Instituto de Derecho Comercial. Universidad de la República (Ed.), El derecho comercial en el camino de revisión de la normativa societaria y concursal (pp. 265-267). Fundación de Cultura Universitaria.
Lapique, L. (2021). Sociedades por Acciones Simplificadas (2ª ed.). Fundación de Cultura Universitaria.
Mailhos Gallo, J. (2020). Como anillo al dedo: las “tracking stocks” (o acciones vinculadas) en las Sociedades por Acciones Simplificadas. En Instituto de Derecho Comercial (Ed.), El derecho comercial frente a las crisis globales: sociedades-contratos-concursos (pp. 101-104). Fundación de Cultura Universitaria.
Miller, A. (2020a). ¿Acciones sectoriales en la sociedad anónima uruguaya? Revista CADE: doctrina y jurisprudencia, (53), 23-30.
Miller, A. (2020b). Sociedades por Acciones Simplificadas. Acciones sectoriales. En Instituto de Derecho Comercial (Ed.), El derecho comercial frente a las crisis globales: sociedades-contratos-concursos (pp. 105-113). Fundación de Cultura Universitaria.
Olivera García, R. (2020). Ensayos sobre sociedades comerciales. La Ley.
Pascale, R. (2017). Fisiología y anatomía financiera de las empresas: entendimientos y hallazgos empíricos recientes. Revista de Derecho Comercial, 2(6), 1-9.
Rodríguez Mascardi, T., & Ferrer Montenegro, A. (2015). ¿Las acciones vinculadas (tracking stocks) son admisibles en nuestro derecho societario? En Instituto de Derecho Comercial, Universidad de la República (Ed.), Los retos de la modernidad: cuestiones de derecho comercial actual (pp. 161-166). Fundación de Cultura Universitaria.
Uruguay. (1989, 1 de noviembre). Ley n.o 16.060: Sociedades Comerciales. https://www.impo.com.uy/bases/leyes/16060-1989
Uruguay. (2019, 27 de septiembre). Ley n.o 19.820: Declaración de Interés Nacional el Fomento de los Emprendimientos - Promoción del Emprendedurismo. https://www.impo.com.uy/bases/leyes/19820-2019
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
This publication is attached to the Creative Commons policy.
Political: this magazine provides an access open immediate to its content, based on the principle of that offer to the public an access free to them research helps to a higher Exchange global of knowledge.
Edition covered Dec. 218 / 96. Committee on the role. The reproduction total or partial in form identical or modified written to machine, by the system multigraph, mimeograph, printed, photocopy, scanner, media electronic, etc. not authorized by them editors violates rights reserved. Any use must be requested previously. Them opinions poured by the authors in their articles not reflect necessarily the seem of the Faculty of psychology of the University Catholic of the Uruguay.
