LAS RESTRICCIONES A LA LIBRE TRANSMISIBILIDAD DE ACCIONES EN LAS ADQUISICIONES INDIRECTAS. (CON ADENDA)

Abstract

The Supreme Court's ruling of 10 January 2011 denies the validity of a right of redemption as worded in a public limited company's articles of association on the grounds that the stated terms contradict the configuring principles of the concept of the public limited company. The position is one of dogmatic rigidity, taking an institutionalist view of the public limited company, in clear contradiction with the rule of corporate autonomy of will.