Relationship Agreement Konzern
In addition, shareholder agreements often provide for: (inorganic groups) The conglomerate is made up of companies from different companies. Unlike the group, companies have limited business relationships in a conglomerate. In strict legal theory, the relationship between shareholders and those between shareholders and the company is governed by the company`s constitutional documents. [Citation required] However, for a relatively small number of shareholders, such as in a start-up, it is common in practice for shareholders to complete the constitutional document. There are a number of reasons why shareholders want to supplement (or take over) the company`s constitutional documents: however, this flexibility can lead to conflicts between a shareholder contract and a company`s constitutional documents. Although the laws differ from country to country, most conflicts are generally resolved as follows: in return, the control company is required to compensate the controlled company for all the deficits of the controlled company during the duration of the agreement.  In most countries, the registration of a shareholder contract is not necessary for it to be effective. Indeed, it is the greater perceived flexibility of contract law in relation to corporate law that provides much of the rationale for shareholder agreements. Shareholders of controls, companies, face a conflict of objectives which is an equal squaring of the borough: the obligation of legality stems from the strict responsibility of management, to ensure that the legal framework becomes, at all levels of the company and in the subsidiaries, the same legal form and a single IPO.
This is a group-wide obligation for risk, crisis and compliance management systems. Moreover, in several legal areas governed by EU rights, including cartels and data protection, the individual boundaries of society`s idea of “economic unity” are gilded. The European Commission therefore imposes fines and other penalties on the group`s parent company for infringements in subsidiaries, without any evidence that their participation in the infringement is proven. Both argue for a shorter guideline. In this form of concern, the control firm has control over the controlled entity, but there is no formal agreement to control or transfer profits.  If a company owns the majority of another business, the influence of the first entity is considered to have a controlling effect.  The parent company will then be liable for damages resulting from the parent company`s intervention in the subsidiary, which will be assessed on a case-by-case basis.  This type of concern is more difficult to identify and is therefore more frequent.  Some risks may also be related to the establishment of a shareholder agreement in some countries. Shareholder agreements vary considerably from country to country and industry to industry. However, in a typical joint venture or start-up, a shareholders` pact is normally expected to resolve the following issues: a company consists of a control firm and one or more controlled companies.  The relationship between controlled and controlled companies is based on effective commercial and management relationships, as opposed to parent companies and subsidiaries linked by share ownership and voting rights.
 In this form of concern, the control company and the controlled entity enter into a control agreement – the control company can obtain management powers over the controlled enterprise, sometimes amounting to total control – and/or a profit transfer agreement.  These powers may be used in a manner detrimental to the subsidiary, provided they are in the interest of the person concerned and do not interfere with the legal separation of the subsidiary.  A shareholder pact (sometimes called in the United States).