ACTING IN CONCERT IN FUNCTION FOR TAKING OVER JOINTSTOCK COMPANIES

PROTECTION OR PROBLEM FOR THE SHAREHOLDERS IN THE REPUBLIC OF NORTH MACEDONIA

Abstract

The entities that act in concert are the central category of the legislation referring to the jointstock companies taking over. Their defining into the legislation of the Republic of North
Macedonia, the differences between the initial legal solution from 2002 and the new one from
2013, and also the attempts of the Securities and Exchange Commission to finalize this material
with its acts, open numerous questions to which scientific public should give an appropriate
answer. In the lack of scientific researches and an answer in this area, the procedure for taking
over the joint-stock companies in The Republic of North Macedonia has become more complex
and unclear due to the actual set-up of "the entities that act jointly", which of course does not go
in favor of the concerned parties by this legislative. Due to a.m., substantial scientific
explanation of the need for such legislative, its function and importance, is needed, and also to
determine the disadvantages in the existing law and to give recommendations on the way of the
competent authorities' proceeding and the shareholders' action.