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Latvian state made to feel like small shareholder

Jun 17, 1999

Developments last week made the Latvian government realize how unenviable it is to be a minority shareholder. So far the Latvian government has neglected the rights of minority shareholders, which have often been violated by large shareholders and owners of controlling stakes. Under the existing law anybody with a controlling stake in a company can totally ignore the rights of small shareholders. The owner can increase its share at the expense of other shareholders by contributing to the fix ...

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