With regard to an action seeking invalidation of acquisition of shares, etc. subject to the cash-out, the special controlling shareholder is to be the defendant.
売渡株式等の取得の無効の訴えについては、特別支配株主を被告とする。
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special controlling shareholdermachine translation
「特別支配株主」
A person who, together with the stock companies it wholly owns and similar corporations set by Ministry of Justice Order (法務省令), holds nine tenths or more of the votes in a stock company (or any higher proportion its articles of incorporation set), and who may therefore demand that all other shareholders sell it their shares.
Defined inArticle 179, paragraph (1)
action seeking invalidation of acquisition of shares, etc. subject to the cash-outmachine translation
「売渡株式等の取得の無効の訴え」
A lawsuit claiming that a special controlling shareholder's acquisition of all the shares, etc. subject to a cash-out is void, which only the persons listed in Article 846-2, paragraph (2) may bring.
Short name set inArticle 846-2, paragraph (2)· applies only in this section