An action seeking invalidation of acquisition of shares, etc. subject to the cash-out is under the exclusive jurisdiction of the district court having jurisdiction over the location of the head office of the subject company.
売渡株式等の取得の無効の訴えは、対象会社の本店の所在地を管轄する地方裁判所の管轄に専属する。
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subject company
「対象会社」
The stock company whose shares a special controlling shareholder (one holding at least nine tenths of the votes) demands the other shareholders sell to it in a cash-out.
Short name set inArticle 179, paragraph (2)
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