Anti-dilution provisions in American and Italian venture capital investments: a comparative approach

Lupi, Clara (A.A. 2022/2023) Anti-dilution provisions in American and Italian venture capital investments: a comparative approach. Tesi di Laurea in European business law, Luiss Guido Carli, relatore Nicola De Luca, pp. 99. [Single Cycle Master's Degree Thesis]

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Abstract/Index

Anti-dilution strictu sensu. Dilution and anti-dilution strictu sensu. European solution to dilution: pre-emptive rights. The contractual exclusion of pre-emptive rights for the functioning of anti-dilution clauses. Derogation from the principle of proportionality. Convertible quotas and convertible debt instruments for Italian star-ups. Anti-dilution latu sensu. Anti-dilution as a complex effect and the American corporate context. Contract innovation. Exit theory. Anti-dilution provisions latu sensu. Trilateral bargaining. The peculiarity of the Italian context for the implementation of anti-dilution provisions: obstacles and remedial interpretation. Preliminary considerations: reception of VC Praxis in Italy and 2012-2017 company law reforms. Admissibility of anti-dilution provisions according to the notarial council of Milan: recommendation n. 186, december 3rd, 2019. Formal and substantial obstacles. The central relevance of the quotaholder: when a protective principle becomes a constraint. The relation between anti-dilution provisions and leonine pacts. Remedial interpretation: a case for the negotiability of exit rights for the successful implementation of anti-dilution provisions.

References

Bibliografia: pp. 90-99.

Thesis Type: Single Cycle Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Single Cycle Master's Degree Programs > Single Cycle Master's Degree Program in Law (LMG-01)
Chair: European business law
Thesis Supervisor: De Luca, Nicola
Thesis Co-Supervisor: Patroni Griffi, Ugo
Academic Year: 2022/2023
Session: Autumn
Deposited by: Alessandro Perfetti
Date Deposited: 09 Apr 2024 07:34
Last Modified: 09 Apr 2024 07:34
URI: https://tesi.luiss.it/id/eprint/38413

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