kaal:claim:3017612-038

Because damages rarely provide an adequate remedy for breach of a shareholder agreement, refusing specific enforcement amounts in substance to declaring the agreement invalid.

Source quote, verbatim

Most often a suit for damages does not provide an adequate remedy for a breach of a shareholder agreement, so the denial of specific enforcement essentially declares the agreement invalid.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), V. Enforcement of Shareholders' Agreements, p. 19
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

suits to enforce shareholder voting agreements

Classification

mechanismsupport: arguedfailure: denial-of-specific-performance-nullifies-agreementfamily: enforcement-gapgovernance-design

Verify

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Attestation record: colloquium/attestations/6a48536c47a9235c...json
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