Deadlock definition—joint venture shareholders’ agreement

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Deadlock definition—joint venture shareholders’ agreement

Deadlock definition—joint venture shareholders’ agreement

Deadlock

  1. shall be deemed to have occurred in respect of a resolution proposed at a duly convened meeting of the Board or at a duly convened general meeting of the Shareholders, as appropriate, if:

    1. (a)

      a quorum is not achieved at the Board meeting and a quorum is still not achieved at such reconvened Board meeting, other than

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