{"id":61491,"date":"2023-12-08T20:25:35","date_gmt":"2023-12-08T11:25:35","guid":{"rendered":"https:\/\/monolith.law\/cs\/?p=61491"},"modified":"2024-03-28T17:30:25","modified_gmt":"2024-03-28T08:30:25","slug":"share-transfer-ma","status":"publish","type":"post","link":"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma","title":{"rendered":"V\u00fdhody a postup smlouvy o 'p\u0159evodu akci\u00ed', jednoduch\u00e9ho sch\u00e9matu v r\u00e1mci M&amp;A"},"content":{"rendered":"\n<p>V oblasti M&amp;A (f\u00faz\u00ed a akvizic) existuj\u00ed r\u016fzn\u00e9 sch\u00e9maty, jako je rozd\u011blen\u00ed spole\u010dnosti, slou\u010den\u00ed nebo p\u0159evod akci\u00ed. V tomto \u010dl\u00e1nku se zam\u011b\u0159\u00edme na sch\u00e9ma &#8220;p\u0159evod akci\u00ed&#8221;, kter\u00e9 tvo\u0159\u00ed velkou \u010d\u00e1st dom\u00e1c\u00edch M&amp;A, a vysv\u011btl\u00edme jeho v\u00fdhody a nev\u00fdhody.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/ma-lawyer-basic-agreement\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/ma-lawyer-basic-agreement[ja]<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Co_je_prevod_akcii\" title=\"Co je p\u0159evod akci\u00ed\">Co je p\u0159evod akci\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Metody_prevodu_akcii\" title=\"Metody p\u0159evodu akci\u00ed\">Metody p\u0159evodu akci\u00ed<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Verejna_nabidka_k_odkupu_akcii_TOB\" title=\"Ve\u0159ejn\u00e1 nab\u00eddka k odkupu akci\u00ed (TOB)\">Ve\u0159ejn\u00e1 nab\u00eddka k odkupu akci\u00ed (TOB)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Nakup_na_trhu\" title=\"N\u00e1kup na trhu\">N\u00e1kup na trhu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Prime_obchodovani\" title=\"P\u0159\u00edm\u00e9 obchodov\u00e1n\u00ed\">P\u0159\u00edm\u00e9 obchodov\u00e1n\u00ed<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Vyhody_prevodu_akcii\" title=\"V\u00fdhody p\u0159evodu akci\u00ed\">V\u00fdhody p\u0159evodu akci\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Nevyhody_prevodu_akcii\" title=\"Nev\u00fdhody p\u0159evodu akci\u00ed\">Nev\u00fdhody p\u0159evodu akci\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Co_overit_pred_prevodem_akcii\" title=\"Co ov\u011b\u0159it p\u0159ed p\u0159evodem akci\u00ed\">Co ov\u011b\u0159it p\u0159ed p\u0159evodem akci\u00ed<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Zda_byly_vydany_akcie\" title=\"Zda byly vyd\u00e1ny akcie\">Zda byly vyd\u00e1ny akcie<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Zda_existuji_omezeni_prevodu_akcii\" title=\"Zda existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed\">Zda existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Prubeh_prevodu_akcii\" title=\"Pr\u016fb\u011bh p\u0159evodu akci\u00ed\">Pr\u016fb\u011bh p\u0159evodu akci\u00ed<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Pokud_existuji_omezeni_prevodu_akcii_Zadost_o_schvaleni_prevodu_akcii\" title=\"(Pokud existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed) \u017d\u00e1dost o schv\u00e1len\u00ed p\u0159evodu akci\u00ed\">(Pokud existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed) \u017d\u00e1dost o schv\u00e1len\u00ed p\u0159evodu akci\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Pokud_existuji_omezeni_prevodu_akcii_Schvaleni_prevodu_akcii\" title=\"(Pokud existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed) Schv\u00e1len\u00ed p\u0159evodu akci\u00ed\">(Pokud existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed) Schv\u00e1len\u00ed p\u0159evodu akci\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Uzavreni_smlouvy_o_prevodu_akcii\" title=\"Uzav\u0159en\u00ed smlouvy o p\u0159evodu akci\u00ed\">Uzav\u0159en\u00ed smlouvy o p\u0159evodu akci\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Prepsani_seznamu_akcionaru\" title=\"P\u0159eps\u00e1n\u00ed seznamu akcion\u00e1\u0159\u016f\">P\u0159eps\u00e1n\u00ed seznamu akcion\u00e1\u0159\u016f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/share-transfer-ma\/#Shrnuti\" title=\"Shrnut\u00ed\">Shrnut\u00ed<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Co_je_prevod_akcii\"><\/span>Co je p\u0159evod akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>P\u0159evod akci\u00ed v r\u00e1mci M&amp;A znamen\u00e1, \u017ee akcion\u00e1\u0159i c\u00edlov\u00e9 spole\u010dnosti prod\u00e1vaj\u00ed sv\u00e9 akcie kupuj\u00edc\u00ed spole\u010dnosti, \u010d\u00edm\u017e p\u0159ed\u00e1vaj\u00ed pr\u00e1vo na \u0159\u00edzen\u00ed. Akcion\u00e1\u0159i mohou z\u00edskat finan\u010dn\u00ed protihodnotu za p\u0159evod akci\u00ed. Tento postup je jednodu\u0161\u0161\u00ed ne\u017e jin\u00e9 M&amp;A sch\u00e9my, a proto je \u010dasto volen p\u0159edev\u0161\u00edm u mal\u00fdch a st\u0159edn\u00edch podnik\u016f.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Metody_prevodu_akcii\"><\/span>Metody p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Metody p\u0159evodu akci\u00ed lze rozd\u011blit do t\u0159\u00ed hlavn\u00edch kategori\u00ed: &#8220;ve\u0159ejn\u00e1 nab\u00eddka k odkupu (TOB)&#8221;, &#8220;n\u00e1kup na trhu&#8221; a &#8220;p\u0159\u00edm\u00e9 obchodov\u00e1n\u00ed&#8221;.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Verejna_nabidka_k_odkupu_akcii_TOB\"><\/span>Ve\u0159ejn\u00e1 nab\u00eddka k odkupu akci\u00ed (TOB)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ve\u0159ejn\u00e1 nab\u00eddka k odkupu akci\u00ed, zn\u00e1m\u00e1 tak\u00e9 jako TOB (Take-Over Bid), je metoda, p\u0159i kter\u00e9 se detaily odkupu (doba odkupu, cena odkupu, po\u010det akci\u00ed) ozn\u00e1m\u00ed a velk\u00e9 mno\u017estv\u00ed akci\u00ed se odkoup\u00ed bez pou\u017eit\u00ed burzy. Podle Japonsk\u00e9ho z\u00e1kona o obchodov\u00e1n\u00ed s finan\u010dn\u00edmi instrumenty, pokud pod\u00edl vlastnictv\u00ed akci\u00ed po odkupu p\u0159ekro\u010d\u00ed t\u0159etinu, mus\u00ed se pou\u017e\u00edt ve\u0159ejn\u00e1 nab\u00eddka k odkupu (pravidlo t\u0159etiny). Cena odkupu nab\u00edzen\u00e1 v TOB je \u010dasto nastavena vy\u0161\u0161\u00ed ne\u017e tr\u017en\u00ed cena, aby se odkoupilo v\u00edce akci\u00ed.<\/p>\n\n\n\n<p>Existuj\u00ed dva typy TOB: p\u0159\u00e1telsk\u00e9 a nep\u0159\u00e1telsk\u00e9. P\u0159\u00e1telsk\u00e9 TOB se vztahuje na p\u0159\u00edpady, kdy je z\u00edsk\u00e1n souhlas veden\u00ed c\u00edlov\u00e9 spole\u010dnosti, zat\u00edmco nep\u0159\u00e1telsk\u00e9 TOB se vztahuje na p\u0159\u00edpady, kdy veden\u00ed c\u00edlov\u00e9 spole\u010dnosti nesouhlas\u00ed. Proti nep\u0159\u00e1telsk\u00e9mu TOB existuj\u00ed r\u016fzn\u00e9 obrann\u00e9 strategie, jako jsou jedovat\u00e9 pilulky nebo zlat\u00e9 pad\u00e1ky.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nakup_na_trhu\"><\/span>N\u00e1kup na trhu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>N\u00e1kup na trhu je metoda, p\u0159i kter\u00e9 se akcie c\u00edlov\u00e9 spole\u010dnosti nakupuj\u00ed na burze, pokud je c\u00edlov\u00e1 spole\u010dnost ve\u0159ejn\u011b obchodovan\u00e1. Nicm\u00e9n\u011b, pokud se vyd\u00e1 velk\u00fd objedn\u00e1vkov\u00fd p\u0159\u00edkaz, je pravd\u011bpodobn\u00e9, \u017ee cena akci\u00ed stoupne, tak\u017ee je nepravd\u011bpodobn\u00e9, \u017ee by se tato metoda pou\u017e\u00edvala s c\u00edlem z\u00edskat v\u00edce ne\u017e polovinu akci\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prime_obchodovani\"><\/span>P\u0159\u00edm\u00e9 obchodov\u00e1n\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>P\u0159\u00edm\u00e9 obchodov\u00e1n\u00ed znamen\u00e1 obchodov\u00e1n\u00ed mimo burzu a v p\u0159\u00edpad\u011b neve\u0159ejn\u00fdch spole\u010dnost\u00ed je jedinou mo\u017enost\u00ed. Pokud se strany dohodnou, mohou si voln\u011b stanovit obchodn\u00ed podm\u00ednky, jako je cena.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhody_prevodu_akcii\"><\/span>V\u00fdhody p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>V\u00fdhody pro p\u0159ev\u00e1d\u011bj\u00edc\u00ed spole\u010dnost jsou p\u0159edev\u0161\u00edm n\u00e1sleduj\u00edc\u00ed dv\u011b:<\/p>\n\n\n\n<ul>\n<li>Spole\u010dnost m\u016f\u017ee pokra\u010dovat v existenci<\/li>\n\n\n\n<li>Akcion\u00e1\u0159i mohou sv\u00e9 akcie p\u0159ev\u00e9st na hotovost<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/11\/share-transfer-ma2.jpg\" alt=\"\" class=\"wp-image-21231\" \/><\/figure>\n\n\n\n<p>Na druh\u00e9 stran\u011b, v\u00fdhody pro p\u0159\u00edjemce p\u0159evodu jsou n\u00e1sleduj\u00edc\u00ed dv\u011b:<\/p>\n\n\n\n<ul>\n<li>Principi\u00e1ln\u011b je mo\u017en\u00e9 p\u0159evz\u00edt povolen\u00ed a smlouvy<\/li>\n\n\n\n<li>Ve srovn\u00e1n\u00ed s jin\u00fdmi sch\u00e9maty je proces jednodu\u0161\u0161\u00ed<\/li>\n<\/ul>\n\n\n\n<p>V p\u0159\u00edpad\u011b p\u0159evodu akci\u00ed je v\u011bt\u0161inou mo\u017en\u00e9 p\u0159evz\u00edt povolen\u00ed a smlouvy. Nicm\u00e9n\u011b, v z\u00e1kladn\u00edch obchodn\u00edch smlouv\u00e1ch nebo n\u00e1jemn\u00edch smlouv\u00e1ch m\u016f\u017ee b\u00fdt klauzule, kter\u00e1 uv\u00e1d\u00ed, \u017ee smlouva bude zru\u0161ena, pokud dojde ke zm\u011bn\u011b majoritn\u00edho akcion\u00e1\u0159e. Je t\u0159eba v\u011bnovat pozornost tomuto bodu. V praxi v\u0161ak tato klauzule neznamen\u00e1, \u017ee smlouva bude v\u017edy zru\u0161ena, a v mnoha p\u0159\u00edpadech je mo\u017en\u00e9 smlouvu pokra\u010dovat v z\u00e1vislosti na d\u016fv\u011bryhodnosti nov\u00e9ho akcion\u00e1\u0159e.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhody_prevodu_akcii\"><\/span>Nev\u00fdhody p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Pokud by nebylo mnoho akcion\u00e1\u0159\u016f p\u0159ev\u00e1d\u011bj\u00edc\u00ed spole\u010dnosti, bylo by to ide\u00e1ln\u00ed, ale pokud je akcion\u00e1\u0159\u016f mnoho, sestaven\u00ed akci\u00ed m\u016f\u017ee b\u00fdt n\u00e1ro\u010dn\u00e9.<\/p>\n\n\n\n<p>Nav\u00edc pro p\u0159evz\u00edmaj\u00edc\u00ed spole\u010dnost existuje nev\u00fdhoda, \u017ee mus\u00ed p\u0159evz\u00edt i z\u00e1vazky a mimo-bilan\u010dn\u00ed dluhy. Proto je nutn\u00e9 pe\u010dliv\u011b prov\u00e9st p\u0159edchoz\u00ed due diligence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Co_overit_pred_prevodem_akcii\"><\/span>Co ov\u011b\u0159it p\u0159ed p\u0159evodem akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>P\u0159i p\u0159evodu akci\u00ed je d\u016fle\u017eit\u00e9 ov\u011b\u0159it n\u00e1sleduj\u00edc\u00ed body.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Zda_byly_vydany_akcie\"><\/span>Zda byly vyd\u00e1ny akcie<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>V p\u0159\u00edpad\u011b spole\u010dnosti, kter\u00e1 vyd\u00e1v\u00e1 akcie, je p\u0159i p\u0159evodu akci\u00ed nutn\u00e9 prov\u00e9st proces p\u0159ed\u00e1n\u00ed akci\u00ed. Pokud byla spole\u010dnost zalo\u017eena p\u0159ed zaveden\u00edm japonsk\u00e9ho z\u00e1kona o spole\u010dnostech (v kv\u011btnu 2006), a pokud ve stanov\u00e1ch nen\u00ed uvedeno, \u017ee se akcie nevyd\u00e1vaj\u00ed, je to spole\u010dnost vyd\u00e1vaj\u00edc\u00ed akcie. Naopak, pokud byla spole\u010dnost zalo\u017eena po kv\u011btnu 2006 a ve stanov\u00e1ch nen\u00ed uvedeno, \u017ee se akcie vyd\u00e1vaj\u00ed, je to spole\u010dnost, kter\u00e1 nevyd\u00e1v\u00e1 akcie.<\/p>\n\n\n\n<p>V p\u0159\u00edpad\u011b spole\u010dnosti, kter\u00e1 nevyd\u00e1v\u00e1 akcie, je mo\u017en\u00e9 p\u0159ev\u00e9st pr\u00e1va uzav\u0159en\u00edm smlouvy o p\u0159evodu akci\u00ed a zm\u011bnou jm\u00e9na v seznamu akcion\u00e1\u0159\u016f, ale v p\u0159\u00edpad\u011b spole\u010dnosti, kter\u00e1 vyd\u00e1v\u00e1 akcie, je nutn\u00e9 p\u0159edat akcie, aby se pr\u00e1va mohla p\u0159ev\u00e9st. Je tedy nutn\u00e9 b\u00fdt opatrn\u00fd.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Zda_existuji_omezeni_prevodu_akcii\"><\/span>Zda existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Pokud jsou na akcie, kter\u00e9 maj\u00ed b\u00fdt p\u0159evedeny, stanovena omezen\u00ed p\u0159evodu, je nutn\u00e9 po\u017e\u00e1dat o schv\u00e1len\u00ed p\u0159evodu akci\u00ed a z\u00edskat schv\u00e1len\u00ed. Zda existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed, lze zjistit ve stanov\u00e1ch nebo v osv\u011bd\u010den\u00ed o z\u00e1pisu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prubeh_prevodu_akcii\"><\/span>Pr\u016fb\u011bh p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>P\u0159evod akci\u00ed prost\u0159ednictv\u00edm p\u0159\u00edm\u00e9 transakce je mo\u017en\u00fd, pokud existuje dohoda mezi p\u0159ev\u00e1d\u011bj\u00edc\u00edm a p\u0159\u00edjemcem, ale pro vytvo\u0159en\u00ed pr\u00e1vn\u00ed \u00fa\u010dinnosti a uplatn\u011bn\u00ed v\u016f\u010di t\u0159et\u00edm stran\u00e1m je nutn\u00e9 dodr\u017eet postupy stanoven\u00e9 v Japonsk\u00e9m z\u00e1kon\u011b o obchodn\u00edch spole\u010dnostech. N\u00ed\u017ee vysv\u011btl\u00edme z\u00e1kladn\u00ed pr\u016fb\u011bh p\u0159evodu akci\u00ed prost\u0159ednictv\u00edm p\u0159\u00edm\u00e9 transakce.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pokud_existuji_omezeni_prevodu_akcii_Zadost_o_schvaleni_prevodu_akcii\"><\/span>(Pokud existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed) \u017d\u00e1dost o schv\u00e1len\u00ed p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Pokud se chyst\u00e1te p\u0159ev\u00e9st akcie s omezen\u00edm p\u0159evodu, mus\u00ed akcion\u00e1\u0159 podat spole\u010dnosti \u017e\u00e1dost o schv\u00e1len\u00ed p\u0159evodu a z\u00edskat schv\u00e1len\u00ed. \u017d\u00e1dost o schv\u00e1len\u00ed p\u0159evodu by m\u011bla obsahovat n\u00e1sleduj\u00edc\u00ed informace:<\/p>\n\n\n\n<ul>\n<li>Typ a po\u010det akci\u00ed k p\u0159evodu<\/li>\n\n\n\n<li>Adresa, jm\u00e9no nebo n\u00e1zev p\u0159\u00edjemce p\u0159evodu<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/11\/share-transfer-ma3.jpg\" alt=\"\" class=\"wp-image-21232\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pokud_existuji_omezeni_prevodu_akcii_Schvaleni_prevodu_akcii\"><\/span>(Pokud existuj\u00ed omezen\u00ed p\u0159evodu akci\u00ed) Schv\u00e1len\u00ed p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>V p\u0159\u00edpad\u011b spole\u010dnosti s dozor\u010d\u00ed radou je schv\u00e1len\u00ed p\u0159evodu akci\u00ed provedeno dozor\u010d\u00ed radou. I kdy\u017e je spole\u010dnost s dozor\u010d\u00ed radou, m\u016f\u017ee b\u00fdt schv\u00e1len\u00ed provedeno na valn\u00e9 hromad\u011b akcion\u00e1\u0159\u016f, pokud to stanovy umo\u017e\u0148uj\u00ed. V p\u0159\u00edpad\u011b spole\u010dnosti bez dozor\u010d\u00ed rady je schv\u00e1len\u00ed z\u00edsk\u00e1no na valn\u00e9 hromad\u011b akcion\u00e1\u0159\u016f. Jakmile je rozhodnuto o schv\u00e1len\u00ed nebo neschv\u00e1len\u00ed, spole\u010dnost ozn\u00e1m\u00ed \u017eadateli.<\/p>\n\n\n\n<p>Je t\u0159eba poznamenat, \u017ee pokud spole\u010dnost neozn\u00e1m\u00ed rozhodnut\u00ed do dvou t\u00fddn\u016f od data \u017e\u00e1dosti o schv\u00e1len\u00ed p\u0159evodu (lze zkr\u00e1tit ve stanov\u00e1ch), bude se podle Japonsk\u00e9ho z\u00e1kona o obchodn\u00edch spole\u010dnostech pova\u017eovat, \u017ee spole\u010dnost p\u0159evod schv\u00e1lila.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Uzavreni_smlouvy_o_prevodu_akcii\"><\/span>Uzav\u0159en\u00ed smlouvy o p\u0159evodu akci\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Pokud je schv\u00e1len\u00ed p\u0159evodu akci\u00ed ud\u011bleno, uzav\u0159e se smlouva o p\u0159evodu akci\u00ed. P\u0159ed uzav\u0159en\u00edm smlouvy o p\u0159evodu akci\u00ed je t\u0159eba prov\u00e9st due diligence a pochopit rizika.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-clause-management-company\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-clause-management-company[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prepsani_seznamu_akcionaru\"><\/span>P\u0159eps\u00e1n\u00ed seznamu akcion\u00e1\u0159\u016f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>P\u0159ev\u00e1d\u011bj\u00edc\u00ed a p\u0159\u00edjemce podaj\u00ed spole\u010dnosti \u017e\u00e1dost o p\u0159eps\u00e1n\u00ed seznamu akcion\u00e1\u0159\u016f. V p\u0159\u00edpad\u011b spole\u010dnosti, kter\u00e1 nevyd\u00e1v\u00e1 akcie, m\u016f\u017ee p\u0159\u00edjemce po\u017e\u00e1dat o vyd\u00e1n\u00ed certifik\u00e1tu o z\u00e1pisu do seznamu akcion\u00e1\u0159\u016f. Jak jsme ji\u017e uvedli, v p\u0159\u00edpad\u011b spole\u010dnosti vyd\u00e1vaj\u00edc\u00ed akcie se pr\u00e1vn\u00ed \u00fa\u010dinky p\u0159evodu akci\u00ed nevznikaj\u00ed bez vyd\u00e1n\u00ed akci\u00ed, tak\u017ee je t\u0159eba vyd\u00e1vat akcie.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/exit-by-ipo-m-and-a\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/exit-by-ipo-m-and-a[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shrnuti\"><\/span>Shrnut\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>P\u0159evod akci\u00ed je v porovn\u00e1n\u00ed s jin\u00fdmi sch\u00e9maty M&amp;A jednoduch\u00fd proces, ale pro hladk\u00fd pr\u016fb\u011bh je nezbytn\u00e1 odborn\u00e1 znalost pr\u00e1vn\u00edch a da\u0148ov\u00fdch z\u00e1le\u017eitost\u00ed. Pokud uva\u017eujete o p\u0159evodu akci\u00ed, m\u011bli byste se nejprve poradit s pr\u00e1vn\u00edkem s bohat\u00fdmi zku\u0161enostmi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>V oblasti M&amp;A (f\u00faz\u00ed a akvizic) existuj\u00ed r\u016fzn\u00e9 sch\u00e9maty, jako je rozd\u011blen\u00ed spole\u010dnosti, slou\u010den\u00ed nebo p\u0159evod akci\u00ed. V tomto \u010dl\u00e1nku se zam\u011b\u0159\u00edme na sch\u00e9ma &#8220;p\u0159evod akci\u00ed&#8221;, kter\u00e9 tvo\u0159\u00ed velk [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":63736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,27],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61491"}],"collection":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/comments?post=61491"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61491\/revisions"}],"predecessor-version":[{"id":63737,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61491\/revisions\/63737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media\/63736"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media?parent=61491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/categories?post=61491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/tags?post=61491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}