ARMENIA Law and Practice Contributed by: Hayk Hovhannisyan and Tachat Voskanyan, HAP
11.2 Aims of Activists Activist shareholders typically pursue various goals. One goal may involve creating obstacles to the company’s activities, forcing other share - holders to alienate their shares on favourable or desirable terms, or becoming a shareholder of a competing organisation through another person and subsequently using the shares to push the competitor out of the market. 11.3 Interference With Completion One can consider the filing of artificial lawsuits – that, for example, aim to prevent the registration of ownership rights to shares – as interference with completion.
• voted against a company reorganisation deci - sion; or • did not participate in the voting, has the right to: • demand the market value assessment of their shares; and • request the company to repurchase all or part of their shares as prescribed by law. If the shareholder disagrees with the repurchase price, they can apply to the court for a revalua - tion of the shares within three months from the payment date set by the company.
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