Exploration of Shareholder Delisting in Limited Liability Companies: Centered on Human Harmony

Abstract

The limited liability company has exceptional human qualities; it has fewer shareholders and operates on a smaller scale, which makes its owners more prone to disagreements. Its distinctive corporate structure also makes shareholder removal a peculiar legal phenomenon. However, there is currently a gap in the building of this system in China's pertinent laws. In order to propose a more workable and practical way to enhance the shareholder exclusion system, this paper aims to clarify the fundamental idea of the shareholder exclusion system, discuss the necessity of constructing this system in China, and explore the reconstruction of substantive norms, specific procedural rules, and clear legal consequences based on the advanced legislative experience in Germany and judicial practice in China.