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How to Determine Whether a Shareholder’s Exercise of the Right to Information Has an Improper Purpose?

On September 7, 2021, a shareholder right-to-information case represented by our firm will be heard again in court.

Previously, the opposing party submitted evidence to the court in an attempt to prove that the plaintiff’s exercise of the right to information was for an improper purpose. However, in reality, neither of the plaintiff’s purposes for exercising the right to information is improper:

1.As a shareholder, the plaintiff seeks to understand the company’s true financial and operational conditions by exercising the right to information.

2.The plaintiff aims to clarify the company’s asset status through the exercise of the right to information, providing a foundational basis for evaluating the economic feasibility of a future exit plan.


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