Companies Law

Without prejudice to the provisions of assignment of interests or shares prescribed in accordance with the form of the company, partners or shareholders objecting to the conversion decision may withdraw from the company pursuant to a written request submitted to the company within 15 days from the issuance date of said decision. In such case, the value of their interests or shares shall be paid in accordance with the agreed-upon value or pursuant to a report prepared by an accredited valuer, or more, indicating the fair value of such interests or shares on the date of conversion, unless the company’s articles of incorporation or articles of association stipulate otherwise. The objecting person may, in case of dispute, resort to the competent judicial authority.