The Specific Share is a Mechanism for State Control over Privatized Institutions - a Comparative Legal Study

Abstract

In order to properly monitor state funds and protect its strategic interests in public companies that are being privatized, especially in the event that they fall into unsafe and undesirable hands, whether local or foreign, the legislator enabled it to have qualitative shares in the capital of these institutions in order to protect the national economy, as well as to allow public authorities to impose their control before it is too late in light of the slips that these institutions are experiencing, by enabling them to control the strategic decisions in public companies after their privatization. The privatization of public institutions is a reason for the emergence of these shares, which have been enshrined in many comparative laws such as Algerian, Egyptian, English and French law.