Document background
The Shareholder Support Agreement serves as a crucial instrument in Danish corporate transactions and governance structures, typically employed in scenarios involving mergers, acquisitions, or significant corporate actions requiring shareholder approval. This document is particularly relevant when seeking to secure commitments from key shareholders to support specific corporate initiatives or maintain certain voting positions. Under Danish law, particularly the Danish Companies Act (Selskabsloven), such agreements must carefully balance contractual freedoms with mandatory corporate law provisions. The agreement typically includes detailed provisions on voting undertakings, transfer restrictions, and support obligations, while ensuring compliance with Danish regulatory requirements and market practices. It's commonly used in both private and public company contexts, though public company implementations require additional consideration of market abuse regulations and disclosure requirements.
