Garai Quoted on Shotgun Clauses

05 March 2009 Wall Street Journal Private Equity Beat News

Foley Partner and Chair of the Private Equity & Venture Capital Practice Gabor Garai was quoted in an article that appeared on the Wall Street Journal Private Equity Beat blog titled “The Prenups Of The Corporate World” on March 5, 2009. Garai provides insight into corporate “shotgun” clauses, in which one business partner wants to break from the other and buy out the company. Garai notes that the clause aims to keep things fair in anticipation of a rift, adding that roughly 80% of shareholder agreements include shotgun clauses.

Related Services


What’s Next for Blockchain and Crypto?
01 December 2022
Innovative Technology Insights
Case Law Update: Disputes Relating to Supply Chain Disruptions Hit the Courts
01 December 2022
Manufacturing Industry Advisor
Foley Partner André Thiollier Moderates Global Venture Market Session at BayBrazil Conference
01 December 2022
Foley Ignite
Podcast Episode 96: Eric Williams, Associate
01 December 2022
Foley Career Perspectives
What You Should Know About Payor/Provider Convergence
25-26 January 2023
Los Angeles, CA
ATA EDGE2022 Policy Conference | American Telemedicine Association
7-9 December 2022
Washington, D.C.
CLE Weeks
5-16 December 2022
Milwaukee, WI
Foley Sponsors Ernst & Young Entrepreneur of the Year® Program
1 December 2021 - 30 November 2022
Michigan and Northwest Ohio Region