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Florida Journal of International Law

Abstract

This article focuses on legal aspects of the present privatization schemes such as transformation of State-owned enterprises into mixed companies with the participation of their employees and other shareholders. In addition, it discusses briefly other forms of indirect privatization of or “genuine socialization” of State property such as leasing state enterprises by management or employees.

Structural aspects of privatization analyzed in this article include relations between the management and the Employee Council (ECs), the institutional control of the process of denationalization, and the future role of foreign investors in the securities market.

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