Abstract
A delisting can be a decision of the company, taken by the company ’ s board, with or without a shareholder ’ s resolution. A delisting can also be the consequence of a takeover bid, where the bidder declares that it wants to buy all the shares in order to delist the company and go private. However, delisting can also be the consequence of a decision by the regulator or the market operator (the stock exchange). The position of minority shareholders and their right to challenge the decision that leads to the delisting of the company ’ s shares depends on the given scenario. A separate analysis is therefore necessary.