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  • February 2004
  • Case
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Czech Mate: CME and Vladimir Zelezny (A)

By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
  • Format:Print
  • | Pages:13
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Abstract

This case examines how insiders can expropriate value from shareholders in emerging markets when property rights are ill-defined. As such, it provides a platform for considering how institutions and legal rules impact financing patterns and economic outcomes. CME, controlled by the former U.S. Ambassador to Austria, Ronald Lauder, and its Czech partners win the bidding for the first private broadcast frequency with national coverage in the Czech Republic in 1993. After the entity succeeds dramatically, the primary Czech partner wants to sell his share in the operating company. CME must decide whether to buy the stake and at what price.

Keywords

Developing Countries and Economies; Fairness; Financial Institutions; Corporate Governance; Rights; Ownership Stake

Citation

Desai, Mihir A., Alberto Moel, and Kathleen Luchs. "Czech Mate: CME and Vladimir Zelezny (A)." Harvard Business School Case 204-118, February 2004.
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About The Author

Mihir A. Desai

Finance
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Related Work

    • February 2004
    • Faculty Research

    Czech Mate: CME and Vladimir Zelezny (B1)-CME Negotiates

    By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
    • February 2004
    • Faculty Research

    Czech Mate: CME and Vladimir Zelezny (B2)-SBS Negotiates

    By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
    • February 2004
    • Faculty Research

    Czech Mate: CME and Vladimir Zelezny (B3)-Zelezny Negotiates

    By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
    • February 2004
    • Faculty Research

    Czech Mate: CME and Vladimir Zelezny (C)-The Struggle for Control

    By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
    • February 2004
    • Faculty Research

    Czech Mate: CME and Vladimir Zelezny (D)-Resolution

    By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
    • January 2005
    • Faculty Research

    Czech Mate: CME and Vladimir Zelezny (E) - CME Returns

    By: Mihir A. Desai and Kathleen Luchs
Related Work
  • Czech Mate: CME and Vladimir Zelezny (B1)-CME Negotiates By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
  • Czech Mate: CME and Vladimir Zelezny (B2)-SBS Negotiates By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
  • Czech Mate: CME and Vladimir Zelezny (B3)-Zelezny Negotiates By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
  • Czech Mate: CME and Vladimir Zelezny (C)-The Struggle for Control By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
  • Czech Mate: CME and Vladimir Zelezny (D)-Resolution By: Mihir A. Desai, Alberto Moel and Kathleen Luchs
  • Czech Mate: CME and Vladimir Zelezny (E) - CME Returns By: Mihir A. Desai and Kathleen Luchs
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