Final answer:
In Corporate Law, being "locked in and frozen out" refers to minority shareholders being excluded from management and facing difficulty selling shares. Remedies involve legal action or negotiation for fair compensation. This concept is associated with the challenges of evolving restrictive practices and laws impacting corporate governance and competitiveness.
Step-by-step explanation:
In the context of Corporate Law, the phrase "locked in and frozen out" typically refers to a situation where minority shareholders are prevented from participating in the management or decision-making processes of a company, and cannot sell their shares easily. This situation can arise from various corporate actions or the use or misuse of controlling power by majority shareholders. Remedies for such situations can include seeking a buyout at a fair value, arbitration, or litigation to ensure that the rights of minority shareholders are protected and that any oppressive or unfair conduct by the majority is addressed. For example, shareholders might argue that their rights are being infringed upon restrictive practices that are evolving, leading to uncertainties in legal interpretations.
Similar issues are reflected in the evolution of restrictive practices in corporate environments, where laws continually change, affecting both competitiveness and employment practices. A law can have unintended consequences, such as discouraging hiring if the costs associated with layoffs are excessively high, a phenomenon seen in France with companies avoiding to cross the 50-employee threshold to sidestep labor regulations requiring worker councils and profit sharing.