06.02.2015

Legal Capital Partners prepared a series of amendments providing for facilitation of the share and option issue procedure
Legal Capital Partners prepared a series of amendments providing for facilitation of the share and option issue procedure to be carried out by private joint stock companies, as well as for facilitation of the share and option issue procedure caused by the change of status by joint stock companies

Legal Capital Partners, in the context of a comprehensive reform on perfection of Russian legislation, regulating the activities of joint stock companies and limited liability companies, has worked out a series of amendments providing for facilitation of the share and option issue procedure to be carried out by private joint stock companies, as well as for facilitation of the share and option issue procedure caused by the change of status by joint stock companies.

Roman Zhirnov, senior associate at Legal Capital Partners’ St. Petersburg office, presented the amendments as well as groundings for their adoption and participated in discussion held under the aegis of the Public Government of the Russian Federation and the Ministry of Economic Development and Trade by the working group consisting of the representatives from the expert community.

Should the proposed draft be successfully supported by a number of other ministries and governmental agencies and adopted during the spring session of the State Duma of the Federal Assembly of the Russian Federation, the abovementioned amendments will come into force starting from July 1, 2015.

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