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The Draft Law “On Amendments to Certain Legislative Acts of Ukraine (Regarding Improvement of Corporate Governance in Joint Stock Companies)” 04.10.2013

The Draft Law “On Amendments to Certain Legislative Acts of Ukraine (Regarding Improvement of Corporate Governance in Joint Stock Companies)” introduces a number of important novelties designed to protect the rights of both majority and minority shareholders.

Such novelties include, in particular:

1. Improvement of the mechanism for determining the market value of issued securities;

2. Introduction of a sell-out mechanism: an obligation of the majority shareholder (hol

The Draft Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine Regarding Protection of Investors’ Rights” 04.10.2013

On September 17, 2013, the Verkhovna Rada of Ukraine adopted in the first reading the Draft Law “On Amendments to Certain Legislative Acts of Ukraine Regarding Protection of Investors’ Rights” as a framework document. This Draft Law provides for making amendments to the Commercial Procedural Code of Ukraine, the Civil Code of Ukraine, the Law of Ukraine “On Business Companies,” and the Law of Ukraine “On Securities and Stock Market”.

The analysis of the Draft Law shows that the amendm