Civil Code Reform on Companies


Special Alert:

On 5 May 2014 the President signed Federal Law No. 99-FZ which introduces certain amendments to Chapter 4 of Part One of the Civil Code and removes certain provisions from Legislative Acts of the Russian Federation (the “Law”).

The Law introduces significant amendments to Chapter 4 of the Russian Civil Code on legal entities. In this update we discuss those amendments relating to: (i) the introduction of new types of companies; (ii) the procedure for expelling a participant form a company, restoring corporate control and bringing class actions by the company’s participants; (iii) the obligation of the company to certify the decisions of the general meeting of the participants; (iv) the types of the company’s sole executive bodies; (v) certain aspects of the liability of the members of the company’s management bodies; (vi) company reorganizations; and (vii) aspects of corporate agreements.

The Types (Organizational Forms) of Companies -

According to the amendments, as of 1 September 2014, there will be three main types of companies in Russia (Articles 65.1, 66, 66.3 of the Civil Code)...

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© White & Case LLP | Attorney Advertising

Written by:


White & Case LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.