Changes in Federal Law “On Limited Liability Companies” – amendments to the by-laws of all Russian companies required

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On December 30, 2008 several important

changes were introduced into the Federal

Law “On limited liability companies” which

comes into force starting from July 1, 2009.

The importance of these changes is caused

by the necessity of amending the by-laws of

all existing limited companies to make them

compliant with the new Law. Beginning from

July 1, 2009 articles of association and

foundation agreements of companies will be

applied only in the part, which does not

contradict the new norms.

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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.

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