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Sweeping Changes in Legal Regulation of Joint Stock Companies in Ukraine

18 Mar 2011 4:54 PM | Deleted user

On 2 March 2011, the Law of Ukraine on improving the regulation of joint stock companies, dated 3 February 2011 No.2994-VI (the "New Law") was officially published and became effective (except for certain provisions which shall enter into force as of 1 January 2012). It makes significant amendments to the Law of Ukraine on joint stock companies (the "JSC Law") and is ultimately aimed at further developing existing legislative provisions on joint stock companies, enhancing protection of rights and interests of shareholders, creating new impediments to raider attacks, and solving problems and curing irregularities arising in the corporate governance area upon implementation of the JSC Law.
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