Legal Alert: Ukraine improves protection of inves... | KPMG | UA

Legal Alert: Ukraine improves protection of investors’ rights

Legal Alert: Ukraine improves protection of inves...

20 May 2015

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On 5 May 2015 the President of Ukraine signed law No. 289-VIII dated 7 April 2015 (the “Law”), aimed at improvement of the legal framework for protection of investors’ rights in Ukraine. That Law presents a bulk of important changes into Commercial Procedural Code of Ukraine as well as corporate legislation of Ukraine. In particular, the Law introduces derivative action rules, which allow shareholders (participants) of a Ukrainian company to initiate a court action on behalf of the company against officers of the company to recover damages, and improves certain aspects of corporate governance rules in a joint-stock company.

 

Key changes:

 

  1. DERIVATIVATIVE ACTION RULES
  2. CORPORATE GOVERNANCE
  3. INTERESTED-PARTY TRANSACTIONS
  4. CORPORATE TRANSFORMATION
  5. DIVIDENDS PAYMENT

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 Legal Alert 20 May 2015 en (0.1 Mb)

 

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