20 May 2015
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.
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Legal Alert 20 May 2015 en (0.1 Mb)