Overview

In January 2012, the Federal Law 'On Organised Trades' came into force. The law governs the relationships that arise when trades are organised on commodities and financial markets. It establishes requirements on those organising such trades, and on the members, management bodies and employees of the organiser of the trades. Additionally, it defines the fundamentals for the state regulation of and control over this activity. In this briefing, Pepeliaev Group describe the effects of the new legislation, including a detailed examination of the following:

• a new type of commercial organisation has appeared;


• the Federal Law 'On Investment Partnerships' has been adopted;


• amendments have been adopted to the law on non-profit organisations;


• amendment to procedure for business companies to pay dividends;


• clarifications published regarding procedure for inheriting participation interests in the issued capital of limited liability companies;


• expiry of term of office of a company's CEO does not give rise to legal implications;


• grounds for liquidating a company; and


• grounds for calculating a penalty under article 333 of the Russian Civil Code.

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