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News

07 April 2015, 14:09

Verkhovna Rada of Ukraine adopts Law “On introduction of amendments into some legislative acts of Ukraine as to protection of investors’ rights”

( Information Department of the Verkhovna Rada of Ukraine Secretariat )

In particular, the Law envisions enhancement of protection of rights of investors through:

 

    introduction of minority investor’s right to appeal in interests of enterprise in compensation of losses;

    introduction of responsibility of officials of economic entities in case of inflicting losses to economic entities as a result of their [officials’] illegal actions;

    enabling appealers to receive compensation from economic entity for losses the appealers suffered as a result of judicial consideration of the case opened upon their appeal against an official of the economic entity aimed at compensation of losses inflicted to the economic entity — the amount of the compensation should be within the actual amount of losses inflicted to the economic entity;

    introduction of the institution of “independent directors,” who will represent interests of minority stockholders at public joint-stock companies;

    introduction of detailed settlement of contracts of interest that would take in account interests of all stockholders.

 

Respective draft law was registered under No. 2259.