Changes To Russian Corporate Law: Additional Protection Of Creditors' Rights Upon Reduction Of Charter Capital And Introduction Of New Federal Register

February/March 2012
Pratt's Journal of Bankruptcy Law
This article explains changes to Russian corporate law which are aimed at improving regulation of the procedure for the reduction of the charter capital of Russian limited liability companies (“LLCs”) and boosting the protection of creditors’ rights upon a reduction in the charter capital of an LLC in the event of a disparity between the level of charter capital and the net asset value of the company.