New Mechanisms of Protection of Minority Shareholders' Rights upon Issuance and Redemption of Shares
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Key takeaways:
- A new law has been adopted in fulfilment of the Improvement of Corporate Governance Roadmap of the Russian Government.
- The Law introduces new mechanisms of protection of minority shareholders’ rights upon issuance of additional shares and issuable securities convertible into shares, and modifies the rules for determining the price to redeem shares upon shareholders’ demand.