Transactions on Alienation of Shares in the Chartered Capital of Limited Liability Companies
Abstract
Legislative regulation of transfer of shares in the chartered capital in limited liability companies (hereinafter LLC) are regulated by article 21 of the special law “On Limited Liability Companies” (further LLC). Transactions with shares often occur in practice which is directly related to the economic interest of the LLC members. In recent years there have been major changes in the normative regulation of the procedure for making such transactions. The reforms of corporate legislation are being conducted; of establishing and development corporate economic is developing culture; the practice of corporate agreements is improving. This process is of interest to civil law. Attention of civil law specialists is drawn to the manipulation of the capital of legal entities, by corporate agreements containing prohibitions and restrictions on the free disposition of shares in the capital of limited liability companies. This article analyzes the theoretical and practical problems of shares carve - out in the chartered capital of LLC with the special emphasis of the role of the notary in the closure of the transaction.DOI 10.14258/izvasu(2016)3-25
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References
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