The Ministry of Economic Development is improving corporate law in the Russian Federation, so that attract technology companies.

      The Head of the Ministry of Economic Development and Trade, Maksim Oreshkin, proposed to create a mechanism of shares with different rights in Russia, including super-voting shares for founders and majority shareholders. These shares should retain control over the company after new investors enter into the capital. Upon the issue of super-voting shares, the new shareholders will not take an active part in the management of the company, but will receive dividends and a share of the property in case of liquidation.

      Find more about Russian laws and consult our attorneys.

      Besides, the Ministry of Economic Development proposes to introduce shares for top managers in Russian joint-stock societies: shares with veto power and special ones. Their holders will be able to vote only under certain circumstances.

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