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Actual problems of Russian law
Reference:

Danilenko, E.M. Legal regulation of legal relation on purchase by the joint stock company of its emplaced shares in Ukraine and in Russia: problems and possible solutions

Abstract: The article includes comparative analysis of legal regulation of legal relations regarding purchase by the joint stock company of its emplaced shares in Ukraine and in Russia. Such legal relations are regulated by the legislation on stocks and shares in both states, and while it is titled accordingly in Russia, in Ukraine the purchase of its shares by a joint stock company for remuneration is called repurchase of shares, and two types of repurchases are distinguished: on the initiative of the company (voluntary repurchase of shares) and on the initiative of a shareholder (obligatory repurchase of shares). It is proven in the article that there is theoretical and practical viability for the introduction of the said classification in Russia. Additionally, the author uncovers positive and negative features of legal regulation of the said legal relations in Ukraine and in Russia, proposing the measures to avoid these shortcomings. Finally, the author points out the provisions of the Russian legislation on regulation of legal relations regarding purchase by the joint stock company of its emplaced shares, which it would be worth for Ukraine to use, and which provisions of Ukrainian law could be adopted in Russia. The author also discusses the reforms, which both states should have in order to improve the legal regulation of the relevant legal relations, and to consequently guarantee the level of protection of interests of shareholders and joint stock companies.


Keywords:

proportional buyback of shares, methods of buyback of shares, voluntary purchase of shares, purchase of shares, comparative legal analysis, purchase of shares by the company, non-proportional purchase of shares, Ukraine, Russia, stocks and shares legislation.


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