Bellerage Alinga

Stricter rules for approving related party transactions

Stricter rules for approving related party transactions

The President of the Russian Federation signed amendments to the laws on JSC and LLC, which stipulates that voting at the shareholder's (participant's) general meeting upon approval of a transaction, votes of interested parties or parties controlled by interested parties will not be taken into account.

There was no reference to controlled parties in the previous version of the law.