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Civil Code(Part I) Model Recommended Legislation of the Commonwealth of Independent States

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Chapter Summary

This chapter talks about the Model Recommended Legislation of the Commonwealth of Independent States (CIS). It reviews articles about legal persons and business partnerships and companies of CIS. The chapter also presents articles about securities. The original intention of the drafters was to produce two model laws in the area of securities and securities markets. The first model law "On the Circulation of Investment Securities" was intended to contain norms of a private-law nature related to the concept and forms of investment securities, basic principles of transactions with securities, and the registration of the rights in investment securities. The second model law "On the Securities Market" aimed at dealing with the public-law relations arising in the process of the issuance of securities, organization and operation of the securities market, the activities of professional participants in the securities market, and state supervision of the process of circulation of securities.

Keywords: Commonwealth of Independent States (CIS); investment securities; private-law; securities markets



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