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On Joint-Stock Companies Model Recommended Legislation of the Commonwealth of Independent States

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Chapter Summary

This chapter discusses articles relevant to the recommended legislation of the Commonwealth of Independent States (CIS). The recommended legislation of the CIS contains the basic principles of an agreed upon legislative policy on joint-stock companies, including the creation, activities, and termination of activities thereof. Its aims are developing this organizational-legal form of business and strengthening protection of the interests of shareholders. It is intended to create standardized conditions, corresponding to global practice, for promoting market relations and international cooperation on the territory of the member states of the CIS. The chapter provides an overview of the circumstances of adoption and the main features of the most important CIS model laws contributing to the regulation of joint-stock companies.

Keywords: Commonwealth of Independent States (CIS); joint-stock companies; shareholders



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