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CISModel Legislation and Its Contributions to Company-Law Reform and Harmonization

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Chapter Summary

This chapter provides a brief summary of some general problems of legal reform observed over the last decades, intended to serve as a background against which the Commonwealth of Independent States (CIS) model-law process. The process of post-communist legal transformation has provided abundant material for debates on the theory and practice of legal reform worldwide. The adoption of model legislation is an expression of the effort to promote legal uniformity in the post-Soviet space in the new conditions of independent statehood and diverging economic and legal development trajectories. The approximation or harmonization of domestic laws was gradually recognized as an important area of cooperation in the new landscape of the CIS. The chapter discusses instruments and organization of the CIS harmonization process. The CIS model-law process offers a range of advantages to domestic legislators both in terms of the method of reform and the resources it can mobilize.

Keywords: CIS harmonization process; CIS model legislation; Commonwealth of Independent States (CIS); company-law reform



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