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Article

Современное развитие корпоративного законодательства

External large-scale and permanent changes determine the current development of law and legislation. In the context of global business national legal regimes continue to compete between each other. Those countries, who create a more comfortable legal environment, including ones in securities market and corporate governance, greatly win. This paper analyses current corporate and securities market legislation. Modern corporate laws in Russia are changing and gradually moving in several directions at the same time: activity of public and non-public companies, limited liability companies, exercising a shareholder information right. The main emphasis in article is to put on key aspects of the corporate law reform concerning an activity of public and non-public corporations in Russia and on a legal assessment of modified rules. The objectives of the paper are to identify the pivotal challenges met by the new corporate law, as well as understanding to what extent the Russian experience is correlated with similar processes in other countries and best international practices of corporate governance.