News
ILF law firm organized a seminar “Transformation of JSC: a game under new rules. Practical tips to choose an optimal form of business”, which was held on July 21, 2010 at the ILF conference center in Kharkiv.
ILF lawyers provided clarifications and recommendations on transformation of joint-stock companies for top managers of Ukrainian companies
ILF law firm organized a seminar “Transformation of JSC: a game under new rules. Practical tips to choose an optimal form of business”, which was held on July 21, 2010 at the ILF conference center in Kharkiv. The event was aimed at informing top managers, heads of financial and legal departments on alterations in the Law of Ukraine “On Joint Stock Companies”. In particular, the new edition provides the mandatory separation of public and private JSC, prohibits emission of certificated shares, and reestablishes dividend payment procedures and the rules of shareholder meetings.
The head of Kharkiv regional administration of the Securities and Stock Market State Commission Valentyna Stepanova explained the ways to avoid any complexities during the process of reorganization. ILF senior partner Olena Kibenko told about advantages and disadvantages of public and private joint stock companies. She also recommended not to haste with defining an organizational form, since there are still several contradictory issues in the Law, which may be clarified by adopting additional provisions. ILF senior lawyer Olena Kolisnychenko presented a report “Why a JSC? Pros and cons of other business forms: a limited liability company, an additional liability company, a private enterprise, a commandite company”, and revealed the aspects of transformation into other business entities.
The reports were followed by a lively discussion, during which the experts answered all the questions of the participants, and named practical examples of JSC reorganization. The event ended by a coffee break for the guests and speakers.
The head of Kharkiv regional administration of the Securities and Stock Market State Commission Valentyna Stepanova explained the ways to avoid any complexities during the process of reorganization. ILF senior partner Olena Kibenko told about advantages and disadvantages of public and private joint stock companies. She also recommended not to haste with defining an organizational form, since there are still several contradictory issues in the Law, which may be clarified by adopting additional provisions. ILF senior lawyer Olena Kolisnychenko presented a report “Why a JSC? Pros and cons of other business forms: a limited liability company, an additional liability company, a private enterprise, a commandite company”, and revealed the aspects of transformation into other business entities.
The reports were followed by a lively discussion, during which the experts answered all the questions of the participants, and named practical examples of JSC reorganization. The event ended by a coffee break for the guests and speakers.
