Russian corporate law needs order - expert
MOSCOW, December 2 - RAPSI. The authors of amendments to the Civil Code seek to bring order to the corporate law, Yevgeni Sukhanov, Head of the Presidential Council for Codification of Legislation's working group, said at the "Law and Modernization: Experience, Prospects, Trends" international legal conference.
The conference is organized by the Russian Legal Information Agency (RAPSI/rapsinews.com) and RIA Novosti.
"I would like to describe in most general terms what we would like to have and what we presently have. Simply speaking, we would like our civil legislation to be well-regulated," Sukhanov said opening the discussion on the corporate law.
Supreme Commercial Court Chairman Anton Ivanov said that Sukhanov used to head the group for legal entities law improvement at the Presidential Council for the Codification of the Civil Legislation.
According to Sukhanov, the task of his group is to improve property law, legislation on legal entities and obligations provisions.
Sukhanov said his group managed to push through the law on the new types of business namely business partnership and investment fellowships.
Additionally, an expert said that lawyers are also interested in developing efficient and flexible corporate law, since, otherwise, all serious cases concerning structuring of major transactions and arbitrations are heard abroad.
He also said the regulative authorities are also interested in the examination of disputes in Russia rather than abroad.
Experts also said that tax legislation and administrative procedures should be improved for the successful functioning of businesses.
The "Law and Modernization: Experience, Prospects, Trends" international legal Conference opened in Moscow on Thursday. The two-day event is organized by the Russian Legal Information Agency (RAPSI) jointly with RIA Novosti.
Over 200 lawyers are expected to take part in the event. Supreme Court Chairman Vyacheslav Lebedev and Audit Chamber Chairman Sergei Stepashin opened the conference.
The conference's primary objective is to create a forum to launch a dialogue between the many parties affected by the legal sector, such as lawyers, economists, scholars and businessmen. Among the invitees are leading legal experts from the Justice Ministry, international law firms, business associations and legal publications.
The conference will discuss pressing legal issues in the global social, economic and political context. Priority issues of discussion will include legal business development and management, legal practice models, government policy measures to modernize the legal system and the activities of legal market players.