The Law on Decrease of the Quorum of Joint Stock Companies in Ukraine

Squire Patton Boggs,
Kyiv, Ukraine, Tue, Feb 3, 2015

On 13 January2014, the Ukrainian Parliament approved the new law on decrease of the quorumfor joint stock companies (JCS). The law is in force from 31 January 2015. 

The law providesthat, beginning 1 January 2016, the quorum for general shareholders meetings ofpublic and private joint stock companies will be decreased from 60% to 50% + 1vote. 

For joint stockcompanies in which the State owns more than 50% of ordinary shares, the quorumwill be decreased from the date the law came into effect, that is from 31January 2015.

If you have anyquestions about this law, please contact your principal Squire Patton Boggslawyer or one of the individuals listed in this publication.