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Access of minority shareholders to the corporate documents may be limited

DATE: June 16, 2017 | AUTHOR: atlawyers

Major Russian companies signed a letter to the President, proposing to limit access of minor shareholders (less than 1%) to the internal documents of a company for the exception of constitutional documents. Authors believe that Shareholders’ rights may be used in bad faith. On the other hand, limitation of such rights may also limit shareholders’ rights to protect their interests, mainly their right to claim the management for damages as the damages will be very difficult to prove.

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