From September 1, shares in Russian LLC’s may be sold without compliance with the preemptive right of other participants
Amendments come into force on September 1, making it possible to provide in the Charter of LLC provisions that the preemptive right does not apply to all or some participants, as well as provisions that the application of the preemptive right is conditioned by the certain circumstances, the period or their combination.
Such provisions may be included in the Charter of LLC by a unanimous decision of the general meeting of the LLC’s participants, certified by notary public.