Shares cannot be ownerless

The Arbitration Court considered a case on the claim of JSC Stanovik to recognize the shares of minority shareholders who had not participated in meetings for over 10 years as ownerless. The court pointed out that shares cannot be ownerless, as they are always registered to a specific owner in the register. To resolve the corporate conflict with the “missing” shareholders, the court suggested a mechanism for excluding a participant or repurchasing shares by the company. The case has been returned to the first instance court. 

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