At the Third Kazan International Legal Forum, Sergey Kovalev, Managing Partner of Kovalev, Tugushi & Partners, moderated and opened the session “Corporate Law: What lies ahead”, pointing out the key issues and trends in this legal sphere.
The main ideas from Mr. Sergey Kovalev's speech are:
1. Development of the institute of legal entity:
- Corporations and other forms of business organization are the basis of modern economic turnover, facilitating risk redistribution and capital concentration.
- Recent changes in corporate law caused by sanctions and counter-sanctions require increased control over corporate governance.
2. Imperative and dispositive regulation:
- Corporate law has gradually shifted from strict peremptory regulation to more dispositive regulation, allowing companies to decide internal issues on their own, but government interventions limit this freedom, making businesses uncomfortable.
3. Creation and use of legal instruments:
- The state has provided many legal instruments to implement business objectives, such as mutual funds, investment partnerships, etc., but it is important that the use of these instruments is recognized as legal and does not lead to recharacterization in bankruptcy proceedings or criminal cases, undermining trust in the legal system.
The panelists of the session were:
- Khabibullin Ildar, Managing Partner of A2K Legal LLC
- Naila Safayeva, Judge of the Eleventh Arbitration Court of Appeal
- Khabazi Tamaz, Head of M&A Practice of Nikolaev & Partners MCA
- Yulia Mogilenko, Director of the Issuer Service Center, JSC Register
- Orlov Andrey Orlov, Head of Dispute Resolution Practice at Regionservice Law Firm
- Elena Chasovskikh, Development Director, Portfolio Investment Management Company Ltd.
Video footage of the session: https://rutube.ru/video/173b1368ec5326852caa836410b09c46/?r=wd
The main ideas from Mr. Sergey Kovalev's speech are:
1. Development of the institute of legal entity:
- Corporations and other forms of business organization are the basis of modern economic turnover, facilitating risk redistribution and capital concentration.
- Recent changes in corporate law caused by sanctions and counter-sanctions require increased control over corporate governance.
2. Imperative and dispositive regulation:
- Corporate law has gradually shifted from strict peremptory regulation to more dispositive regulation, allowing companies to decide internal issues on their own, but government interventions limit this freedom, making businesses uncomfortable.
3. Creation and use of legal instruments:
- The state has provided many legal instruments to implement business objectives, such as mutual funds, investment partnerships, etc., but it is important that the use of these instruments is recognized as legal and does not lead to recharacterization in bankruptcy proceedings or criminal cases, undermining trust in the legal system.
The panelists of the session were:
- Khabibullin Ildar, Managing Partner of A2K Legal LLC
- Naila Safayeva, Judge of the Eleventh Arbitration Court of Appeal
- Khabazi Tamaz, Head of M&A Practice of Nikolaev & Partners MCA
- Yulia Mogilenko, Director of the Issuer Service Center, JSC Register
- Orlov Andrey Orlov, Head of Dispute Resolution Practice at Regionservice Law Firm
- Elena Chasovskikh, Development Director, Portfolio Investment Management Company Ltd.
Video footage of the session: https://rutube.ru/video/173b1368ec5326852caa836410b09c46/?r=wd