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11 March 2010

Asters' Partner on a Workgroup Concerned with Finalizing Draft Law "On Limited Liability Companies"

In 2010, Asters Law Firm continues implementing its legislative leadership program. Along this line, partner Vadym Samoilenko is part of the workgroup set up under the guidance of the State Agency of Ukraine for Investments and Innovation and concerned with finalizing draft law No. 5507 "On Limited Liability Companies".

The workgroup also comprises people representing international organizations, law firms, institutional investors, specialized agencies, and international counsels. Regardless of certain drawbacks of the draft, the workgroup members consider it to be bound for the future. They further note that the enactment of a special corporate law to govern the existence of limited liability companies would become an ultimately progressive and important step towards improvement of the investment climate in Ukraine and further development of the national business law. The workgroup aims to submit the finalized draft to the Verkhovna Rada coming summer and believes it to be made into law by the end of the year.

One of the important components of Asters social program is providing support to law-making activities in Ukraine and promotion of the efforts aimed at building up a jural state. The firm lawyers extensively contribute to the drafting of a number of legal and normative acts.

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