Ekaterina Dedova commented on new amendments to the Russian Civil Code. New amendments (effective from Sept. 1, 2014) to the Russian Civil Code (Chapter 4, Part 1) relate, among other things, to the classification of legal entities. A distinction is still drawn between commercial and non-commercial legal entities and there has been no major change to the legal forms of commercial entities: they include business partnerships and companies, as well as unitary enterprises. The only change is that business entities can no longer take the form of additional liability companies or closed joint-stock companies. Consequently, since Sept. 1, 2014, neither of these is an option for those who want to register a company.
Posted on: Wed, 24 Dec 2014 11:01:16 +0000