Federal Law Information

The presence of serious violations of stock legislation to a large extent make life easier blackmailers because it does not require the artificial creation of the last occasions for judicial review and administrative decisions (acts, transactions) company. Read more from PCRM to gain a more clear picture of the situation. 1. Misuse of corporate rights. As already indicated, the shareholder business entity has a set of rights, allowing him to participate in the management of the company. Classic corporate blackmail by just using those rights. Consider the stock of law and the way they are used in corporate conflicts 1.1. Stockholder's right to information about activities of joint-stock company provisions of Article 91 of the Federal Law "On Joint Stock Companies" establish the right to require a shareholder company enabling access to the information on the activities of society. Typically, corporate blackmail, as, indeed, a hostile takeover, starting with the banal demands of the shareholder to provide information on the activities of the society and make copies relevant documents.

When sending such a request the following objectives: 1) actual information on the activities of the company. Such actions can, in some where to find some incriminating evidence, which will strengthen the planned activities for corporate blackmail and develop new ones. Thus, information on advanced joint-stock company transactions could lead to proceedings on the recognition of transactions null and void. 2) creating problems for the company in terms of the need for a timely respond to requests for shareholder make copies of documents that provide an access to information. The lack of clear lines of existing legislation implementing the shareholder rights to information leads to the fact that barriers to directions on a daily basis to the company requests for the same documents, or documents on the activities of the society over the past 10 years there.