S&K Vertical Attorneys have achieved a resonant victory in the Supreme court in two beneficiary rights cases

9 may 2016

The Supreme Court considered two disputes related to the conflict surrounding Bank Aspekt, and started an entirely new line in corporate law jurisprudence.

In this case, the Chamber on Economic Disputes of the Supreme Court has recognized that the decisions of general meetings of companies may be challenged not only by shareholders, but also by beneficiaries, i.e. a person indirectly (through a "chain of companies") owns shares or stocks in a company.

In addition, on April 26, the Supreme Court also considered the second case as to whether the same beneficiary may challenge the transactions for disposal of the company’s assets.

Overall, the Supreme Court has quashed the decisions of 5 court instances.

Links to the materials in mass media:

http://www.kommersant.ru/doc/2973471

http://pravo.ru/court_report/view/128532/

https://legal.report/article/26042016/verhovnyj-sud-zastupilsya-za-konechnogo-beneficiara

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