The report presented by BEFL Consultancy Director Yaroslav Geraskin at the workshop ‘Holdings: changes in legislation and experience of successful companies’ was devoted to the issue acute for holdings: ‘Interested-party transactions in holdings’. The workshop was arranged by ‘Joint-stock company: issues of corporate governance’ magazine and took place in Moscow on March 21, 2012.

Yaroslav Geraskin gave the participants of the workshop (among which were the representatives of JSC Aeroflot, JSC Aircraft Engineering Concern, JSC Control Systems and others) the full picture of approval procedure applied for interested-party transactions in Joint Stock Companies and Limited Liability Companies, and peculiarities of approval of interested-party transactions planned for the future at the general meeting of shareholders.

Yaroslav Geraskin believes that this subject remains acute due to the fact that lawsuits on challenging of interested-party transactions are very often used for purposes of ‘greenmail’ or damaging ongoing business by unethical practices of competitors.