fbpx

The Law on LLCs: red flags for top managers. GOLAW workshop results

New liability responsibility of top management of companies was the main topic of today’s workshop led by Max Lebedev, partner at GOLAW, head of corporate and M&A practice. Questions of responsibility of company directors according to the corporate legislation, as well as potential risks of non-compliance with the Law on LLCs were discussed during the event.

New liability responsibility of top management of companies was the main topic of today’s workshop led by Max Lebedev, partner at GOLAW, head of corporate and M&A practice. Questions of responsibility of company directors according to the corporate legislation, as well as potential risks of non-compliance with the Law on LLCs were discussed during the event.

According to Max, court practice on the matters governed by the Law on LLCs is currently being formed, however first decisions on significant transactions that are declared invalid already appear.

In addition, Max explained why top managers shall pay attention to the new grounds of their dismissal. “Business owners have been provided with a number of new opportunities to dismiss a director without compensation. Most executives do not adhere to the new rules, and therefore are risking of being left without severance package”, the speaker mentioned.

The speaker also emphasized that company executives need to pay more attention while performing their corporate functions. “The CEO position is not only very important and responsible, but it also carries enormous risks for the position holder. Most of these issues can be completely avoided, the main precondition is to fulfill the requirements of the Law in time”, said Max.

We thank the American Chamber of Commerce in Ukraine for the joint organization of the event.

See you!

Max Lebedev

Max Lebedev

Partner, Head of Corporate Law and M&A practice, Attorney at law

  • Recognitions
  • Best Lawyers in Ukraine 2021
  • The Legal 500 EMEA 2020
  • Ukrainian Law firms. A Handbook for Foreign Clients 2019
  • 50 leading law firms of Ukraine 2020

Related insights

GOLAW received exceptional results in the international legal ranking The Legal 500 EMEA 2021

15 April 2021 News

GOLAW received exceptional results in the international legal ranking The Legal ...

Read
GOLAW has successfully defended interests of a consumer of banking services in a dispute over protection of consumer rights

07 April 2021 News

GOLAW has successfully defended interests of a consumer of banking services in a...

Read
The GOLAW attorneys have amicably settled a labor dispute with one of the world's largest retailers

02 April 2021 News

The GOLAW attorneys have amicably settled a labor dispute with one of the world&...

Read
View all

We use cookies to improve performance of our website and your user experience.
Cookies policy Cookies settings

Please read the provisions of the privacy policy and the processing of personal data carefully Cookies policy.

I consent to the processing of personal data in accordance with the privacy policy and the processing of personal data

I want to receive a mailing

We use cookies to improve performance of our website and your user experience. Cookies policy Hide settings