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State corporations are likely to receive a new name
10.07.2015
Anna Kotova-Smolenskaya, Partner of the Law Firm "YUST", shared with the Kommersant newspaper her view on the Government’s decision to reorganize state corporations and state companies as a new type of non-commercial organizations – public law companies (PLCs).
The Government has recently published the amendments to the draft law “On public law companies” elaborated in 2013, which was supposed to, in the case of its adoption, improve the control over the state corporations. As the draft law got stuck in the State Duma, the organizational form of PLC was introduced in the Civil Code in September of 2014.
Anna Kotova-Smolenskaya says: “The Code does not explain the legal status of a PLC, so the adoption of a special law is required”. Still, she believes that, despite the skeptical attitude of the Property Committee of the State Duma towards the Government’s legal initiative, such reorganization will occur, because the norm has already been introduced into the Civil Code, and the state wishes to organize the variety of the established legal entities.
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Anna Kotova-Smolenskaya, Partner of the Law Firm "YUST", shared with the Kommersant newspaper her view on the Government’s decision to reorganize state corporations and state companies as a new type of non-commercial organizations – public law companies (PLCs).
The Government has recently published the amendments to the draft law “On public law companies” elaborated in 2013, which was supposed to, in the case of its adoption, improve the control over the state corporations. As the draft law got stuck in the State Duma, the organizational form of PLC was introduced in the Civil Code in September of 2014.
Anna Kotova-Smolenskaya says: “The Code does not explain the legal status of a PLC, so the adoption of a special law is required”. Still, she believes that, despite the skeptical attitude of the Property Committee of the State Duma towards the Government’s legal initiative, such reorganization will occur, because the norm has already been introduced into the Civil Code, and the state wishes to organize the variety of the established legal entities.
Read more
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