CORPORATE CONTRACTS ARE AVAILABLE IN UKRAINE

The Law “On amendments to some legislative acts of Ukraine about corporate contracts” was passed by Parliament of Ukraine on March 23, 2017.
Nowadays, participants (shareholders) of the Company have an opportunity to conclude contracts regarding their further mutual running of business, including:
1. Voting agreement
2. Put option, call option, drag along, tag along regarding shares of the Company
3. Deadlock resolution
4. Rotation of officials
5. Non-competition provision
In accordance with mentioned document irrevocable power of attorney is available for shareholders of the Company.
Decisions of meeting of shareholders cannot be defined as invalid via violation of corporate contract, but in this case the suffered Party has an opportunity to demand reimbursement from another Party.