top of page


PhD Student of the Department of Private International and Civil Law
of the MGIMO University

DOI: 10.24031/1992-2043-2019-19-3-154-170

The article contains analysis of the scope of the concept of corporate control under
Russian law and, accordingly, of the scope of the claim for recovery of corporate
control. The author considers that the applicable law and court practice show that
corporate control comprises the capacity of the shareholders to appoint the company
management, and also – that all shareholders possess corporate control proportionate
to their share in the company. Both due to these theoretical considerations, as well as to
a number of practical issues, the author suggests that the claim for recovery of corporate
control may be an adequate remedy in cases of bad-faith appointment of the company
management, additional share issue or increase of the charter capital aimed at dilution
of the stakes held by particular shareholders.

Keywords: corporate control; board of directors; additional share issue; shareholder


Глушецкий А.А. Корпоративный контроль участников хозяйственного обще-
ства [Glushetskiy А.A. Corporate Control of the Stakeholders over a Business Entity]
(in Russian) // Business and Law. 2013. No. 12.
Кулагин М.И. Избранные труды по акционерному и торговому праву [Kulagin M.I.
Selected Works on Company and Trade Law] (in Russian). 2nd ed. Moscow: Statut,
Маковская А.А. Восстановление корпоративного контроля в системе спосо-
бов защиты корпоративных прав [Makovskaya A.A. Recovery of Corporate Control
in the System of Corporate Law Remedies] (in Russian) // Civil Law Review.
2009. No. 1.
Сарбаш С.В. Восстановление корпоративного контроля [Sarbash S.V. Recovery
of Corporate Control] (in Russian) // Civil Law Review. 2008. No. 4.
Суханов Е.А. Вещное право: научно-познавательный очерк [Sukhanov E.A.
Rights in Rem: An Academic and Educational Essay] (in Russian). Moscow: Statut,
Суханов Е.А. Комментарий к статьям 65.1–65.3 ГК РФ (в ред. Федерального
закона от 5 мая 2014 г. № 99-ФЗ) [Sukhanov E.A. Commentary to Articles 65.1–
65.3 of the Russian Civil Code (as amended by the Federal Law of 5 May 2014
No. 99-FZ)] (in Russian) // Civil Law Review. 2014. No. 3.
Цепов Г.В. Вознаграждение члена совета директоров: контрактный подход
[Tsepov G.V. Board Member Compensation: The Contractual Approach] (in Russian)
// Law. 2018. No. 4.
Bayne D.C. A Philosophy of Corporate Control // University of Pennsylvania
Law Review. 1963. Vol. 112. No. 1.
Bayne D.C. The Definition of Corporate Control // Saint Louis University Law
Journal. 1965. Vol. 9. No. 1.
Berle A.A., Jr. “Control” in Corporate Law // Columbia Law Review. 1958. Vol. 58.
Berle A.A., Jr., Means G. The Modern Corporation and Private Property. New
Brunswick, N.J.: Transaction Publishers, 1932.
Flannigan R. Control and the Control Basis of Legal Relationships and Business
Organizations // Saskatchewan Law Review. 1989. Vol. 53.
Jennings R.W. Trading in Corporate Control // California Law Review. 1956.
Vol. 44. No. 1.
Varottil U. Comparative Takeover Regulation and the Concept of “Control” //
Singapore Journal of Legal Studies. 2015.

Information about the author

Zotova E.K. (Moscow) – PhD Student of the Department of Private International
and Civil Law of the MGIMO University (119454, Moscow, Prospect Vernadskogo,
76; e-mail:

bottom of page