CORPORATE CONTRACTS: THEORIES AND PRACTICES.
DO WE NEED A NEW THEORY?
E.A. CHIRKOVA,
PhD Student of the Department of Civil Law of the Faculty of Law
of the Lomonosov Moscow State University
DOI: 10.24031/1992-2043-2019-19-5-128-160
The author of the article presents the results of the research whether existent theories of
corporate contracts are able to embrace and explain the vast variety of corporate contracts
which are concluded in practice. The article explores the concept of corporate contracts
as contracts on execution of shareholders’ corporate rights. The author argues that the
only feature of corporate contracts as contracts on execution of shareholders’ corporate
rights is the fact that shareholders enter into the contracts concerning their corporate
rights. The concept was borrowed from Anglo-Saxon law. It appeared largely because
shareholders were viewed as owners of corporations or its property. As a result of exploring
of relationship between corporate contracts and articles of association the author suggests
the new theory of corporate contracts as contracts related to a corporation.
Keywords: corporate contract; shareholders’ agreement; articles of association;
shareholders.
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Information about the author
Chirkova E.A. (Moscow) – PhD Student of the Department of Civil Law of
the Faculty of Law of the Lomonosov Moscow State University (1 Leninskie Gory,
Bldg. 13 (4th education building), GSP-1, Moscow, 119991, Russia; e-mail: ea4irkova@
gmail.com).