Doctor of Legal Sciences, Professor,
Honored Scientist of the Russian Federation, Head of the Department of Civil Law
of the Law Faculty of the Lomonosov Moscow State University,
Editor-in-Chief of the Journal “Civil Law Review”

DOI: 10.24031/1992-2043-2019-19-6-22-34

The article analyzes the main features of the civil law status of legal entities, primarily
business entities, in the original version of Chapter 4 of Part One of the Civil Code
of the Russian Federation of 1994, in comparison with the current version of the
relevant norms in 2014. The value of the authorized capital of a business company and
constituting of his property as a minimum guarantee for the creditors of the company,
as well as the exclusive competence of the general meeting of the joint stock company as
one of the ways to protect the interests of minority shareholders is shown. The division
of joint-stock companies into public and private, and all business companies into public
and non-public ones, as well as the absence in the current civil law of carefully thought
out regulation of the relationship between the main, subsidiary and dependent business
enterprises, borrowed from American corporate law, is criticized. The critical attitude
to the concept of “economic analysis of law” is substantiated.

Keywords: joint-stock company; state registration; Civil Code of the Russian Federation;
share in the authorized capital; subsidiary; dependent society; exclusive competence;
commercial organizations; corporate governance; parent company; general meeting;
limited liability company; authorized capital; entity.


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Information about the author

Sukhanov E.A. (Moscow, Russia) – Doctor of Legal Sciences, Professor, Honored
Scientist of the Russian Federation, Head of the Department of Civil Law of
the Law Faculty of the Lomonosov Moscow State University, Editor-in-Chief of the
Journal “Civil Law Review” (1 Leninskie Gory, Bldg. 13 (4th education building),
GSP-1, Moscow, 119991, Russia; e-mail: civil@law.msu.ru).

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