By Millikan R. A.

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135 Finally, it should be noted that important contributions to the drafting of the law were made during the stage of its review by various international and CIS scholars and practitioners, including representatives of the SCCPL. , the OECD Principle of Corporate Governance. cit. note 9; G. Maassen and R. Dragneva, “Cumulative Voting and the Protection of Minority Shareholders in the CIS”, in this book; D. Karapetyan, “Protection of shareholder Rights in Special Circumstances”, in this book. cit.

A new approach in the conception of this law was the decision to draft it as a set of model provisions aiming to cover important aspects of investor protection. KQJPNEAO =O =HNA=@UIAJPEKJA@ D=@=@KLPA@H=SO >APDAU=P@EɳANAJPHARAHOKBI=PQNEPU  in the mentioned areas. Thus, the idea was that domestic legislators would 128 Among them were some of the authors contributing to this book, namely D. Karapetyan, R. -J. Schramm and G. Maassen. 129 The EBRD (with money from the Dutch Technical Cooperation Fund) and, in small part, by GTZ, and coordinated by CILC.

EAO PPDAO=IAPEIA SDEHAPDADKLAONAC=N@EJC@ARAHKLIAJPOEJ the sub-regional groupings were (and remain) high, to date they have not demonstrated any greater progress than steps to form free-trade areas. These developments are important in several ways. =CAJ@=KRANPDAH=OP­BPAAJUA=NOD=OJKP shown a clear continuity, let alone the sense of irreversibility that the EJPACN=PEKJAɳKNPEJPDAEU, for example, seeks to engender. 82 This uncertainty has the potential to 79 Agreement on the Free-Trade Area of 15 April 1994, amended by a Protocol of 2 April 1999.

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