OREANDA-NEWS. August 31, 2011. The legislative amendments approved by the government will give more calmness to holders of all Moldovan joint-stock companies’ shares, - Dorin Dragutanu. The National Bank Governor said the NBM had participated in elaboration of this bill together with a number of ministries and departments. Besides, since the matter concerns the National Bank, the IMF pays special attention to, the Fund’s representative office was aware of the bill. Dorin Dragutanu said only one fourth of this document concerns the Law on financial institutions, the rest of it concerns alterations to other legislative acts.

They better protect rights of shareholders of all the country’s joint-stock companies, including banks. The NBM President urged not to focus only on the banking sector. He said these alterations expand the NBM’s authorities but only in terms of fulfillment of the Law on financial institutions, that sets conditions of change of owners of significant shareholdings of the country’s commercial banks (5- and more-percent shareholdings).

As it was reported earlier, at its meeting, the government had approved the legislative amendments called on to prevent raider attacks on joint-stock companies.

Particularly, law-enforcement officers are to execute only final decrees of courts, after the appeal procedures are completed, while until now, executors had a right, for example, to collect debts as shares basing on decisions of the primary court instance.