OREANDA-NEWS. April 25, 2013. The Government suggests intensifying protection of rights of investors. A respective draft law “On making changes to certain legislative acts of Ukraine with regards to protection of inventors’ rights” was approved at a session of the Cabinet of Ministers of Ukraine.

The draft law envisages including changes to the legislation targeting introduction of one of the most effective instruments of protection by participants of a corporation of their violated rights – a derivative lawsuit. As practice of many countries proves, just a mechanism of derivative lawsuit enables to bring to justice unscrupulous officials that act contrary to the interests of a corporation and have the support of a controlling participant (a shareholder) at this or are capable to block the work of general assembly in case of absence of the part of participants (shareholders).

There are envisaged a series of novelties concerning a right to appeal to court. In particular, participants, who appear co-owners of 5 and more percents of the share capital of the corporation, can address with a respective appeal in the interests of the corporation.