Amendments to the Law on Limited and Additional Liability Companies

The law is amended by the article stating that in the event of irreconcilable disagreements between the participants in a company regarding the management of a company due to an insufficient number of votes to make a decision, the dispute shall be resolved the court. Moreover, there has been introduced amendments providing for an obligatory audit of companies with a book value of assets in the amount of more than one hundred thousand base calculation value (approx. USD 2,400,000 as of January 20, 2020).

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