Kalikova & Associates provided expert assistance to the Ministry of Economy of the Kyrgyz Republic in drafting amendments introducing a board of directors in limited liability companies
Kalikova & Associates provided expert assistance to the Ministry of Economy of the Kyrgyz Republic in drafting the bill proposing amendments to the Civil Code and the Law on Business Partnerships and Companies. The bill introduces the right of the founders/participants of limited liability companies to form the board of directors and to determine the status and powers of members of the board of directors in the structure of governing bodies of the company. The bill passed through first reading in the Parliament on March 12, 2015.