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Shareholder Robbery, Russian Style

Bernard S. Black

Northwestern University - School of Law; Northwestern University - Kellogg School of Management; European Corporate Governance Institute (ECGI)

Institutional Shareholder Services ISSue Alert, p. 3, October 1998

This short op-ed-length article discusses one instance, characteristic of Russia's stock markets in the 1990s, in which an oligarch engaged in extensive self-dealing with a controlled company, to the severe detriment of minority shareholders, ignoring both the Russian company law and the company's own charter. Shareholder attempts to seek redress in the Russian courts were dismissed on such odd grounds that corruption is the only plausible explanation. I have updated the original article slightly to reflect facts not available at the time.

Number of Pages in PDF File: 6

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Date posted: February 27, 2004  

Suggested Citation

Black, Bernard S., Shareholder Robbery, Russian Style. Institutional Shareholder Services ISSue Alert, p. 3, October 1998. Available at SSRN: http://ssrn.com/abstract=510123

Contact Information

Bernard S. Black (Contact Author)
Northwestern University - School of Law ( email )
375 E. Chicago Ave
Chicago, IL 60611
United States
312-503-2784 (Phone)

Northwestern University - Kellogg School of Management
2001 Sheridan Road
Evanston, IL 60208
United States
847-491-5049 (Phone)
European Corporate Governance Institute (ECGI)
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