Going Beyond: The Ultra Vires Problem in Russian Corporate Law

Columbia Journal of East European Law, Vol. 2, No. 1, pp. 128-141, 2008

15 Pages Posted: 12 Dec 2008 Last revised: 2 Jan 2009

Abstract

One of the important issues in corporate law is the ultra vires problem. If a corporation taking a certain action exceeds its legal capacity, can such an action be binding? Another but related question: If a corporate governing body or agent exceeds its authority, can its action be binding for the corporation? The common-law and civil-law systems provide somewhat different answers to these questions. In this article, I discuss the ultra vires problem as it stands in Russian corporate law, and, to a certain extent, compare the Russian understanding of the issue with those of the United States and Europe.

Keywords: corporate law, Russia, ultra vires

JEL Classification: K22

Suggested Citation

Budylin, Sergey, Going Beyond: The Ultra Vires Problem in Russian Corporate Law. Columbia Journal of East European Law, Vol. 2, No. 1, pp. 128-141, 2008. Available at SSRN: https://ssrn.com/abstract=1314719

Sergey Budylin (Contact Author)

Roche and Duffay ( email )

Petrovka 15/13
Second Floor
Moscow
Russia

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