Shareholder Robbery, Russian Style
Institutional Shareholder Services ISSue Alert, p. 3, October 1998
6 Pages Posted: 27 Feb 2004
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.
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