Thursday, July 1, 2010

Amendments to Criminal Code of Russia

Russian President Dmitry Medvedev today said that he approved changes to the Criminal Code and Criminal Procedure Code in terms of raiding. "Raiding is difficult and very dangerous crime. It essentially strangles the economy. In addition, recently the number of such crimes has increased," - the President said at a meeting with Interior Minister Rashid Nurgaliyev.

Approved amendments criminalize activities related to raiding, that is, seizure of property, economic and moral rights, funds of enterprises. Criminal prosecution is also subject to the provision of fake documents to the executive branch. In addition, the law criminalized such acts as deliberate misrepresentation of voting results at a general meeting of shareholders. The changes should allow to bring to justice raiders at the early stages of raider attacks. 

"Before we faced with the fact that the property already seized by criminal means. The law will seriously change the situation in this sector. I believe that this changes will significantly advance the work to identify, prevent and struggle such crimes," - Nurgaliyev said.

Nat Lawyer
Unel Legal Consulting

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