LAW OF UKRAINE

of March 15, 2006 No. 3528-IV

About holding companies in Ukraine

This Law determines general bases of functioning of holding companies in Ukraine, and also features of their education, activities and liquidation.

Article 1. Determination of terms

1. In this Law terms are used in such value:

the state-owned holding company - the holding company formed in the form of joint-stock company which at least 100 percent of shares belongs to the state;

the state-owned managing holding company - the state-owned holding company, which corporate enterprise can be other state-owned holding company or economic society, the holding corporate block of shares (share, shares) which belongs to the state;

corporate enterprise - economic society, which owns the holding corporate block of shares (share, shares), the holding company uses and disposes;

the holding company - joint-stock company which owns uses and disposes of holding corporate blocks of shares (share, shares) two or more corporate enterprises;

the holding corporate block of shares (share, shares) - the block of shares (share, shares) corporate enterprise exceeding 50 percent or constituting the size which provides the right of decisive influence on economic activity of corporate enterprise of holding company.

Article 2. Legislation of Ukraine on holding companies

1. The legislation of Ukraine on holding companies consists of this Law, the Civil code of Ukraine, the Economic code of Ukraine, the Law of Ukraine "About joint-stock companies", other laws and regulatory legal acts regulating activities of holding companies and their corporate enterprises.

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