Mandatory disclosure of shareholdings in joint stock companies

A new law recently came into effect extending the obligation to disclose major shareholdings within unlisted joint stock companies which have issued bearer or scriptless shares.

Any legal entity or individual who, following the acquisition of voting securities in such a company, acquires a high proportion of the shareholding must inform the company of the number of shares they hold. The Law[1] came into effect on 5 February 2010.