A consequence of changing a director in a corporate legal entity is that the former CEO has an obligation to transfer financial and business documents to the new one. A failure to fulfill this duty entails a whole range of negative consequences for both the former leader and the replacement.
Andrew Bezhan, a Counsel and Attorney-at-Law in the Dispute Resolution Practice at Nordic Star, gives step-by-step instructions that will reduce the risks in this situation for companies planning to change their CEO.
To read the full article (in Russian)
Counsel, PhD in Law, Attorney-at-Law
+7 915 482 46 79