Оn March 31, 2016 the Judicial board on economic disputes of the Russian Supreme Court issued its high-profile Ruling in case No.A40-104595/20141. The said Ruling affirmed the right of an ultimate beneficiary to challenge the shareholders’ general meeting resolutions. Previously, this right was given only to the Company’s shareholders; other interested parties were not authorized to claim2.
In case No. A40-104595/2014 Mr. Moskalev M.V. demanded to invalidate the resolution of the extraordinary general meeting of JCS “Aspect Finance” sharehol