Russian Venture Capital Association

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13.02.2014

The 13th meeting of the United Legal Group took place under the RVCA aegis

On February 7, the next, 13th in succession, United Legal Group (ULG) meeting was conducted under the RVCA aegis, in which the representatives of a number of private equity and venture capital funds, institutes of development, law firms, and infrastructure organizations took part.

The main subject of the meeting was discussion of the Group’s work plans for 2014. According to the agreed opinion of the Group participants, the list of work priorities includes improvement of a number of the corporate relations and conditional transactions issues.

"Following the results of ULG work for 2013, the amendments to a number of acts were prepared and sent to the Ministry of Economic Development. In November, 2013, the draft of the Federal Law No. 364958-6 "On the investment partnership" (regarding specification of the investment partnership legal status) was admitted to examination in the State Duma, and in January, 2014, it was reviewed in the first reading. We will further work in this direction with the purpose to influence significantly the changes of enterprise climate in Russia, and especially, to stimulate development of the venture capital market", – commented on the results of the ULG work the RVCA CEO Albina Nikkonen.

Reference information

The United Legal Group was created for the purpose of improvement of the existing legislative base "On the investment partnership". Activity of the Group which includes about 40 experts from various areas of professional activity is directed at the improvements of legal status of the participants of investment activity in the territory of the Russian Federation.

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