Amendments to the Law on Joint-Stock Companies will ensure businesses are not shamed before investors
With the Government's approval of the draft Law on Joint-Stock Companies, which will facilitate the establishment and operation of companies, the amendments to the legislation, which have been negotiated for about a year, may satisfy start-ups by removing certain bureaucratic constraints and bringing the law closer to the standards of the Western countries. However, the law still needs to be changed and there is a lack of political will to make it even more liberal.