FBK Legal in the Corporate Dispute Club
Alena Ermolenko participated in an online discussion on customisation of articles of association, which took place on 31 March in the Corporate Dispute Club.
A company?s articles of association are often called its constitution. Owners do not always give due consideration to provisions of articles of association that they approve. Sometimes, they just download a template from the Internet without any modification to suit their needs, which becomes a trainwreck waiting to happen.
Alena spoke about customised articles of association and explained when it is enough to use standard articles and when articles should be tailor-made. The lawyer analysed imperative and dispositive norms and clarified the relationship between articles of association and a corporate agreement.