BGP Litigation managing director Alexey Nechaev commented to Vedomosti on the decision of Board of Directors on the appointment of UHL as the management company for Yulmart

«We need to know whether the company's charter provides for the fact that two directors may constitute the quorum. In such case, the decision is lawful. If they do not constitute the quorum, the decision is unlawful, says Alexey Nechaev, BGP Litigation managing director. “If the collegiality is not defined in the charter, in theory, even one director may bind the company to anything”, said Nechaev».

The full article (in Russian) is available here: "«Юлмарту» выбрали управляющую компанию".