The aim of the new provisions is to increase the transparency and accountability of economic entities with only one participant.
According to the law:
- the establishment of a limited liability company, the founder of which is another company with a single participant, is permitted, provided that such a company is not under the control of a foreign legal entity;
- joint and several liability is established for economic entities with a single participant (except for state and municipal organizations) for obligations:
- of companies where the only participants are such single-founder organizations, as well as subsequent ones in the ownership chain;
- limitations are introduced on the depth of the ownership chain for economic entities with a single participant:
- the maximum depth of the chain for economic entities with a single founder must not exceed three levels, including the final company;
- the rules of liability for single-founder companies are clarified, indicating that joint and several liability does not apply in cases where the founders are state authorities, municipal institutions, or enterprises, as well as other legal entities with state participation.
