Adopted the Law of Ukraine “On the peculiarities of reforming the enterprises of the military- industrial complex of the state form of ownership” (No. 3822).
The purpose of the Law is to determine the features of legal, economic and organizational regulation of the transformation of the State Concern "Ukroboronprom" into a joint stock company, state unitary enterprises, including state-owned enterprises that are part of the Concern - in business associations, management and disposal of their property, as well as the introduction of a corporate model of management of state property in the defense industry.
The Law regulates how the Concern and its members should be reformed in three stages:
1. the first stage of reform involves preparing the members of the Concern for reorganization;
2. the second stage of reform envisages the formation of companies in two alternative ways: the transformation of a member of the Concern into a company in the organizational and legal form of a joint-stock company or limited liability company; or joining the members of the Concern to another participant and simultaneously transforming such participant into a business company according to a special procedure;
3. the third stage of reform envisages the transformation of the Concern into a joint-stock company, which will include the following actions:
- The Cabinet of Ministers of Ukraine must decide on the reorganization of the Concern through its transformation into a joint-stock company and approval of the charter;
- On the basis of the decision of the Cabinet of Ministers of Ukraine – introduction into the authorized capital of the joint-stock company of blocks of shares (shares) of the companies formed at the second stage;
- With the Cabinet of Ministers’ consent based on the joint-stock company’s decision, the shares of companies formed in the second stage may be contributed to the authorized capital of another company formed as a result of the transformation of a Concern.
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