Opening the meeting, Committee Chair N. Korolevska stated that one of the key reasons of the raider cause in Ukraine is a lack of personal responsibility of the officials for abuse in economic sphere.
The Chair gave an example of the report of "International Property Rights Index" of the American Property Alliance, whereby in 2011 our state occupied 117 position out of 129 possible in the rating. Under such conditions, according to N. Korolevska, "neither foreign nor national investors shall invest funds in our economy, since it gives no guarantees of ownership rights protection."
N. Korolevska informed that the Verkhovna Rada of Ukraine adopted the Law "On Amendments to several Legislative Acts of Ukraine regarding Strengthening of Responsibility of the Officials of Public Authorities and Local Self-Government Bodies" last week. The legislative act supplements clause 41 of the Code of Labour Laws of Ukraine, whereby the labour contract with the official can be terminated in case of repeated infringement in the sphere of licensing, state regulation of policy, and issue of licensing documents.
The Law amends the Code of Ukraine on Administrative Infringements to strengthen responsibility for infringements in the sphere of licensing, state regulation of policy, and issue on licensing documents.
The round table participants discussed the motives and causes of raider attacks; prevention of hostile takeovers risks; counteraction to raider attacks on the part of law-enforcement agencies.
In the course of the meeting the People's Deputies called for amending the Ukrainian legislation to eliminate drawbacks which make hostile takeovers possible. They also discussed experience of Ukrainian and Russian companies in the sphere of raider counteraction.