The Legal 500

What a Foreigner should know before becoming a Member of a Supervisory Board

February 2011 - Finance. Legal Developments by Schönherr.

More articles by this firm.

What a Foreigner should know before becoming a Member of a Supervisory Board in a Moldovan Joint-stock Company

The rise in foreign investment in Moldova and joint projects with local investors means that supervisory boards must often be instituted in Moldovan joint-stock companies (JSC). This leads to effective and operative control over the company’s management. This article deals with the questions of whether foreign citizens may be appointed as members of supervisory boards and whether there any impediments to ensuring compliance with Moldovan legislation.

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