Yushchenko urges revision of Business Organizations law

19:00, 07 November 2006
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Because it “could have been interpreted as a political intention"

Victor Yushchenko has told reporters in Rivne he believes the Law on Amendments to the Law on Business Organizations should be profoundly revised, according to the President`s press-office.

      The President said members of parliament had considered no bills proposed by the State Property Fund and their former colleagues when approving the law on October 19, 2006.

      “I would like Viktor Fedorovych [Yanukovych], the government and those businessmen that, without doubt, are very interested in the modernization of the fundamentals of relations between government and proprietors to approach this issue complexly,” he said, promising to be their “partner and ally.”

      Mr. Yushchenko said he had vetoed the law because it “could have been interpreted as a political intention to redistribute corporate control over Ukraine’s companies.”

      The President said there were about 1,100 partnerships in Ukraine. He added that such formal changes could result in numerous raider attacks.

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