What Qualifies as a Major Transaction?
Under Russian law, a transaction is considered "major" if:
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Property value (price or book value) equals ≥25% of the company’s assets.
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Transfer of rights to intellectual property or temporary use of assets reaches ≥25% of the company’s asset book value.
Example:
Company assets: 100 million RUB.
Transaction involving property worth ≥25 million RUB → classified as major.
How to Calculate Asset Book Value
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Standard method: Data from the annual financial statements as of December 31 of the previous year.
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Exception: If interim financial statements (quarterly/monthly) are prepared, the latest approved version is used.
Who Must Approve the Transaction?
Depends on the company’s legal structure and charter:
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LLC (ООО): General meeting of participants or board of directors (if specified in the charter).
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JSC (АО): Board of directors or general meeting of shareholders.
Risk: Unapproved transactions may be invalidated by a court.
How the Verification Service Works
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Input data:
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Transaction amount
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Company’s asset book value
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Legal structure (LLC, JSC, etc.)
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Analysis:
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Calculates the transaction’s share of total assets
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Checks legal criteria for "major" status
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Result:
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Determines if the transaction is major
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Specifies the approving authority
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[Check Your Transaction] (link)
5 Reasons to Use the Service
✅ Speed – Results in 2 minutes vs. manual calculations
✅ Accuracy – Algorithm accounts for all legal nuances
✅ Risk prevention – Eliminates approval errors
✅ Adaptability – Works for LLCs, JSCs, and PJSCs
Case Study
A construction company planned to purchase equipment worth 30 million RUB (assets: 110 million RUB).
Service Result:
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Transaction share: 27.3% → classified as major
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Required approval: General meeting of participants
Outcome: Transaction approved, litigation risks avoided.