Aspects of Transactions by Business Entities in Civil Legislation

The article reviews novelties of the civil legislation related to transactions making by business entities. It analyzes attributes of joint stock companies as the most common form of corporate entities, and it identifies problems of shareholders' agreements application. The article reviews a corporate agreement as a special type of a transaction, and it analyzes its content and consequences for the society in case of a failure to fulfill this agreement. The authors make conclusion about special aspects of transaction making by a legal entity, which require special procedure of approval and suggestions on civil legislation improvement.