The Duma (Russia's lower parliament chamber) approved on first reading a government bill allowing debt of joint stock companies to be converted into equity, which the drafters intend as a help to companies seeking to avoid bankruptcy. Currently the Civil Code restricts such conversion by requiring charter capital to be paid with money or other property. The proposed amendments are being examined for risks to unsophisticated investors and minority shareholders.
http://10.vedomosti.ru/newspaper/print/2009/09/21/214298
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