Improvement of Measures to Counteract Raider Acquisition of Kuzbass Coal Mining Enterprises

Abstract

The paper deals with ways of fight against raider acquisitions of enterprises at different levels of management. Creation of institution of raiding is due to imperfections of market-based instruments for redistribution of ownership, a lack of regular market valuation of liquid assets of enterprises, unclear system of registration of property rights, low information clarity of the data, growth of corporate conflicts, imperfection of corporate legislation. The effect of raider acquisitions is damage to economy, social sphere and investment climate of Kuzbass and Russia. The wave of raiding is now aimed at coal mining enterprises of Kuzbass, which have a stable holding structure and rising property prices due to the development of strategic markets. Effective fight against raiding is possible only with using of a systematic approach. This means development of activities of legal protection from raiders and elimination of inequalities company’s laws to the current legislation. At the state level it involves publication of relevant legal acts to combat raiding. For effective fight against raiding at the level of the enterprise it is necessary to develop in advance a complex of preventive measures of protection taking into account characteristic features of its activity.