Distinctions of share sale and purchase agreement legal regulation: practical aspects

The author considers the specifics of the legal regulation of the contract of sale of shares as a specific object of civil rights, analyzes normative legal acts and judicial practice on the definition of material terms of the contract of sale of shares, reveals the problems of applying to it the general provisions of civil legislation on sale and purchase. He notes that courts, when resolving contract disputes over shares, generally take into account the specifics of the subject matter of the treaty and do not proceed from the literal interpretation of the provisions of Chapter 30 of the Civil Code of the Russian Federation, and concludes that it is necessary to legislatively set the price as an essential condition for the contract of sale of shares.