Prohibition of Competitive Activities for Members of Housing Cooperative Councils and Boards as well as Consequences of Non-Compliance with the Prohibition

The article refers to the problem of prohibition of competition imposed on the members of the board of directors and the supervisory board of the cooperative. The Author analyzes the concepts of "competitive business" and "competitive activity" and their mutual relationship, as well as the consequences of violation of the prohibition. On the basis of interpretation of the existing legal provisions and judicature's views, the Author enunciates de lege ferenda conclusions in terms of their clarification and elimination of doubts.