The president of Russia issued Decree No. 840 on October 2, 2024, prescribing that all Russian custodians transfer shares of Russian joint-stock companies held in Type C custody accounts from the National Settlement...more
The Russian President on May 23 issued Decree No. 422, establishing a procedure to seize the assets of US persons within Russian jurisdiction. The announced purpose of the decree is to provide compensation for the damage...more
The Russian Government Commission on Control over Foreign Investments approved the terms and conditions of the bidding process carried out within the framework of the blocked investment exchange mechanism....more
The Russian president issued Decree No. 844 on November 8, establishing the framework for release of blocked shares held by foreigners in Russia and their exchange for assets of Russian investors blocked abroad....more
The Russian Ministry of Finance recently announced the development of a mechanism for releasing blocked foreign investments and exchanging them for Russian assets blocked abroad. If approved, the initial stage will apply to...more
The Russian Parliament required in 2022 Russian issuers to terminate their depository receipt programs that entailed the conversion of depository receipts into Russian underlying shares. This LawFlash discusses the current...more