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Update: Russia Adopts Law Removing ‘Unfriendly State’ Holding Companies from Shareholding in Certain Russian Companies

A new law signed by Russian President Vladimir Putin allows changing the shareholding structures of Russian economically significant organizations whereby parent companies from “unfriendly states” will be removed from the...more

8/7/2023 / Corporate Counsel , Corporate Governance , Foreign Corporations , Russia , Shareholders

Update: New Decree Allows Certain Russian Companies to Remove Voting Rights of Minority Shareholders and Directors from Unfriendly...

Russian President Vladimir Putin adopted Decree No. 16 on January 17, allowing Russian companies to change their corporate decision-making so that minority shareholders from the so-called “unfriendly states” (or those...more

1/20/2023 / Board of Directors , Corporate Governance , Minority Shareholders , Russia , Shareholders , Voting Rights

Update: Russia Introduces Restrictions on Investors’ Ability to Restructure Holdings in or Exit Russian LLCs

Until recently, investors were not generally restricted in selling their (participatory) equity interests in Russian limited liability companies (LLCs). However, Russian President Vladimir Putin issued Decree No. 618,...more

9/19/2022 / Corporate Governance , Exit Transactions , Financial Markets , Foreign Investment , Foreign Relations , Limited Liability Company (LLC) , Russia

Russia COVID-19 Response: State Support for Large Businesses

Russia’s state support for Russian businesses amid the unprecedented consequences of the coronavirus (COVID-19) pandemic has been so far focused primarily on small and mid-sized businesses. This LawFlash examines the measures...more

4/11/2020 / Commercial Bankruptcy , Coronavirus/COVID-19 , Corporate Governance , Financial Statements , Popular , Russia

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