Insights

  • New Mechanism for Termination of Foreign Investors’ Rights under Asset Buyback Options
    New Mechanism for Termination of Foreign Investors’ Rights under Asset Buyback Options

    Draft law No. 1059849-7, which supplements Federal Law No. 160-FZ On Foreign Investments in the Russian Federation, dated 9 July 1999, with a new Article 20 (1), is currently under consideration in the State Duma. The article introduces a legal mechanism allowing Russian purchasers who bought shares (equity interests) in Russian companies previously owned by foreign investors to refuse, subject to a number of conditions, to perform their obligations to return the assets to foreign investors under buyback options and other similar agreements.

    21.07.2025

  • Russian counter-sanctions regulations: new developments
    Russian counter-sanctions regulations: new developments

    On 1 July 2025, two new Presidential decrees dealing with counter-sanctions (Decree No. 435 On Amendments to Certain Decrees of the President of the Russian Federation and Decree No. 436 On Additional Guarantees of the Rights of Foreign Investors) were enacted with immediate effect.

    03.07.2025

  • Russian counter-sanctions developments: Temporary administration over Ariston’s Russian subsidiary lifted
    Russian counter-sanctions developments: Temporary administration over Ariston’s Russian subsidiary lifted

    On 26 March 2025, by his Decree 176, the President lifted the temporary administration over Ariston Thermo Rus LLC with immediate effect. On the next day, Ariston announced its intention to resume activities in Russia.

    22.04.2025

  • Strengthening Merger Control in Financial Markets
    Strengthening Merger Control in Financial Markets

    On 28 December 2024, the Russian President signed Law No. 539-FZ which introduced amendments to the current law On the Protection of Competition aimed at strengthening merger control in Russian financial markets. The amendments were prepared by the Russian competition authority (the FAS) and will come into effect on 1 September 2025.

    13.01.2025

  • Temporary administration over Carlsberg’s Baltika lifted
    Temporary administration over Carlsberg’s Baltika lifted

    As we advised in one of our previous client alerts, Presidential Decree On Temporary Administration of Certain Assets No. 302, dated 25 April 2023, introduced temporary administration in relation to certain Russian assets owned by foreign groups associated with unfriendly states, namely in relation to Uniper’s Russian subsidiary PAO Unipro and Fortum’s Russian subsidiary PAO Fortum. In July 2023, the list of assets subject to such temporary administration was expanded to include, among others Carlsberg’s Russian subsidiary Baltika Brewery LLC.

    04.12.2024