26.06.2024

Liability for failure to take direct possession of equity in economically significant companies

In one of our previous alerts, we advised that a draft law amending the Russian Code of Administrative Offences had been submitted to the State Duma to establish, among other things, sanctions for failure to comply with the requirements of Law No. 470-FZ On Peculiarities of Regulation of Corporate Relations in Business Entities that are Economically Significant Organisations.

On 22 June 2024, that law was signed by the President of Russia, published and entered into force.

Read in detail in the alert at the link:

https://www.stonebridgelegal.ru/media/files/Alert_Liability_for_failure_to_take_direct_possession_June_ENG.pdf

You might be interested

  • Temporary administration introduced over Metro AG’s Russian business
    Temporary administration introduced over Metro AG’s Russian business

    Further to the introduction of temporary administration over the Russian businesses of Auchan, Nestlé, FM Logistic and Lemana PRO (formerly Leroy Merlin) earlier this month, on 28 September 2026 the Russian President introduced, by Decree No. 689, temporary administration over the cash and carry business in Russia of Metro AG, a German retail group.

    29.09.2026