13.01.2025

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.

The FAS believes that the amendments will help facilitate merger control, and protect smaller players, in the financial institutions sector.

Read in detail in the alert at the link:

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

You might be interested

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