On 20 November, the Russian Government published Resolution No. 1836 approving “the rules for listing Russian business entities as “economically significant organisations”.
Read in detail in the alert at the link:
27.11.2023
A procedure for listing companies as Economically Significant Organisations now approved
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New Mechanism for Termination of Foreign Investors’ Rights under Asset Buyback OptionsDraft 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