Business partnership – new company type under Russian law

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On 1 July 2012 new company type will be effective in Russia according to Federal Law dated 3 December 2011 No.380-FZ “On business partnerships” (“Law”).

From the legislative standpoint, business partnerships will operate as a special-purpose vehicle to be used in course of innovative activity (including venture activity).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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