Russian Law Update - June 2013

In This Issue:

- Russian Civil Law Reform: Recent and Upcoming Amendments

- Anti-Corruption Laws: New Compliance Requirements for Russian Companies

..Disclosure of Beneficial Ownership

- Amendments to Russian Securities Market Regulations: Depositary Receipt Holders

- Amendments to Securities Market Regulation Related to Securities of Foreign Issuers

- Enhanced Currency Controls and Penalties

..Regulation 395-P (Basel III)

Excerpt from Russian Civil Law Reform: Recent and Upcoming Amendments -

Russia continues to adopt significant civil law reforms in an effort to improve the business and economic environment generally and to incorporate a number of modern commercial concepts into the Russian legal system. In 2012, the State Duma (the lower house of the Russian parliament) approved the “first reading” of a draft law on extensive amendments to the Civil Code. Subsequently, it was decided that these amendments would be separated into several groups to expedite their passage.

Please see full issue below for more information.

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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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