Russian Legislation Update - 21 July – 17 August 2014


In This Issue:

- Corporate: Register of Shareholders

- Investment Partnership

- Dual Citizenship

- Economic Partnership

- Excerpt from Corporate: Register of Shareholders:

On 31 July 2014 the Central Bank issued Letter No. 015-55/6227 on shareholders’ registers of joint-stock companies.

According to the Civil Code amendments (Law No. 142-FZ, in force from 1 October 2013), all joint-stock companies (public and non-public) without exceptions and irrespective of any circumstances, must delegate the maintenance of their shareholders’ registers to a professional registrar by 1 October 2014.

The Central Bank has now clarified the meaning of the professional registrar (an entity holding an official license as a professional participant on the securities market) and some procedural issues related to such delegation....

Please see full publication 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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