Russian Note Trustee (a Bondholders Representative) and Other Changes in Corporate Bond Regulations


This Orrick law alert relates to the changes made in the Russian securities law by Federal Law No. 210-FZ dated July 23 (On Amendments to the Federal Law on the Securities Market and to Certain Russian Laws and Regulations). Specifically, said Law has introduced the concept of a bondholders’ representative and expanded the concept of a general meeting of bondholders. The new amendments also set out in more detail how to redeem or repurchase Russian bonds before maturity. Orrick has actively assisted the Association of Russian Regional Banks in the drafting and promotion of the new law. For the complete alert, please click here.

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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