The subsequent FAS notification requirement under the Competition Law has been abolished.

more+
less-

On 28 December 2013 the President signed Federal Law No. 423-FZ, amending Federal Law No. 135-FZ “On the Protection of Competition” dated 26 July 2006 (the “Competition Law”). The amendment will enter into force on 30 January 2014.

The amendment abolished Article 30 of the Competition Law, which specified the requirements for the subsequent notification to the Federal Antimonopoly Service (“FAS”) of the transactions (actions) of commercial and financial organizations listed in Articles 27-29 of the Competition Law (which list includes actions relating to company establishment and reorganization, transactions with shares (participatory interest) and assets of and controlling rights with respect to such organizations).

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Reporting Requirements, Russia, Transactional Attorneys

Published In: Antitrust & Trade Regulation Updates, General Business Updates, International Trade Updates

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.

© White & Case LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »