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Update: Russia Adopts Law Removing ‘Unfriendly State’ Holding Companies from Shareholding in Certain Russian Companies

A new law signed by Russian President Vladimir Putin allows changing the shareholding structures of Russian economically significant organizations whereby parent companies from “unfriendly states” will be removed from the...more

Update: Russia Introduces New Rules Allowing Takeover of Assets Owned by ‘Unfriendly State’ Persons

Russian President Vladimir Putin issued Decree No. 302, “On Temporary Management Over Certain Assets,” on April 25, authorizing the Russian federal agency for state property management—or any governmental agency the president...more

Update: Russian Draft Law to Criminally Prosecute Directors and Officers for Sanction Compliance

A draft law submitted for consideration to the State Duma—the lower chamber of the Russian parliament—would amend the Russian Criminal Code to make compliance with sanctions a criminal offense for directors and officers,...more

Russia Considers Imposing Special External Management over Certain Foreign-Owned Companies

Russia is considering introducing legislation that, if adopted, will have a dramatic impact on foreign-owned businesses and their strategies concerning Russia. The goal of the proposed law is to (1) warn foreign owners that...more

Update: Russia Adopts Special Decree on Countermeasures

President Vladimir Putin issued a decree, “On Special Economic Measures in connection with the Unfriendly Actions of the United States of America and Other Foreign Countries” (Decree), on 28 February. This is the first decree...more

Russia Adopts Antitrust Compliance Law

A new law that comes into effect in Russia on March 12, 2020, introduces antitrust compliance into Russian law. Among other things, this new law could serve as a legitimate basis for Russian subsidiaries of multinational...more

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