Stonebridge Legal Regulatory practice prepared an alert regarding newly adopted developments of the Russian Foreign Investment Regime.
On 29 December 2022, the Russian President signed two laws aimed at strengthening control over foreign investments in Russia (the amendments come into effect on 9 January 2023 and on 30 March 2023).
In particular, the amendments:
- extend the period of transaction approval;
- introduce a list of “non-strategic” targets, transactions in relation to which do not, as a general rule, trigger a “strategic” filing;
- expand the list of exemptions from the requirements of Law No.57;
- expand the information requirements for merger control filings and other important changes.
The alert can be found here.