On 10 July 2023, the Russian President signed into law new amendments to the Law On the Protection of Competition. The amendments, also known as the Fifth Antimonopoly Package, will come into effect on 1 September 2023 and will affect, among other things, the merger control rules.
Read in detail in the alert at the link:
https://www.stonebridgelegal.ru/media/files/Alert_Merger_Control_July_ENG.pdf
Draft law No. 1059849-7, which supplements Federal Law No. 160-FZ On Foreign Investments in the Russian Federation, dated 9 July 1999, with a new Article 20 (1), is currently under consideration in the State Duma. The article introduces a legal mechanism allowing Russian purchasers who bought shares (equity interests) in Russian companies previously owned by foreign investors to refuse, subject to a number of conditions, to perform their obligations to return the assets to foreign investors under buyback options and other similar agreements.
21.07.2025