New Presidential Decree: Temporary Corporate Governance Regime

Stonebridge Legal Regulatory practice prepared an alert regarding Presidential Decree No.16 (the Decree), which came into effect on 17 January 2023. The Decree provides for a temporary corporate governance regime for certain categories of Russian companies with a controlling shareholder/beneficial owner sanctioned by a foreign state and minority foreign shareholder(s) associated with unfriendly foreign states.

In particular, the Decree has established a mechanism allowing to limit the ability of shareholders which are associated with unfriendly states.

Read in detail on the new Presidential Decree in the alert at the link.

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