As we advised in our previous client alert, draft amendments to Law 470-FZ were submitted to the State Duma for consideration on 20 October, with a view to facilitating the implementation of Law 470-FZ, including by exempting the “holdco removal” scheme from a number of regulatory and corporate law requirements that would have applied otherwise.
On 2 November 2023, further draft amendments to Law 470-FZ were submitted to the State Duma.
Furthermore, consequent amendments to the Russian Code of Administrative Offences were submitted, also on 2 November, to the State Duma – with a view to equipping Law 470-FZ with administrative sanctions.
Read in detail in the alert at the link:
