Acquisition of Russian Strategic Companies: New Rules for Foreign Investors
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Key takeaways:
- A federal law amending Russian laws on foreign investments (the “Law”) came into force on June 12, 2018.
- The Law repeals certain prohibitions and restrictions on acquiring control over Russian strategic companies by offshore companies, replacing them with prohibitions and restrictions for non-disclosing investors.
- The Law also changes how to determine aggregate control over a strategic company, enhances the authority of the Russian Federal Antimonopoly Service and withdraws certain benefits for foreign investors with Russian ownership.