Acquisition of Russian Strategic Companies: New Rules for Foreign Investors

13 June 2018
View Debevoise Update
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.