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Introduction of Significant Amendments to the Russian Corporate and Securities Market Legislation
28 January 2019
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On December 28, 2018, a federal law simplifying the procedure for issuing shares and debt securities (the “Law”) was published.
The Law introduces a new type of preferred shares and “perpetual” bonds, as well as certain other amendments to joint stock companies, securities and other laws.
Whilst a number of amendments became effective from the date of the official publication of the Law (December 28, 2018), most of the amendments will only come into force on January 1, 2020.
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