On April 24, 2024, President Joe Biden signed into law a high-profile package of national security legislation (Public Law 118-50). While most press reports focused on the spending elements of the package (appropriating funds...more
5/3/2024
/ Asset Freeze ,
Asset Seizure ,
Economic Sanctions ,
Export Controls ,
International Trade ,
Investors ,
Joe Biden ,
Legislative Agendas ,
National Security ,
New Legislation ,
Russia ,
Ukraine
The withdrawal of Western companies from Russia in the wake of the war in Ukraine has garnered a lot of attention. But the process does not take place overnight, and many foreign companies that have operated in Russia face...more
12/16/2022
/ Acquisitions ,
Best Practices ,
Economic Sanctions ,
EU ,
Exit Transactions ,
Export Controls ,
Foreign Investment ,
Investment ,
Jurisdiction ,
Russia ,
UK ,
Ukraine
The pandemic’s impact may be subsiding, but businesses are encountering new challenges across the globe, including the potential for an economic retrenchment, rising interest rates, shifting regulatory and litigation...more
12/14/2022
/ Acquisitions ,
Anti-Corruption ,
Antitrust Division ,
Banking Sector ,
Big Tech ,
Board of Directors ,
Bonds ,
Borrowers ,
Capital Markets ,
Capital Raising ,
China ,
Climate Change ,
Convertible Notes ,
Corporate Counsel ,
Corporate Governance ,
Corporate Restructuring ,
Creditors ,
Cross-Border ,
Cryptocurrency ,
Digital Assets ,
Due Diligence ,
Economic Sanctions ,
Enforcement ,
Environmental Social & Governance (ESG) ,
EU ,
Executive Compensation ,
Financial Services Industry ,
Forum Selection ,
Investigations ,
IRS ,
Lenders ,
Mergers ,
Money Laundering ,
Partnerships ,
Publicly-Traded Companies ,
Recessions ,
Repurchases ,
Russia ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs) ,
Taxation ,
Technology ,
UK ,
Vertical Mergers
On 28 February 2022, Russian President Vladimir Putin signed the order “On the Application of Special Economic Measures in Connection With the Unamicable Actions of the U.S. and the Adjoining Foreign States and International...more
On June 8, 2020, amendments to the Russian Arbitration Procedure Code (the APC Amendments)1 were signed into law that, in certain cases, allow a person subject to foreign sanctions to refer a dispute to the Russian arbitrazh...more
Continued Operation of the Russian Securities Market -
Securities markets on the Moscow Exchange and other Russian exchanges continue to operate during normal business hours.
The Central Bank of Russia announced that...more
4/9/2020
/ Brokers ,
Capital Markets ,
Coronavirus/COVID-19 ,
Disclosure Requirements ,
Dividends ,
Filing Deadlines ,
Financial Statements ,
Publicly-Traded Companies ,
Reporting Requirements ,
Russia ,
Securities Traders ,
Share Buybacks ,
State-Owned Enterprises ,
Stock Exchange ,
Time Extensions
A moratorium on bankruptcy filings and certain security enforcement has been imposed by the Russian government for at least six months with respect to many categories of companies. During this period, the ability of creditors...more
In our first update on the implications of COVID 19 in relation to the Russian market, we consider:
- contract implications, including:
- the need for a detailed review of essential contracts; and
- virtual signings...more
4/3/2020
/ Acquisitions ,
Annual Meeting ,
Anti-Monopoly ,
Breach of Contract ,
Capital Markets ,
Contract Disputes ,
Coronavirus/COVID-19 ,
Force Majeure Clause ,
Foreign Investment ,
Merger Controls ,
Mergers ,
Nonperformance ,
Publicly-Traded Companies ,
Russia ,
Shareholder Meetings ,
Virtual Meetings
The geopolitical environment continues to drive reform of foreign investment rules in Europe, with government proposals clarifying and tightening such rules in the interest of national security. Recent foreign state-backed...more
1/18/2019
/ Anti-Monopoly ,
CFIUS ,
Critical Infrastructure Sectors ,
EU ,
European Economic Area (EEA) ,
Foreign Acquisitions ,
Foreign Investment ,
France ,
Germany ,
Member State ,
Merger Controls ,
National Security ,
Russia ,
State-Owned Enterprises ,
Strategic Enterprise Laws ,
UK
Strategic Enterprises Law
In July 2017, the Russian Strategic Enterprises Law (SEL) was amended to provide that the rules that restrict the acquisition of certain interests in Russian strategic enterprises by a foreign...more
As part of Russia’s response to recent Russia-related foreign sanctions (particularly the U.S. sanctions announced by the Office of Foreign Assets Control on April 6, 2018, against certain Russian state-controlled entities...more
The Russian government has adopted rules setting out the procedure for preliminary review by the Russian prime minister of transactions entered into by foreign investors with respect to Russian legal entities before the...more
Despite a year of continued global political uncertainty and increasing enforcement, shareholder activism and foreign investment control activity, the 2018 outlook for Europe is positive overall. Skadden partners in the U.K.,...more
1/26/2018
/ Acquisitions ,
Anti-Corruption ,
Antitrust Injuries ,
BaFin ,
Capital Markets ,
Cartels ,
Competition ,
Criminal Prosecution ,
Cybersecurity ,
Deferred Prosecution Agreements ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
European Commission ,
Executive Compensation ,
Foreign Investment ,
France ,
Fraud ,
Germany ,
Merger Controls ,
Mergers ,
Minority Shareholders ,
Money Laundering ,
National Security ,
Private Equity ,
Russia ,
Sapin II ,
Securities ,
Serious Fraud Office (SFO) ,
Shareholder Activism ,
Shareholder Votes ,
Takeover Code ,
Trump Administration ,
UK ,
UK Bribery Act ,
UK Criminal Finances Act 2017 ,
Virtual Currency ,
White Collar Crimes
Amendments in July 2017 to Russian foreign investment laws have resulted in a significant tightening of control over transactions involving (including investments in) Russian companies by foreign investors...more
On January 15, 2016, the Stock Exchange of Hong Kong Limited (HKEx) published its Country Guide on Russia and placed Russia on its list of “acceptable jurisdictions,” formally signifying that Hong Kong’s sole regulated stock...more
1/23/2016
/ Audits ,
Bank of Russia ,
Board of Directors ,
Corporate Issuers ,
Foreign Investment ,
Hong Kong ,
Hong Kong Stock Exchange ,
Memorandum of Understanding ,
Remuneration ,
Russia ,
Shareholder Rights
On February 16, 2015, the Central Bank of Russia (CBR) signed the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information developed by the International Organization of...more
A number of companies have recently received a letter from the St. Petersburg Stock Exchange (Exchange) in Russia stating that it has decided to admit the company’s securities to public trading on the Exchange. These letters...more