RUSSIAN UPDATE – Amendments to Antitrust Laws Designed to Liberalize Prohibitions and Reduce Liability of Filers

Highlights: On November 22, 2011 the State Duma of theRussian Federationpassed a new package of amendments to the antitrust laws in the third reading. The proposed “Third Antitrust Package”, which still has to be approved by the Council of Federation and then signed by the President, changes antitrust regulation significantly. In expectation of the innovations, … Continued

Editors’ Note:  This paper was co-authored by Evgeny Bolshakov of the Competition Law Practice at Egorov Puginsky Afanasiev & Partners.  Mr. Bolshakov specialises in antitrust regulation, corporate and civil law and has been involved in numerous projects related to representing clients in antitrust proceedings, designing a business structure in line with antitrust requirements and contesting FAS (Federal Antimonopoly Service) decisions in courts.


RUSSIAN UPDATE – Changes in Russian Foreign Investment Regulations To Ease Restrictions

Executive Summary/Highlights: On November 16, 2011, President Dmitry Medvedev signed into law amendments to the Federal Statute “On the Procedure of Foreign Investment in Businesses with Strategic Importance for the Defense of the Country and the Security of the State” (Strategic Companies Statute). The amendments are expected to ease the stringent restrictions that Russia puts … Continued

Editors’ Note:  Dimitry Afanasiev is Chairman of the Partners Committee at Egorov Puginsky Afanasiev & Partners and a member of XBMA’s Legal Roundtable.  Mr. Afanasiev, a widely recognized leading international lawyer and business advisor, serves on the board of United Company RUSAL and is founding member of the Russian – American Business Council.   This paper is authored by Arkady Krasnikhin, Partner, and Viatcheslav Yugay, Associate, at Egorov Puginsky Afanasiev &Partners.  As one of Russia’s leading M&A experts, Arkady Krasnikhin has significant experience in representing major Russian and foreign giants on acquisitions of stakes, structuring complex corporate transactions and advising on inward investment regulations in different sectors including oil & gas and metallurgical sector.


RUSSIAN/UK UPDATE – Adverse impact of the UK Bribery Act 2010 on Cross-Border Corporate Transactions in Russia

Executive Summary/Highlights: The UK Bribery Act 2010 has far reaching territorial application and can even apply to Russian companies. Affected companies must now have in place adequate internal anti-bribery procedures and ensure the same compliance of any of its associated persons. Strong contractual protections may prove necessary to limit exposure to prosecution under the Act. … Continued

Editors’ Note: This paper was authored by Andrey Goltsblat and Ian Ivory, an English Law partner at Goltsblat BLP in Moscow.  Mr. Goltsblat is a member of the XBMA Legal Roundtable and a leading expert on Russian M&A, having completed more than US$25 billion of transactions in the last two years. The paper focuses on the ramifications of the new UK Bribery Act for Russian deals, but may have broader applicability as the ripple effects of the UK Act are felt in other jurisdictions as well.


XBMA – Quarterly Review for Q1 2011

The attached slides summarize trends in cross-border M&A and strategic investment activity throughout the first quarter of 2011.   Highlights: Global M&A volume for Q1 2011 was US$671.8 billion, up 29.5% as compared to Q1 2010. Cross-border transactions have rebounded substantially from 2009: 38% of Q1 2011 global M&A was cross-border — up slightly from … Continued

Editor's Note: This is an example of the type of post and content the XBMA Forum seeks to showcase.



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