A significant, temporary measure for 2022 has been introduced into the Russian merger control procedure, which may affect the regulatory approval process, in many M&A transactions, and might be specifically relevant for Management Buyouts.
On July 14th, 2022, the Federal Law No. 286-FZ came into force. This introduced amendments, which temporarily (till the end of 2022) exempted certain transactions involving shares/property/assets/control rights, in relation to commercial and financial organizations, from the merger control pre-transaction approval requirements.
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Note: Please be aware that all information provided in this letter was taken from open sources. Neither ALRUD Law Firm, nor the author of this letter bear any liability for consequences of any decisions made in reliance upon this information