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The new rules for obtaining clearance for share transactions with foreign parties connected with "unfriendly" countries

The new minutes of the meeting of the Governmental Sub-Commission No. 171/5 was published on 12 July 2023 establishing new rules for obtaining clearance for transactions with shares (participatory interests) in Russian companies if carried out with a party to such a transaction that is deemed as “unfriendly” person.

The BIRCH LEGAL experts talk about the new rules to be enforced as well as the old rules that are still in effect.

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