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A new law on economically significant entities

On 4 August 2023, Federal Law No. 470-FZ was adopted introducing a special procedure that allows for the corporate rights of foreign holding structures in economically significant Russian organizations to be restricted, as well as for the direct ownership in such organizations to be acquired by Russian beneficiaries and for them to receive dividends directly. The law comes into force on 4 September 2023.

The BIRCH LEGAL experts talk about the criteria for forming a list of economically significant organisяtions and explain the three main blocks of issues regulated by the new Federal Law.

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