Business succession is a complex and multifaceted process that, as practice shows, is fraught with conflicts and requires advance planning. It inevitably raises questions of both a commercial and legal nature. One of these is the fate of a corporate agreement concluded between business partners before the death of one of them.
Russian authorities allowed domestic businesses to refuse foreigners the option to buy back assets. According to lawyers, as outlined in a special issue of Pravo.ru dedicated to corporate law, this initiative is aimed at protecting domestic interests, although it simultaneously undermines legal certainty and deteriorates the investment climate.
Business owners are increasingly restructuring their ownership structures: separating business lines into separate legal entities, utilizing closed-end mutual funds, personal funds, and even nominee owners.
The XII St. Petersburg International Legal Forum took place in St. Petersburg on June 26-28. Alyona Kucher, KKMP Senior Partner, spoke at 2 sessions of the forum: "Representations and warranties in Russian law: distribution of contractual and tax risks" and "Investing in Russia. Top 5 tools for protection against conflict with a local partner".
On June 20, 2024, KKMP partner Anna Maximenko and senior associate Andrey Lipin held a seminar devoted to practical aspects of redomiciliation of foreign holding companies to the Russian Federation.
In the annual Pravo.ru conference, Corporate Law and Corporate Governance — 2023, held on October 20, KKMP Partner Maxim Kuleshov spoke in the session Corporate Law News - The impact of sanctions on corporate governance in 2022-2023.
On August 30, 2023 KKMP Senior Associate Elena Klyuchareva spoke at the Civil Lawyers’ Club Conference, Corporate Law: Current Problems, on the liability of members of legal entities’ and corporations' management bodies for inaction.
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