Today, the analytical portal Pravo.ru published an article in its "International Law" section, dedicated to the issues of compensation for assets frozen in Western depositaries.
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.
A special edition of the Dispute Resolution Club featured an article by Stanislav Dobshevich, KKMP Partner and Head of Dispute Resolution Practice, titled “Liability of Russian Subsidiaries for the Debts of Foreign Parent Companies,” dedicated to the Ruling of the Economic Dispute Collegium of the Supreme Court of the Russian Federation in the case of PJSC Sovcombank v Citibank N.A. v CB Citibank.
