News

Forced Conversion of GDRs of Etalon Group PLC (ISIN US29760G1031) until November 5, 2026

SBERBANK, MTS, NMTP depository receipts: JP Morgan sold the underlying shares. How to receive proceeds?

J.P. Morgan has liquidated underlying assets of sanctioned depositary receipt programs of Russian issuers (Sberbank, MTS, NMTP) and has begun making payments to holders.

FAQ for Rights Holders

This material contains the most frequent questions and detailed answers to them in order to systematize key approaches and practical recommendations for copyright holders.

The Constitutional Court of the Russian Federation Has Put an End to the Mir Hobby Case and Clarified When an Information Intermediary May Be Held Liable

Key Constitutional Court ruling reshapes marketplace liability and introduces new risks for IP enforcement.

Ambiguous Wording in Contracts: When It Can Work Against You

Ambiguous contract clauses can backfire under Russian law’s contra proferentem rule — clarity in negotiations is safer.

Scent: Can It Be Registered as a Trademark?

Can scents be trademarks in Russia? Legal framework, practice, and key registration requirements explained.

Launch of the project of the forced conversion of Etalon Group PLC GDRs

MAGENTA Legal launches a project to prepare for the forced conversion of Etalon Group PLC DRs into ordinary shares of IPJSC Etalon Group. The expected deadline for the start of the procedure is no later than 8 July 2026.

Depositary receipts of Ros Agro PLC (US7496552057) can now be converted into Russian shares of Rusagro Group PJSC

Holders of Ros Agro PLC depositary receipts can convert them into Rusagro shares until the end of 2026 through a special two-stage procedure with document submission in Russia.

Judicial Support for Challenging Unlawful Refusals in Depositary Receipt Conversion and Securities Allocation Cases

MAGENTA Legal reports on the possibility of challenging refusals by registrars, depositories and brokers in Russian courts in the procedures for the forced conversion of depositary receipts (ADR/GDR) into Russian shares,  as well as in the distribution of securities and the crediting of dividends.

Launch of the Ros Agro PLC Depositary Receipt Conversion Project

MAGENTA Legal has launched a project to convert depositary receipts of Ros Agro PLC into shares of Rusagro Group.