Updating the guide to special transaction regulation in Russia. Presentation
We are pleased to announce another update of our guide and presentation on the peculiarities of special regulation of transactions in Russia in connection with the sanctions regime. In recent months, significant changes have been introduced to the legislation concerning the rules for the sale of stakes in LLCs and shares in JSCs, as well as mandatory payments to the budget for transactions with foreign participation.
According to the new requirements, it is now possible to sell a stake in an LLC or shares in a JSC only if the transaction price is set at an additional discount of at least 60% of the market value of the assets to be sold. This change significantly affects the structure and value of transactions, requiring market participants to take into account the new conditions when planning and conducting transactions.
In addition, the amount of the so-called ‘voluntary’ payment to the budget was increased, which now amounts to 35% of the market value of the assets involved in the transaction. This change may have an impact on the financial strategy and structure of transactions, as well as on the taxation of participants.
For a more detailed look at the changes, check out our presentation below. Maxim Vaskin, a senior lawyer of our company, has also prepared a video on this topic. We invite you to view it on our official YouTube channel.
We continue to closely monitor legislative changes and are ready to provide our clients with up-to-date information and advice on all issues related to the regulation of transactions in Russia.
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