Update: As Russia Again Tightens Exit Transaction Rules, Can Investors Still Exit Russian Businesses?
By EsqSocial Corporation 23/12/24
The Russian sub-commission has imposed more drastic conditions for exit transactions, in particular the maximum consideration that can be paid to a seller and the minimum “voluntary contribution” that must be paid to the Russian federal state budget (also known as the exit tax) in connection with the exit transaction. The sub-commission has also introduced a rule that the Russian president’s consent is required for any transaction with assets whose market value is above 50 billion rubles....
By: Morgan Lewis