Corporate Governance: Responding to the Challenges Posed by Sanctions

The recent sanctions have highlighted like never before the importance of making the current legal regime more business friendly. In the pre-sanction era, any genuinely major initiative would be underpinned by foreign law. That was the case even if all parties involved were resident in Russia. This was due to the greater flexibility, lower costs, and better predictability that such an approach offered. However, this option is no longer available to Russian businesses, as any move to transfer an initiative to foreign legal entities would incur an additional risk. This is not to mention the ever-growing difficulties faced by Russian residents when it comes to opening businesses and maintaining accounts abroad, amongst others.
• Regulation affecting the acquisition of large blocks of shares in public joint stock companies: targeted reforms.
• Golden shares: an obsolete instrument, or a necessity?
• The reorganization of business entities: a useful tool helping businesses adapt to a crisis.