Mergers & acquisitions

Although Russian corporate and business laws are developing rapidly, and have generally facilitated the transition to a market economy, they may still pose important obstacles to "normal" M&A transactions as practiced in other countries. Relevant legislation is discussed, including: 1. the Law on Stock Companies, 2. the Law on the Securities Market, and 3. the Law on Competition and Restriction of Monopolistic Activities in Commodities Markets. These laws are discussed in terms of their relevance to different types of transactions, such as issuer transactions, secondary transactions, and privatization transactions.