Risks of breaching management duties for foreign shareholders in Russia

Dear Ladies and Gentlemen,

ALRUD Law Firm is honoured to invite you to our webinar:

"Risks of breaching management duties for foreign shareholders in Russia"

As we have learned from publicly available acts and news, sanctions imposed in the EU, UK and certain other jurisdictions include, inter alia, restrictions on the provision of business and management consulting services to persons connected with Russia (including subsidiaries of foreign companies active in our jurisdiction), while the scope and exposure of such restrictions is not yet well defined.

At the same time, current Russian civil and corporate legislation contains a number of obligations that shareholders of Russian companies must observe while being present in Russia regardless of their jurisdiction and foreign law restrictions in place. Generally, all shareholders of Russian companies hold basic fiduciary duties to companies that require shareholders to restrain themselves from any actions that may impede the companies’ further activities.

At the webinar, experts from ALRUD Law Firm will share their views on potential problems while conducting business in Russia and highlight possible risks for foreign shareholders who decide to refrain from exercising shareholders’ rights.

****Agenda****

At the event, ALRUD specialists will discuss these and other topical issues covering:

• Is it the right or duty of a foreign shareholder to participate in shareholders’ meetings, the election of governing bodies and the securing of consent for transactions and actions?

• Potential adverse consequences. Interim administration, exclusion from a company and subsidiary liability.

• Ways to resolve existing concerns. Outsourced HR consulting, hold separate + the creation of managerial bodies in a ‘friendly’ jurisdiction and the voluntary liquidation of Russian companies.

• Enforcement in Russia in the context of current trends.

The webinar will be useful to a wide range of experts: specialists of law firms, as well as offices of foreign companies doing business in Russia and foreign shareholders of Russian companies.

Participation in the event is free.

Registration is mandatory and only considered valid after you receive a confirmation from us. Please register from your corporate email address.

For additional questions about the participation in the webinar, please kindly contact Marketing Manager Inna Davydova: T: + 7 495 234 96 92 / +7 495 926 16 48 E: ****idavydova@alrud.com****