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Comprehensive overview of Russian merger control, strategic and counter‑sanctions FDI approvals: thresholds, control tests (including negative control), JVs, foreign-to-foreign reach, process, timelines, penalties, remedies and stakeholders
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Comprehensive overview of Russian merger control, strategic and counter‑sanctions FDI approvals: thresholds, control tests (including negative control), JVs, foreign-to-foreign reach, process, timelines, penalties, remedies and stakeholders
NOTE—to check whether notification thresholds in Russia and worldwide are met, see: Where to Notify. 1. There have been recent developments regarding the Russian merger control regime. What are the main points of interest and are any further updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Russia? Russia’s merger control is established by Federal Law No 135-FZ of 26 July 2006 ‘On Protection of Competition’ (the Competition Law), alongside decrees and guidance issued by the Russian competition authority, the Federal Antimonopoly Service of the Russian Federation (FAS). The FAS sets the procedure and detailed requirements for obtaining merger clearance. In addition to the general regime under the Competition Law, specific rules apply to foreign investment: (1) Federal Law No 160-FZ of 9 July 1999 ‘On Foreign Investments in the Russian Federation’ (the Foreign Investment Law); and (2) for foreign
Competition
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