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Let's talk antitrust: Discussing recent cases and emerging competition issues
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Global | Publication | November 2016
Under the Russian Civil Code the value of the net assets of any company incorporated in Russia must, from the end of the second fiscal year after its incorporation and for every subsequent fiscal year, remain not less than the company’s charter capital. If this condition is not fulfilled, the company will be required to either increase its net assets at least up to the amount of its charter capital, or to register a decrease in its charter capital as prescribed by the law. Further, where a company’s net assets become less than the minimum charter capital required by the law, this company will become subject to liquidation.
In light of this requirement, we recommend calculating the value of your Russian companies’ net assets based on their balance sheets for the third quarter of the current year as soon as possible to determine whether they have a sufficient net assets value.
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Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Publication
After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
Publication
On 18 September 2023, the CMA published its Initial Report (Initial Report) on AI Foundation Models (FM), supplemented in April 2024 with the publication of its “Update Paper” focused on potential antitrust risks associated with FMs and a “Technical Update Report” providing more detail on the development on FMs (collectively the “Reports”). Below, we consider these CMA publications.
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