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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 | March, 2016
We would like to remind you that according to Article 34 of the Federal Law “On Limited Liability Companies”, every Russian limited liability company is obliged to hold a regular (annual) general participants’ meeting in order, among other issues, to approve the results of the previous financial year of the company. The meeting must be held no earlier than 2 (two) months and no later than 4 (four) months after the end of the financial year of the company, i.e., between 1 March and 30 April.
In accordance with Article 47 of the Federal Law “On Joint-Stock Companies”, every Russian joint-stock company is obliged to hold an annual general shareholders’ meeting, in order, among other issues, to elect members of the board of directors (if applicable) and to examine and approve the results of the previous financial year of the company. The meeting must be held no earlier than 2 (two) months and no later than 6 (six) months after the end of the financial year of the company, i.e., between 1 March and 30 June.
Please note that under the Russian Code on Administrative Offences a fine up to 700,000 Russian Roubles (currently about USD 9,500) may be imposed on a company for violation of the requirements as to the convening and holding of the general shareholders’ (or participants’) meeting.
Should you have further questions we will be pleased to provide you with additional information.
Video
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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