OOO (LLC) and AO (JSC): special procedure for transactions with shares (interests)

Background

A decree has been signed that provides for a special procedure for certain types of transactions (operations) with interests ("shares") in certain companies (Decree of the President of the Russian Federation No. 221 of 29.03.2024). The issue is quite important, since for the absolute majority of such transactions involving "unfriendly" persons, approval of the Government Commission is required.

More about

It is clear from the name that certain transactions involving certain shares are specially regulated. We now want to find out which transactions with shares of which companies:

Paragraph 1 of the decree states that it… is intended for official use.

Paragraph 2 of the decree states that it … is also intended for official use. 

You are mistaken. This is not a joke, but the reality of Russian legislation.