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7.3. M&A and Corporate Governance in Russia Today: Current Trends and Challenges

Thursday, 16 May
15:00 - 17:00

Hall #5, General Staff Building (6-8, Dvortsovaya sq.)

There was no increase in the volume of M&A in 2018 amid the moderate growth of the Russian economy (according to the Federal State Statistics Service of the Russian Federation, Russia’s GDP grew by 2.2% in 2018) and the existing sanctions imposed upon many Russian individuals and companies. Given the above-mentioned circumstances, the market participants are shifting their focus from searching for new opportunities for business expansion to cost reduction and risk allocation. This fact accounts for a moderate growth in the number of transactions involving the establishment of joint enterprises and the acquisition of minority interests as compared with the traditional Russian model of acquiring majority interests or 100% stakes.

With that in mind, the quality of corporate governance and mechanisms protecting minority shareholders’ rights are becoming more and more important.

However, Russian law is increasingly often applied in M&A, while the Russian jurisdiction is used for the establishment of corporate structures. As a consequence, the Russian legal system is being improved and therefore becoming progressively more suitable for such transactions.

The speakers will discuss the following topics as part of the session 'M&A and Corporate Governance in Russia Today':

  • M&A structuring trends;
  • Changes in legislation and court practice;
  • Topical issues involving the establishment of effective corporate governance and protection of minority shareholders’ rights;
  • M&A market trends in certain economy sectors;
  • M&A potential in the sector of innovations and technology, digital marketing, and trade.

Moderator

Maria Miroshnikova

Partner, Ivanyan & Partners

Speakers

James Emerson

Foreign Law Partner, Nishimura & Asahi

Daniel Hall

Partner, Eversheds Sutherland LLP

Elena Kuritsyna

Director Corporate Affairs Department, The Central Bank of the Russian Federation

Aleksey Nikiforov

Head of Legal, IP and Procurement procedures, SIBUR Holding

Biography

Graduated from Tomsk State University, 2005.

PhD in law, Tomsk State University, 2010.

MBA, Warwick Business School, 2018.

Since 2017 works in Legal department of SIBUR, the largest Russian petrochemical company.

Since 2015 heads Legal department, since 2016 supervises Intellectual property division, and since 2018 oversees procurement procedures of the company.

Andrew Nussbaum

Partner, Wachtell, Lipton, Rosen & Katz

Maxim Rasputin

Counsel, Ivanyan & Partners

Sergey Salikov

Director of M&A Division, Legal Department, Gazprombank JSC

Denis Spirin

Corporate Governance Director, Prosperity Capital Management (RF) Ltd.


* The Programme may be subject to change