Best Equity Capital Markets Lawyers in Russia

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Founded in 2000
50 people in their team
Kucher Kuleshov Maksimenko and Partners (KKMP) is an independent Russian law firm formed by the former team of the Moscow office of the international leader in the legal market - Debevoise & Plimpton LLP.We have retained key lawyers and all areas and practices created over almost three decades...
Lex Law Firm
Moscow, Russia

Founded in 1994
40 people in their team
English
Lex-Pravo is a Moscow based group of legal companies that has served clients since 1994. The firm employs 40 qualified lawyers across three offices in Moscow, Krasnodar and Tyumen, delivering integrated legal services to corporate and private clients. Its approach combines decades of experience...
Pepeliaev Group
St Petersburg, Russia

Founded in 2002
250 people in their team
Russian
English
Chinese
Pepeliaev Group: Comprehensive Legal Solutions Across BordersWith over two decades of unparalleled expertise, Pepeliaev Group stands as one of Russia's foremost law firms, providing a full spectrum of legal services tailored to meet the complex needs of businesses both within Russia and...
Law firm Basalt
Moscow, Russia

Founded in 1996
English
Law firm Basalt is a Moscow-based legal and accounting practice that has provided corporate formation, registration and business-support services since 1996. The firm focuses on company registration, reorganization, liquidation and on-going legal and accounting maintenance for small and...
Duvernois Legal
St Petersburg, Russia

Founded in 1999
50 people in their team
Russian
English
About companyDuvernois Legal  was founded in St. Petersburg and has been present on the legal services market since 1999. Over the 20 years of its existence, the company has become one of the leaders in the segment of providing legal services for Russian and international business. The company...

Founded in 2010
English
M-BIZ, Business Support Center operates as a multidisciplinary consulting and service provider for small and medium enterprises, offering accounting, software development, business registration, legal services and automation solutions. The company is registered as LLC "CPB 'M-Biz'" and its public...
Kazakov and Partners
Moscow, Russia

Founded in 2003
50 people in their team
Russian
English
The non-profit company Kazakov and Partners, Attorneys at Law was founded in April 2003 Noginsk town in Moscow Region in accordance with the Federal Law On Advocacy and the Bar of in Russian Federation, with the purpose of providing competent legal assistance...

Founded in 2003
English
Vector Prava is a Moscow based law firm with a track record dating back to 2003. The firm is accredited with the Deposit Insurance Agency and has specialized in guiding bank insolvency procedures for credit institutions, reflecting a deep understanding of financial sector dynamics across a broad...

Founded in 2004
62 people in their team
English
RosCo - Consulting & Audit is an international group of companies that provides a wide range of services worldwide in the field of legal and tax consulting, audit, valuation and accounting services. The firm maintains representative offices in Moscow, Istanbul and London, enabling coordinated cross...
CLIFF Law Firm
Moscow, Russia

Founded in 1994
50 people in their team
Russian
English
CLIFF Law FirmFounded in 1994, CLIFF Law Firm has brought together a team of highly qualified experts in corporate, international and civil law, as well as audit and accounting professionals.OUR EXPERIENCE:With experience accumulated over the years, we offer high quality legal services based on our...
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About Equity Capital Markets Law in Russia

Equity Capital Markets (ECM) in Russia refer to the sector where companies raise capital through the issuance and sale of shares or other equity instruments. This includes initial public offerings (IPOs), secondary offerings, rights issues, and private placements. The Russian equity capital market is primarily regulated by the Central Bank of Russia and operates within a distinct legal framework that sets out the rules for companies, investors, and intermediaries involved in equity fundraising activities. Understanding these laws is vital for anyone participating in ECM transactions in the country, as compliance is closely monitored by state authorities.

Why You May Need a Lawyer

Legal assistance is essential in Russian ECM transactions due to their complexity and the strict regulatory requirements. Common scenarios in which individuals or companies may require a lawyer include:

  • Preparing for an IPO or secondary offering on the Moscow Exchange
  • Advising on cross-border equity offerings involving Russian companies or investors
  • Drafting and reviewing disclosure documents, such as prospectuses
  • Ensuring compliance with corporate, securities, and anti-money laundering regulations
  • Resolving disputes related to shareholder rights or share ownership
  • Navigating regulatory approvals from the Central Bank of Russia or other authorities
  • Structuring offerings to comply with both Russian and international regulations
  • Advising on the impact of sanctions or other geopolitical developments on ECM activities

Having a qualified ECM lawyer helps to safeguard your interests, minimize risks, and enable smooth navigation of Russia’s complex legal environment.

Local Laws Overview

The legal framework for ECM in Russia is shaped by several key pieces of legislation and regulations:

  • Federal Law on the Securities Market: This law sets out the main rules for issuing, registering, and trading securities, including shares.
  • Central Bank of Russia Regulations: The Central Bank supervises securities market activities and issues binding regulations and instructions for issuers, underwriters, and market participants.
  • Corporate Law (Joint Stock Companies Law): This law regulates the formation, operation, and governance of joint stock companies, which are the main type of entity participating in ECM transactions.
  • Disclosure Requirements: Companies must provide detailed information about their financial situation, management, and risks in offering documents submitted for ECM transactions.
  • Foreign Investment Laws: Restrictions or special requirements may apply to foreign investors or certain strategic sectors.
  • Anti-Money Laundering and Compliance: Strict due diligence and compliance obligations are imposed on participants in ECM deals.
  • Listing Rules: The Moscow Exchange sets specific listing and reporting requirements for companies seeking to trade their shares publicly.

Understanding and complying with these laws is crucial for the success and legality of ECM transactions in Russia.

Frequently Asked Questions

What is an Initial Public Offering (IPO) in Russia?

An IPO is the process by which a company offers shares to the public for the first time on a recognized exchange, such as the Moscow Exchange. This enables the company to raise capital from a wide range of investors.

What legal requirements must be met for an IPO in Russia?

Companies must prepare and register a prospectus with the Central Bank of Russia, comply with disclosure requirements, and ensure their corporate structure meets the applicable laws. Additional rules may apply if foreign investors or cross-border elements are involved.

Who regulates equity capital markets in Russia?

The Central Bank of Russia is the main regulator overseeing ECM activities, including the issuance and trading of shares by Russian companies.

Can foreign investors participate in Russian ECM transactions?

Yes, but there may be restrictions in certain industries defined as strategic sectors, and foreign investors may be subject to additional reporting and compliance requirements.

What documents are typically required for an ECM transaction?

Key documents include the prospectus, corporate resolutions, offering memoranda, underwriting agreements, and regulatory filings required by the Central Bank and the trading exchange.

How are shareholder rights protected under Russian law?

Shareholder rights are protected through corporate law provisions, requiring transparency, fair treatment, disclosure, and giving shareholders rights to vote on major decisions and receive dividends.

What are the key risks involved in ECM deals in Russia?

Risks include regulatory noncompliance, market volatility, changes in tax or securities laws, and exposure to sanctions or international restrictions.

Is legal due diligence necessary for ECM transactions?

Yes, legal due diligence is critical to ensure the offering is compliant with all applicable laws, to identify risks, and to enhance investor confidence.

What is the Moscow Exchange, and why is it important?

The Moscow Exchange is Russia’s main stock exchange. Listing on this platform provides companies access to capital and is subject to rigorous regulatory and reporting standards.

How long does it take to complete an IPO in Russia?

The IPO process in Russia typically takes several months, depending on the company’s readiness, the complexity of the transaction, and regulatory approval timelines.

Additional Resources

If you are seeking more information or assistance, consider contacting the following organizations and resources:

  • Central Bank of Russia - The main regulatory authority for securities and finance
  • Moscow Exchange - Russia’s primary stock exchange for ECM activities
  • Federal Service for Financial Markets (FSFM) - Archived resource for historical regulations and policies
  • Ministry of Economic Development - Provides information on investment and corporate regulations
  • Russian National Association of Securities Market Participants (NAUFOR) - An industry association offering reports and guidance
  • Professional law firms specializing in ECM and securities law in Russia

Next Steps

If you need legal assistance in relation to Equity Capital Markets in Russia, follow these steps:

  • Assess your specific needs, such as preparing for an IPO, ensuring compliance, or advising on foreign investment
  • Gather all relevant documentation, including company charters, financial statements, and previous regulatory filings
  • Research qualified ECM lawyers or law firms with proven expertise in Russian securities law
  • Schedule a consultation to discuss your objectives, legal risks, and possible strategies
  • Ensure the lawyer you choose understands both national and international elements relevant to your transaction
  • Work closely with your legal advisor to prepare documents, meet filing requirements, and maintain compliance throughout the ECM process

Proper legal guidance is essential for the successful management and execution of ECM transactions in Russia. If in doubt, consulting a professional will help you avoid costly mistakes and achieve your business goals within the framework of Russian law.

Lawzana helps you find the best lawyers and law firms in Russia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Equity Capital Markets, experience, and client feedback.

Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters.

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Disclaimer:

The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.

We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.