Russia: Relaxation of the approval requirement for foreign acquisitions
Description
On November 17, 2011 the Russian government released the
Federal Law No.322-FZ which relaxes the approval requirement for foreign acquisitions from previously 10 percent to up to 25 percent of the shares of companies developing federal subsoil resources.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 15/05/2012
Implemented: Yes
Date of inception: 17 Nov 2011
GTA Evaluation: Green
Source:
Federal Law No.322-FZ. Cited in:
UNCTAD. (2012). Investment Policy Monitor 7. Available at http://unctad.org/en/PublicationsLibrary/webdiaepcb2012d1_en.pdf
Government Response:
- 312 reads
