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Legal Briefing
New venture capital partnership possibilities in Russia
Practice Area: Venture Capital
Sector: Business services
Jurisdiction: Russian Federation
Published: 20 June 2012
Law Firm: Goltsblat BLP
Overview
The new Russian Federal Law "On Economic Partnerships" comes into force on 1st July 2012 and lawmakers expect the law to be useful where venture projects have a need for a specific legal entity as the project vehicle. The new law is a response by lawmakers to the needs of Russia's emerging venture investment market for advanced commercial entities.
Goltsblat BLP outline the key features of the new law, including how it provides for a new commercial entity format called an "economic partnership"; and how the process for establishing an economic partnership will be regulated with regard to the specific needs of venture projects.
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