Some minority shareholders are unhappy. With the terms of the new zealand telegram data exchange of foreign shares for Russian ones. Which depend on the term of transferring the securities to Russian depositories. A class action lawsuit was fil on this matter. How does the Central Bank assess the situation?
The case of Yandex, the incorporation
mechanism was us. A foreign company creat a Russian subsidiary, which was sold to new owners. All issues of buying out and exchanging shares of a foreign company could be resolv exclusively by an agreement between the foreign Yandex and the Russian Yandex MKPAO. This is what was done.
Those Yandex shareholders who met
the terms of such an agreement were able to submit an offer. But not all acas head of collective dispute resolution investors were happy: in particular, the initial deadlines for submitting an offer were too tight. We recommend extending these deadlines, which allow america email investors to collect the necessary supporting documents and participate in the exchange and buyout of securities.