On June 6, 2017, Alexander Garmaev, Head of Corporate projects group, led a workshop on Shareholders’ Agreements under Russian Law: First Results.
Mr Garmaev spoke about the current approaches of the courts to resolving disputes arising from shareholders’ agreements and clarified the courts’ approach to the voting at the general shareholders’ meeting, decisions to recover damages and exercise options.
The expert also discussed practical approaches to structuring some of the standard provisions of a foreign shareholder agreement (SHA) under the Russian law, in particular, reserved matters, lock up, right of first refusal, tag along (drag along) and deadlock resolutions.
In conclusion, Mr Garmaev outlined the outstanding/contentious issues of Russian shareholders’ agreements.
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