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Analysis: Russian Law on Stock Conversion Baffles Global Banks, Clients, Reuters

Thursday, October 13, 2022

Partner Grigory Marinichev was quoted in a Reuters article about complications global investors and banks have had converting depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law.

The article notes that some banks have had to pause such programs, resulting in international investors reporting the inability to convert their Russian assets.

“This is complete chaos now,” said Grigory. “Nobody understands what is happening and what will happen next.”

Read the full Reuters article >>

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