Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Russian Federation - Introduces changes in the corporate governance of economically significant entities with foreign participation
Russian Federation
Introduces changes in the corporate governance of economically significant entities with foreign participation
04 Sep 2023On 4 August, 2023, the President of the Russian Federation signed into law Federal Law No. 470-FZ, titled "On the Specifics of Corporate Governance in Business Companies Deemed Economically Significant Organizations". The law entered into force on 4 September 2023.
Under the new law, any Russian limited liability company or joint-stock company may be considered an "economically significant organization" if it meets certain quantitative and significance criteria and if its non-Russian parent company is connected with an "unfriendly state". The significance criteria include: if the company's aggregate revenue exceeds 75 billion rubles, if it employs over 4,000 individuals within its Russian group, if it possesses assets valued at more than 150 billion rubles, if it is designated as a "subject of critical information infrastructure," or if it provides technology or software for socially important services, or IT/communication services.
The law allows for the suspension of a foreign holding company's corporate rights with respect to an "economically significant organization" under various circumstances. These include instances where the foreign holding company avoids exercising corporate rights or takes actions that obstruct the management of mentioned organization. Consequences of such suspensions encompass the loss of voting rights at shareholder meetings, the inability to participate in or request meetings, and the forfeiture of corporate rights, such as receiving dividends or exercising preemption rights. Furthermore, the foreign holding company is prohibited from disposing of its shares.
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Type:
- Treatment and operation (Company laws and corporate governance)
- Treatment and operation (Capital transfer and FOREX, Operational conditions )
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Industry:
- Not industry specific
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Sources:
- publication.pravo.gov.ru, Федеральный закон от 04.08.2023 № 470-ФЗ "Об особенностях регулирования корпоративных отношений в хозяйственных обществах, являющихся экономически значимыми организациями", http://publication.pravo.gov.ru/document/0001202308040071?index=1, 04 Aug 2023
- lexology.com, Update: Russia Adopts Law Removing ‘Unfriendly State’ Holding Companies from Shareholding in Certain Russian Companies, https://www.lexology.com/library/detail.aspx?g=749edc31-26ac-44e0-b2a3-9524613783df&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2023-08-08&utm_term=, 04 Aug 2023
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.