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Update: Russia Adopts Draft Law Allowing DR Conversion Without Reference to Foreign Infrastructure | Morgan Lewis

The State Duma, Russia’s parliament lower chamber, adopted draft law No. 116264-8 on June 29, 2022, containing rules allowing the conversion of depository receipts into the underlying. ....

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Update: Russia Adopts Draft Law Allowing DR Conversion Without Reference to Foreign Infrastructure – Publications

The State Duma, Russia’s parliament lower chamber, adopted draft law No. 116264-8 on June 29, 2022, containing rules allowing the conversion of depository receipts into the underlying Russian shares without a need to go through non-Russian depositary banks, custodians, brokers, and other similar institutions. ....

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