On 1 March 2020, the Russian President signed the bill setting
forth the legal framework for the internal systems of antimonopoly
compliance (the "Compliance Amendments"). The Compliance
Amendments will come into force on 12 March 2020.
The Compliance Amendments set forth the right of Russian
companies to introduce the system of internal antimonopoly
compliance. The introduction of such a system shall be documented
via an internal act or several acts having the following main
purposes: compliance with antimonopoly law and prevention of its
violation (the "Compliance Act").
The Compliance Act shall include:
- requirements to assess the risks of
violation of the antimonopoly law in the company;