Russia

Russian depositary receipts: conversion complexities

New federal law This is partly due to a new federal law, that prohibits Russian issuers from selling their shares abroad through depositary receipts. It also requires issuers to take delisting measures if they don't receive approval to maintain their depositary receipt programs. For many years, shares of some major Russian issuers were traded on [...]

Conversion of Russian ADRs and GDRs

Our solutions To address these issues, GFLO Consultancy, has developed solutions and provides successful support to investors who wish to convert their Russian ADRs and GDRs to underlying shares for which such depositary receipts were issued. What we offer: free case assessment; free initial consultation; quick turnaround time, which is especially important due to the [...]

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