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Episode Info

Episode Info:

Host Brian Wydajewski introduces Moscow Baker McKenzie partner a Sergei Zhestkov and Global Equity Services partner Narendra Acharya in Chicago, to discuss the current legal and regulatory landscape facing U.S. companies that are looking to grant stock options, RSUs, and other forms of equity compensation to employees in Russia.  

 

Key Takeaways:

[1:19] Zhestkov outlines the Central Bank of Russia’s current view regarding securities market law and how it applies to Russian companies that are granting awards, as well as best practices that companies should follow when making grants in Russia.

 

[3:29] Requirements and conditions for obtaining  valid consent from data subjects under the Russian Personal Data Law and how equity compensation awards are factored in.

 

[5:20] Two actions necessary for Russian compliance with global company HR and stock- based program requirements.

 

[6:41] Acharya details typical questions companies have when considering granting stock-based awards in Russia.

 

[7:42] How Russian foreign asset reporting requirements apply to stock that has been acquired through compensation awards granted by US companies, and variances in their requirements from other countries.

 

[9:22] Wydajewski summarizes the key issues for companies that are looking to grant equity compensation awards in Russia and introduces the next episode.

 

Mentioned in This Episode:

Baker & McKenzie

 

Disclaimer:

 

Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a "partner" means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an "office" means an office of any such law firm. This may qualify as "Attorney Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Before you send e-mail to Baker & McKenzie, please be aware that your communications with us through this message will not create a lawyer-client relationship with us. Do not send us any information that you or anyone else considers to be confidential or secret unless we have first agreed to be your lawyers in that matter. Any information you send us before we agree to be your lawyers cannot be protected from disclosure.

 

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