RVC and partner develop guidelines for Russia?s new Investment Societies

Russian Venture Company and a Russian law firm are helping entrepreneurs in Russia engage in investment activity based on the new Investment Society Agreement.

Russian Venture Company (RVC) and Liniya Prava, one of Russia?s leading legal consultancies in the field of capital markets, are helping entrepreneurs in Russia engage in investment activity in the new Investment Society format. To facilitate the process, the two have drafted an Investment Society Agreement Model in full compliance with Federal Law #335 ?On Investment Societies? of November 28, 2011, the RVC website announced. The Model is said to be based on international best practices in investing activity and on expertise that Russian VC and PE market experts have brought into it. The Agreement Model offers new opportunities in arranging joint investments between partners in a project, and contains a range of solutions to issues that are legally guided by discretionary rule. ?The law on investment societies was originally introduced as a flexible tool for developing VC and PE markets in Russia, aimed at boosting the attractiveness of Russian jurisdiction and lowering risk barriers,? said Andrei Vvedensky, the head of RVC?s Infrastructure and Regional Development Department...