A first-of-its-kind merger of Russia’s
two biggest exchanges will set a new market standard for
protecting the rights of minority shareholders.
Debevoise & Plimpton’s Moscow-based
partner Alan Kartashkin told IFLR the Russian Trading System
(RTS)/Micex union set a strong precedent for other companies
because it was structured so that minority shareholders have
the opportunity to participate in the transaction on the same
terms as larger shareholders.
"This was a critical requirement recognised by both