In the absence of the approval of the Government Commission, a transaction is invalid – the Moscow Circuit Commercial Court
In a ruling published on 24 October 2023, the Moscow Circuit Commercial Court upheld the finding that the sale of real estate by a company with an “unfriendly” participant without the approval of the Government Commission[1] is invalid. On 19 August 2022, Bauer Technology LLC (the “Company”), which is 100%-owned by Bauer Spezialtiefbau GmbH (Germany), …