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In wake of BP-Rosneft failed venture, FAS investigating shareholder agreements

By  |  June 7, 2012

Prompted by Rosneft’s complaint after the failure of the BP-Rosneft 50-50 venture, Russia’s Federal Anti-Monopoly Service (FAS) is investigating shareholder agreements between BP and its Russian partners in TNK-BP. The deal’s collapse is partially attributed to the fact that confidentiality clauses blocked the disclosure of shareholder agreements that give TNK-BP the right of first refusal. Such agreements carry weighty consequences for future foreign investment in Russia.

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    Related content: Competition Policy in Russia: Historical Sources, the Current State, and Evolutionary Perspectives (Yuri Rubin, Moscow University of Industry and Finance, Sovremennaya Konkurentsia & Denis Matvienko, Moscow University of Industry and Finance)

     

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