Russian companies will now also be able to issue multi-voice shares

Russian President Vladimir Putin has signed a law that allows ATS-registered international companies to issue shares with multiple voting rights. Multi-voting shares must be convertible into single-voting shares when they are alienated in any way to a third party. The innovations allow companies such as Yandex and VK to retain voting and economic stakes in the capital in the existing proportions, should the companies decide to re-domicile in Russia.