In early October, the Russian Government approved a number of Resolutions required for launching a new investment tool – Investment Protection and Promotion Agreements (‘IPPAs’ or ‘the Agreements’). The documents were adopted pursuant to the IPPA Law enacted on 1 April 2020. The Law has not so far been enforced because no approved agreement signing procedures are in place (by late October, no IPPAs had been signed).
Analysts of Kesarev address the main pros and cons of IPPA agreements from the perspective of foreign businesses and describe the stakeholders to be potentially involved in their preparation and signing. The current overview could be found here – https://kesarev.partners/insight_20201105
If you require more background information on how IPPA in Russia evolved, please follow this link for the first memo on IPPA – https://kesarev.partners/news_20200522