The Bank of Russia has promulgated the Code of Responsible Investment tailored for institutional investors allocating capital in equities. The Code delineates comprehensive recommendations on the organization of responsible investment processes, issuer monitoring, the exercise of corporate rights, conflict of interest management, and disclosure practices. Particular emphasis is placed on engagement with joint-stock companies and the coordination of actions among investors.

On July 14, 2025, the Bank of Russia has released a summary capsuling the public discussion of its report titled "Information Transparency in the Securities Market: Issuers and Terms and Conditions for the Initial Public Offering of their Shares", based on which significant changes in the regulatory regime governing IPOs are expected to be introduced by the end of this year.

VERBA LEGAL advised MTS Bank (the "Bank") in connection with its RUB 4,000,000,000 New Equity Offering.

Here comes a new series of VERBA LEGAL's Doing Business studies on the specifics of doing business in various jurisdictions. The second issue focuses on India, one of the most dynamic emerging economics with enormous investment potential.

As requested by Vademecum, VERBA LEGAL's Healthcare and Pharmaceuticals Practice has prepared an overview of the regulatory acts that took effect in June 2025 and relate to circulation of medicines and medical products. Additionally, the lawyers discussed other documents that are expected to take effect later on and industry-specific future regulations that are being drafted at present.

The Firm's Corporate Law and M&A Practice team led by the Managing Partner Tatyana Neveeva and including Associates Marina Korneva and Valentina Shishova has prepared the counter-sanction regulatory update.

On July 1, 2025, ICC Russia held a roundtable discussion of intellectual property rights. The discussion focused on key legislative challenges in a platform economy environment, i.e. the issues of liability, counterfeit products and inefficiency of struggling against massive offences.

On June 26, Saint Petersburg hosted XV Russian M&A Congress: White Nights 2025 organized by PREQVECA and Cbonds-Congress. VERBA LEGAL was the prime sponsor of the event.

At the Congress, the leading experts and business figures will discuss the topical issues of the M&A market, modern trends and expectations of the business owners, prospects of the private equity and venture capital investments (PE&VC), and criteria for IPO and Pre-IPO success.

Our team has successfully completed the due diligence in connection with the acquisition by a Russia-based investor of the manufacturer of Miramistin, a leading drug in the antiseptic market.