By Maya Lester KC & Michael O’Kane

Russia enters foreign companies into compulsory administration

On Sunday 16 July 2023 the Kremlin entered into temporary administration the Russian subsidiary of French yoghurt maker, Danone, and the shares held by Danish brewer, Carlsberg, in a leading Russian brewer, Baltika (Kremlin press release, report). This action was taken pursuant to a presidential decree introduced in response to sanctions on Russia in April 2023 which allows the Russian …


About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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