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ADVOCATING
MINORITY SHAREHOLDERS
RIGHTS

Improving Russian corporate climate

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We provide services related to protection of minority shareholders’ rights, investment expertise, legal and consulting support. Our customers are Russian and western investment funds.

The mission of Myriad Rus is to improve the corporate climate in Russia. We partner with owners and management of public companies in order to ensure sustainability and transparency of their business for all shareholders, and create investment, corporate and judicial practices that directly promote investors’ trust in Russian companies.

Please visit downloads to read about shareholders rights and powers, and get other useful information

Expert appraisal of Russian companies for investment purposes

Expert appraisal of Russian companies for investment purposes

Expert appraisal of Russian companies for investment purposes

Financial analysis of companies, analysis of ownership structures, analysis of corporate law infractions and evaluation of legal risks, formulating a legal position for minority shareholders.

Advocacy of minority shareholders

Advocacy of minority shareholders

Advocacy of minority shareholders

Filing claims with supervising authorities and courts to protect minority shareholders' rights and interests, contesting dubious transactions, blocking assets disposals, representing minority shareholders in boards of directors, etc.

Consolidation of minority shareholdings

Consolidation of minority shareholdings

Consolidation of minority shareholdings

Building a legal framework for coordination between minority shareholders of a company. Developing a concerted action strategy for minority shareholders.

Resolving corporate conflicts

Resolving corporate conflicts

Resolving corporate conflicts

Building partner-style relationships with owners and management of public companies intended to ensure stability and transparency of their business for all shareholders. Finding win-win solutions for majority and minority owners.

Organising direct investments

Organising direct investments

Organising direct investments

Forming direct investment funds to finance transactions with illiquid assets. Raising both Russian and foreign short- and long-term funding. Sharing financial risks with partners.

Letter to Shareholders of Gazprom

At the beginning of September 2015 the Board of Directors of “PAO Gazprom Gazoraspredelenie Nizshniy Novgorod” decided to increase the authorized capital by issuing additional private placement shares and allotting them among three companies that do not form part of “Gazprom” Group: “ZAO Financial Analytical Center ”, “OOO Investment Partner ” and “ZAO Citytrade” that resulted in the lowering of the PJSC “Gazprom’s” control over “PAO Gazprom Gazoraspredelenie Nizshniy Novgorod” from 75% to 31,98%. The reasons for such issue are not clear up to now as “Oblgaz” has always been and still remains the highly profitable business that never lacked extra investment.

We call your attention that “Gazprom” has never been indemnified for the loss of the corporate control over this large entity.

Minority shareholders of the Group are planning to raise a claim against the Management Team of the PJSC “Gazprom” claiming damages for loss of control over “Oblgaz”. In accordance with Russian laws a lawsuit can only be filed by a group of shareholders (a single shareholder) who possess(es) at least 1% of voting shares of PJSC “Gazprom”.

Please note that we need more voting shares to file the claim!

We call all shareholders of PJSC “Gazprom” to join us because there is only one way we can defend the interest of the Russian main company!

Learn More About The Claim Against Gazprom

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Testimonials

Andrey Dekalchuk

General Director, OAO TITAN-2

«After many years of working with that company, our impressions are but favourable. We look forward to continuing our fruitful co-operation with Myriad Rus».

Arsen Egazaryan

Director, OOO SpectrInvest

«Myriad Rus is run by a wonderful team of young professionals who come up with effective and out-of-the-box solutions for complicated shareholder issues. I would recommend that company’s services to anyone who is in the market of non-liquid assets».

Philipp von Bernstorff

Portfolio Manager Vulpes Russian Opportunities Fund

«The Myriad team is highly professional with a strong ethical believes. We will continue working with them on our projects».

Read moreHide testimonials

Accomplished projects

БЭНЗ
 
Уральский банк реконструкции и развития
 
Банк Таврический
 
Альметьевский трубный завод
 
Саратовэнерго
 
Зарубежводстрой
 
 
Газпром Геофизика
 
UILDZ
 
Biohimik
 
plus-bank
 
omskshina

News

The most recent information (in june 2017 updated)

05.04.2017 | Minority shareholders of PJSC “Gazprom” have required assistance of “Rosneftegaz” in order to take “Oblgaz” out of “Gazprom’s” control.

“Rosneftegaz” owns almost 11% of shares of PJSC “Gazprom” being one of the principal State representatives among shareholders. We are sure that “Rosneftegaz” will help us to seek compensation from the Management Team of the Company for the withdrawal of the big structural subdivision.

Full version (in Russian only)

29.03.2017 | Minority shareholders of PJSC “Gazprom” have required the Federal Agency for State Property Management to assist with the removal of "Oblgaz" out of control of “Gazprom”.

The Russian Federation is the principal shareholder of PJSC “Gazprom”. This is why the removal of the regional subdivision out of control of so-called “National Treasure of Russia” will have drastic effect on the interests of the country. We hope that the Federal Agency for State Property Management will join our lawsuit.

Full version (in Russian only)

28.03.2017 | Good redemption deserves fair compensation.

As Minority Shareholders believe basing their opinion on Russian legislature “Gazprom” should have offered them to buy its shares of “Oblgaz”. But that has never been done causing to Boreas loss of profit of 11 million rubles. Therefore Minority Shareholders are going to punish “Gazprom” for non-compliance with Russian laws but experts think that it would be very difficult to prove that any damage…

Full version (in Russian only)

24.03.2017 | Minority Shareholders require recovering loss in the amount of 11 million rubles caused by “Gazprom”.

The lawsuit was filed to the Moscow State Commercial Court 23 March (the copy of the document is at disposal of RBC-NN). The date of hearing has not been established yet. “Boreas Asset Management Ltd.” insists that the reason of such loss of profit was that that while the transaction of sale of 25,5% of voting shares to the affiliated company was in process…

Full version (in Russian only)