Insights | Denuo

02 / 04 / 2510:00 msk

Comprehensive tax treaty of the Russian Federation with the UAE. New opportunities for companies and business owners

Tougher personal data localisation requirements from 1 July 2025

On 28 February 2025, a federal law amending the Federal Law “On Personal Data” was published. The amendments will enter into force on 1 July 2025 and tighten the requirements for the localisation of personal data of citizens of the Russian Federation. In addition, based on the amendments, localisation requirements now apply not only to operators, but also to “processors” (persons processing personal data as instructed).

EU adopts 16th package of sanctions against Russia

On 24 February 2025, legal acts formalising the 16th package of European Union restrictive measures (sanctions) agains Russia. Read further in our legal update.

Clarifications that require clarification: the Russian Ministry of Finance updates its position on inclusion of dividends in the customs value

The Russian Ministry of Finance has published a new letter on the issue of including dividends in the customs value of goods. Although many foreign economic activity participants were expecting clarifications that would help eliminate contradictions in the current practice, the Ministry’s new position leaves more questions than answers. Read about the key conclusions of the Ministry of Finance, their potential impact on law enforcement practice and further prospects of regulation in our team’s overview.

Review of UK sanctions of 24 February 2025

On 24 February 2025, the United Kingdom announced new blocking sanctions targeting more than 100 Russian and foreign individuals and legal entities, as well as ships that are part of Russia’s so-called “shadow fleet.” Our team summarised the most significant designations in their legal update.

19 / 03 / 25

Alternative methods of dispute resolution in current environment: mediation and arbitration

New rules of the Singapore International Arbitration Centre

Effective 1 January 2025, the Singapore International Arbitration Centre has new arbitration rules that apply to arbitrations that commence on (or after) 1 January 2025, unless an arbitration clause specifies the application of the SIAC Rules in a particular wording.

Government commission authorises sale of blocked assets to foreign buyers

In January 2025, the Russian Ministry of Finance published an Extract from minutes of the meeting of the subcommittee of the Government Commission on Monitoring Foreign Investment in Russia No. 121/4, according to which residents, including Russian depositories, are permitted to carry out transactions involving foreign securities with “unfriendly” non-residents if, as a result of such transactions, the foreign securities will be debited from the account of Non-Banking Credit Organisation Joint Stock Company National Settlement Depository (“NSD”) opened by the NSD with a foreign depository.

Denuo ranked a leading legal M&A advisor in CEE by Mergermarket 2024

Denuo has been ranked among the top 20 leading legal advisors by M&A deal count in Central and Eastern Europe according to the Mergermarket Global and Regional M&A Legal Advisory Rankings for the full year of 2024.

Review of US Sanctions of 10 January 2025

On 10 January 2025, the US Department of the Treasury announced a significant expansion of sanctions on the Russian energy sector. The most significant changes are summarised in our legal update.