15 / 1210:30 mskPlurality of sole executive body in Russian business companies: key issues and court practice
06 / 12 / 23
On 27 November 2023, the President of the Russian Federation signed Federal Law No. 539-FZ intoroducing significant changes to the Russian Tax Code, including amendments providing that, with effect from 1 January 2024, the remuneration for the work or services performed by interdependent foreign entities to Russian taxpayers shall be subject to the Russian withholding tax at a rate of 15%. Read further in our legal update.
04 / 12 / 23
In 2021, Kaproben Handels, a Swiss coal trader, was in a dispute with OTEKO-Portservice, a major transhipment operator in Russia’s Taman seaport, over the unilateral termination by Kaproben Handels of a USD315 million transhipment contract.
23 / 11 / 23
The Presidium of the Supreme Court of the Russian Federation approved the Summary of Judicial Practice on Corporate Disputes on the Provision of Information by Companies. In general, the Review reflects the positions previously set out in the clarifications of the Higher Arbitrazh Court of the Russian Federation. However, it also considers the issue of providing information to persons controlling companies, touches upon the criteria of good faith of participants/shareholders when requesting documents and information from a company, and assesses the provisions of confidentiality agreements.
21 / 1210:30 mskLease of commercial immovable property: analysis of key contract terms and negotiating positions of the parties
10 / 11 / 23
The recently introduced draft law that has just been introduced in the State Duma of the Russian Federation proposes to provide for the possibility of allocating shares in the exclusive right to intellectual property assets and to create a mechanism for the disposal of such shares. These amendments, if enacted, may have a significant impact on the structuring of joint ventures and on the early phases of structuring relationships between the founders of technology companies. They may also affect the structuring of M&A transactions where intellectual property plays a major role.
07 / 11 / 23
The August Decree of the Russian President suspended certain provisions of tax treaties between the Russian Federation and 38 countries (“DDT”). The Russian Government has outlined measures to reduce the impact of the DTTs suspension on the Russian economy. In particular, it was suggested that an exemption from or a reduced corporate profits tax rate be established for certain types of income paid to those foreign companies that have previously been subject to an exemption from withholding taxation or a reduced withholding tax rate. Read further in our legal update.
02 / 11 / 23
The Moscow District Arbitrazh Court upheld the position of the lower courts in relation to the validity and enforceability of the sanctions clause. Read further in our legal update on the relevance of the case and the court’s findings.
26 / 10 / 23
Recent legislation changes have obliged owners of websites, applications and other online resources using recommendation algorithms, to inform users of the work of the algorithms and to publish the respective rules in Russian on their resources, making them freely available to the public on a free-of-charge basis. Read more about the new requirements in our legal update.
20 / 10 / 23
On 1 September 2023, the provisions of more than 600 federal laws became effective. Our team has analysed the major regulatory changes in the intellectual property and technology area.
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