Insights | Denuo

Denuo named best law firm at 2023 Russia Private Equity Awards

Denuo has been named the Best Law Firm at the 2023 Russia Private Equity Awards ceremony that took place during the Russian Private Equity Congress.

Venture capital financing: Liquidation preference

In this issue, we will talk about the liquidation preference. This is one of the most critical points for an investor when negotiating with the company raising investments, as this is the setup that lays the foundation for the distribution of funds in the event of a successful or unsuccessful outcome for the company.

Denuo launches offices in Georgia and Uzbekistan

Denuo, a full-service law firm founded in 2022 by the partners of DLA Piper’s CIS practice, opens new offices in Tashkent, Uzbekistan and Tbilisi, Georgia to service the local markets as part of a strategic regional expansion.

New procedure for distributing profit (dividends) to “unfriendly” members (shareholders) of Russian companies

The Subcommission of the Government Commission for Control over Foreign Investment in the Russian Federation established that foreign “unfriendly” shareholders may be entitled to receive profits of Russian companies in circumvention of the special procedure and without the approval of the Ministry of Finance of Russia, subject to certain conditions. Read more in our legal update.

24 / 10 / 2310:30am MSK

Participant’s withdrawal from a limited liability company: current court practice

When is a company subject to the GDPR?

The GDPR (General Data Protection Regulation) is an EU regulation on personal data protection. One should bear in mind, however, that the GDPR contains quite broad provisions on its extraterritorial applicability. In our legal update we look at common cases where the GDPR can apply to your business.

Roskomnadzor releases recommendations in connection with increasing personal data leaks

On its website, RoskomnadzorFederal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor) has published recommendations for personal data operators based on the findings of an analysis of databases that were leaked into the public domain. At Denuo, we are currently working on the methodology of building such compliance mechanism which should help minimise the likelihood of data leaks. If you would like to receive the methodology and relevant materials, please contact the authors of this publication.

Venture capital financing: Rounds and exists

Venture capital financing affects our lives much more than it may seem at first glance. The companies behind such popular products as Google, WhatsApp, Uber, Zoom, Yandex, Aviasales, Skyeng, Booking and many others once received venture capital investments. This financing mechanism is now the key driver of the modern technological economy.

12 / 09 / 2310:30am MSK

Irrevocable powers of attorney as a security instrument in business sale and purchase transactions and joint ventures

New challenge for business: changes to inclusion of dividends in customs value of imported goods

In this legal update, we will outline how the practice of including dividends in the customs value of goods has evolved and changed after the adoption, in the end of 2022 by the Russian Supreme Court’s Judicial Chamber on Economic Disputes, of a number of Rulings in relation to certain cases. We will also suggest recommendations for protecting companies’ interests.