Insights
Insights
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legal updates
31 / 07 / 2023
On 27 July 2023, Russia’s Ministry of Finance published an extract from the decision of the Sub-Commission of the Government Commission on Monitoring Foreign Investment in the Russian Federation No. 176/3 containing two criteria which may permit Russian legal entities with obligations under foreign bonds issued by foreign entities to avoid issuing such replacement Eurobonds.
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legal updates
25 / 07 / 2023
The Plenum of Russia’s Supreme Court adopted Resolution No. 23 of 27 June 2023 “On the Application by Courts of Rules on the Pledge of Assets”, which is aimed at ensuring that courts consider cases relating to the application of certain provisions of the legislation on pledging items in a consistent manner.
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legal updates
23 / 07 / 2023
On 8 June 2023, the Arbitrazh Court of St Petersburg and the Leningrad Region issued a ruling in case No. A56-129797/2022 between RusChemAlliance LLC and Linde GmbH. The Court found that it had jurisdiction, as it did not consider the Hong Kong International Arbitration Centre as sanctions-neutral. Read in more detail in our team's legal update.
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legal updates
22 / 07 / 2023
After 24 February 2022, many Russian companies whose ownership structure included companies incorporated in so-called “unfriendly jurisdictions” encountered certain difficulties related to corporate decision-taking by such foreign shareholders. Our team analyses the text of the Draft Law which may help resolve a number of the related issues.
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legal updates
20 / 07 / 2023
The Russian Ministry of Finance has revised the list of states and territories that (i) provide preferential tax treatment and/or (ii) do not disclose or provide information on financial transactions. The updated List was introduced by Order No. 86n of the Ministry of Finance dated 5 June 2023 and entered into force on 1 July this year.
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legal updates
18 / 07 / 2023
The Government has introduced another round of sweeping changes to taxation laws (Draft Law No. 369931-8 ). For the time being, this draft law has been prepared for its second reading and will be further refined. However, the key positive developments connected with personal trust taxation can already be highlighted.
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legal updates
14 / 07 / 2023
The website of the Ministry of Finance of the Russian Federation published an extract from Decision No. 171/5 of the Sub-Commission of the Government Commission dated 7 July 2023, which clarifies the conditions for the performance of transactions in accordance with countersanction Decrees of the President of the Russian Federation.
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legal updates
14 / 07 / 2023
On 27 June 2023, the Plenum of the Supreme Court of the Russian Federation issued Resolution No. 23 “On the Application by Courts of Rules on the Pledge of Assets.”
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legal updates
05 / 07 / 2023
In this legal update, our team addresses current trends in the development of court cases related to charging agency VAT additionally on the customs value of goods, and gives recommendations regarding the mitigation of the related risks.
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events
27 / 07 / 2310:30am msk
Recent trends in court practice concerning the conclusion of corporate agreements under Russian law
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