Insights

legal updates
10 / 05 / 2023
European Union adopts new sanctions regime due to political situation in Moldova
On 28 April 2023, the European Union introduced a new sanctions regime against Moldova concerning, as the EU claims, “restrictive measures in view of actions destabilising the Republic of Moldova.”
legal updates
05 / 05 / 2023
Amendments to the Law on Strategic Investments signed by the Russian President
Amendments to Law No 57-FZ have been adopted to clarify the consequences of the invalidity of transactions performed in breach of Law No 57-FZ and to extend the definition of “foreign investor” to Russian citizens with foreign residence permits.
legal updates
03 / 05 / 2023
OFSI updates its Legal Services General Licence
On 29 April 2023, the UK Office of Financial Sanctions Implementation issued an updated Legal Services General Licence INT/2023/2954852.
legal updates
27 / 04 / 2023
Decree of the President of the Russian Federation on temporary management of foreign assets
On 25 April 2023, the President of the Russian Federation signed Decree No 302 “On Temporary Management of Certain Property,” which introduces a mechanism for the temporary management of assets held by persons of unfriendly states in the event that restrictive measures are imposed against Russian persons abroad.
press releases
27 / 04 / 2023
Denuo advises Cosmos Hotel Group on EUR200m acquisition of hotel business from Wenaas Hotel Russia
Denuo has advised Cosmos Hotel Group, a subsidiary of diversified publicly traded Russian investment company Sistema, on the EUR200 million acquisition of a 100% stake in a number of Russian companies owning ten hotels, the majority of which are operated by Radisson Hotel Group, in four Russian cities from Norway’s Wenaas Hotel Russia.
events
10 / 04 / 233pm msk
Acquisition of real estate for development purposes
press releases
07 / 04 / 2023
Denuo tops 2022 Kommersant rating
Denuo received 24 firm ratings in the 2022 Legal Market Leaders guide. The ratings are based on multistage research by Kommersant, Russia’s leading publishing house.
legal updates
31 / 03 / 2023
OFAC updated its FAQ on “exit tax”
On 30 March 2023, the US Treasury Department’s Office of Foreign Assets Control issued an update to its FAQ No 1118 in relation to the payment of the so-called “exit tax” (according to the OFAC wording).
press releases
23 / 03 / 2023
Denuo’s team leads Russia’s M&A for sixth consecutive year
For the sixth consecutive year, Denuo’s team has been recognised as the highest-ranked legal advisor in Russia for both M&A deal count and value, according to Mergers. ru league tables. The firm was involved in 23 transactions in 2022, valued at approximately USD1.5 billion.
events
21 / 03 / 2310:30am msk
Debt capital markets under sanctions
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