Insights | Denuo

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).

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.

21 / 03 / 2310:30am msk

Debt capital markets under sanctions

Double taxation treaties with unfriendly jurisdictions

On 15 March 2023 the Russian Ministry of Finance and the Ministry of Foreign Affairs published a proposal to suspend double taxation treaties with all countries that have imposed unilateral economic restrictive measures against Russia.

02 / 03 / 2310:30am msk

Foreign investors’ exit from Russian assets. 2022‑23 outcomes

Denuo advises Milestone Capital on acquisition of a majority stake in Kodix Auto

Denuo has advised Milestone Capital, a Russia-based search fund, on the acquisition of a majority stake in Kodix Auto, a Russian IT company that offers innovative digital products and solutions servicing to enhance car sales by leading automotive brands and their dealers.

16 / 02 / 2310:30am msk

Current trends in court practice concerning pre-contractual liability in M&A transactions

Overview of court practice on unauthorised construction in Russia

On 16 November 2022, the Supreme Court of the Russian Federation issued an overview of court practice on unauthorised construction.

The Russian Supreme Court sets aside court decisions in favour of importers

Denuo tops 2022 Pravo‑300 rating

Denuo received 28 firm ratings in the 2022 Pravo-300 guide. The ratings are based on extensive research by Pravo.ru, Russia’s major legal media which carries out an annual survey of the local legal market.