Insights | Denuo

Double taxation treaties with unfriendly jurisdictions (update)

The proposal made earlier by the Russian Ministry of Finance and the Ministry of Foreign Affairs to suspend double taxation treaties with unfriendly countries has received its new impetus to the development.

24 / 05 / 2310:30am msk

Enforcement of share purchase agreements

Denuo announces winners of 2023 Pavel Bakoulev Scholarship Award

Denuo is pleased to announce the winners of the 2023 Pavel Bakoulev Scholarship Award. This annual scholarship is awarded by Denuo to law students of Lomonosov Moscow State University, Russia’s leading law school.

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.”

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.

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.

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.

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.

10 / 04 / 233pm msk

Acquisition of real estate for development purposes

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.