Insights | Denuo

Review of UK sanctions of 24 February 2025

On 24 February 2025, the United Kingdom announced new blocking sanctions targeting more than 100 Russian and foreign individuals and legal entities, as well as ships that are part of Russia’s so-called “shadow fleet.” Our team summarised the most significant designations in their legal update.

19 / 03 / 25

Alternative methods of dispute resolution in current environment: mediation and arbitration

New rules of the Singapore International Arbitration Centre

Effective 1 January 2025, the Singapore International Arbitration Centre has new arbitration rules that apply to arbitrations that commence on (or after) 1 January 2025, unless an arbitration clause specifies the application of the SIAC Rules in a particular wording.

Government commission authorises sale of blocked assets to foreign buyers

In January 2025, the Russian Ministry of Finance published an Extract from minutes of the meeting of the subcommittee of the Government Commission on Monitoring Foreign Investment in Russia No. 121/4, according to which residents, including Russian depositories, are permitted to carry out transactions involving foreign securities with “unfriendly” non-residents if, as a result of such transactions, the foreign securities will be debited from the account of Non-Banking Credit Organisation Joint Stock Company National Settlement Depository (“NSD”) opened by the NSD with a foreign depository.

Denuo ranked a leading legal M&A advisor in CEE by Mergermarket 2024

Denuo has been ranked among the top 20 leading legal advisors by M&A deal count in Central and Eastern Europe according to the Mergermarket Global and Regional M&A Legal Advisory Rankings for the full year of 2024.

Review of US Sanctions of 10 January 2025

On 10 January 2025, the US Department of the Treasury announced a significant expansion of sanctions on the Russian energy sector. The most significant changes are summarised in our legal update.

Ministry of Finance and the Bank of Russia clarify rules of disclosure of sanctions-sensitive information by issuers

On 27 December 2024, an information letter of the Ministry of Finance and the Central Bank of the Russian Federation was published dedicated to the issues of the exercise by issuers of the right to restrict their disclosure (provision) of information. The Letter is aimed at unifying the practice of limited disclosure of information by issuers in accordance with the provisions of Resolution of the Government of the Russian Federation No 1102 dated 4 July 2023, which gives the issuer of securities the right not to disclose certain information if such disclosure may lead to the imposition of foreign sanctions against the issuer.

Russia’s Federal Tax Service substantially shortens the list of states eligible for automatic exchange of financial information

On 20 December 2024 the Federal Tax Service of Russia published an order that significantly shortened the list of states automatically exchanging financial information with the Russian Federation (to 63 states). In particular, all EU member states were removed from the list.

Denuo tops 2024 Law Experts rating

Denuo has been ranked among the leaders of 2024 Law Experts. Best Legal Consultants Russian national rating. The project was launched in 2024 by Expert RA rating agency and Expert Business Solutions analytical company with the support of VEB.RF and information support of Expert magazine.

State Duma passes a law designed to enhance closed-end mutual funds (ZPIFs) by introducing ordinary and preferred fund units

On 17 December 2024, the State Duma adopted in the third reading a law amending the Federal Law “On Investment Funds” and certain legislative acts of the Russian Federation.