Insights | Denuo

17 / 09 / 2411:30am msk

Webinar 8: Restructuring of supply and payment chains

Alternative jurisdictions for doing business: hidden pitfalls

In selecting a jurisdiction for transactions, the local tax regime and any restrictions on international money transfers must be considered, and it is important not to overlook special tax requirements and restrictions on transactions with foreign counterparties that are imposed directly by Russian law. Such special restrictions apply to transactions with countries that are “blacklisted” by the Russian Ministry of Finance (Minfin), the Central Bank, the Federal Tax Service and the Federal Financial Monitoring Service. Our team summarizes the restrictions (largely tax-related) that may be imposed on businesses that are residents of blacklisted countries.

Current issues in including design and engineering costs in the value of imported equipment

When determining the customs value of production equipment imported into Russia, questions often arise in practice as to whether it is possible to include the design and engineering costs in the customs value. Such costs may have a significant impact on the total amount of customs duties payable, so it is important to understand when and under what conditions they should be included in the customs value of equipment.

Amendments to laws on joint stock companies and limited liability companies effective 1 September 2024

Amendments to laws on joint stock companies and limited liability companies have become effective as of 1 September 2024. These amendments, in particular, introduce mandatory notarisation of resolutions on the election of the company’s general director, and regulate the suspension of dividend payments to “lost shareholders”, the forms of general meetings of participants/shareholders, etc.

Not just bloggers: new rules for mobile operators and mobile subscribers

Earlier in August the Russian President signed Federal Law No. 303-FZ “On Amending the Federal Law ‘On Communications’ and Certain Legislative Acts of the Russian Federation”, which also introduces significant changes to the activities of mobile operators.

Orphan objects of copyright (neighbouring rights)

On 22 July 2024, Federal Law No. 190-FZ “On Amendments to Part Four of the Civil Code of the Russian Federation” dated 22 July 2024 was adopted, establishing the legal regulation of ‘orphan’ works.

Not just bloggers: new rules for messengers and social networks

On 8 August 2024, the Russian President signed a law imposing new obligations on the owners and users of messengers and social networks.

Denuo strengthens its Intellectual Property and Technology offering with appointment of Darya Ermolina as partner in Moscow

Denuo announces the appointment of Darya Ermolina as a partner in its Intellectual Property and Technology practice in Moscow. Darya joins the firm from Melling, Voitishkin & Partners together with her team.

Reform of the corporate agreement

The Ministry of Economic Development of Russia is developing two draft laws envisaging amendments to the regulation of corporate agreements. The draft laws contain both innovations in the form of norms supplementing the regulation of a number of institutions in the area of corporate law and provisions aimed at legislative consolidation of mechanisms used by participants in civil turnover by virtue of the principle of freedom of contract.

Russia introduces law on anonymised datasets

On 8 August 2024, the President of the Russian Federation signed a law that creates a mechanism for the formation of anonymised datasets from 1 September 2025.