Insights
Insights
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legal updates
22 / 07 / 2024
In the existing geopolitical environment, Russian courts with increasing frequency face the necessity of revaluating conventional approaches to recognising and enforcing foreign arbitral awards.
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legal updates
11 / 07 / 2024
Regulation of parallel imports was initially aimed at protecting the interests of rightholders and for a long time remained an important tool for intellectual property protection. However, recently its role changed significantly.
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legal updates
27 / 06 / 2024
On 24 June 2024, legal acts formalising the 14th package of restrictive measures (sanctions) of the European Union were published and entered into force.
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legal updates
25 / 06 / 2024
On 22 June 2024, Federal Law No. 152-FZ “On Amending to the Code of Administrative Offences of the Russian Federation” entered into force, which establishes administrative liability for violations of the laws on so-called economically significant organisations.
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legal updates
14 / 06 / 2024
On 12 June 2024, the US Treasury and State Departments announced new sanctions affecting the financial sector, IT services and a number of Russian and foreign entities.
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legal updates
13 / 06 / 2024
On 7 June 2024, the Board of Directors of the Central Bank of the Russian Federation adopted a decision to determine the maximum number and volume of subsequent transactions (operations) in accordance with Presidential Decree No. 138 of 3 March 2023 “On Additional Temporary Measures of an Economic Nature related to the Circulation of Securities.”
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legal updates
30 / 05 / 2024
The Ministry of Finance of Russia introduced a package of draft laws to the Government of the Russian Federation including a number of significant amendments to the Tax Code, as well as to the Budget Code and the Budget Law in relation to 2024 and the planned period of 2025 and 2026. The draft laws are expected to be passed by the State Duma in its current session and will enter into force on 1 January 2025.
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legal updates
27 / 05 / 2024
Our team prepared a detailed overview of the new presidential decree “On the Temporary Procedure for Acquiring Exclusive Rights of Certain Rightholders and Delivering on Monetary Obligations towards Certain Foreign Creditors and their Controlled Persons,” largely amends the regulation and procedure of IP deals.
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legal updates
24 / 05 / 2024
On 23 May 2024, President Putin signed Decree No. 442 “On the Special Procedure to Compensate for Damage Caused to the Russian Federation and the Central Bank of the Russian Federation as a Result of Unfriendly Actions by the United States of America.”
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legal updates
23 / 05 / 2024
The State Duma of the Russian Federation passed a law extending to the end of 2024 the tax reliefs providing for (1) an exemption of individuals who are tax residents of the Russian Federation from personal income tax when receiving income (property rights and property, except cash) from Controlled Foreign Companies (“CFCs”); and (2) a tax deduction for the subsequent sale of property (or property rights) received from a CFC. Read further in our legal update.
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