Insights
Insights
legal updates
14 / 06 / 2023
On 9 June 2023, the Council of the European Union announced that it had finalised the text of the Directive on the definition of criminal offences for the violation of EU restrictive measures (sanctions). Once adopted, the Directive will become an important tool for enforcing EU sanctions.
legal updates
08 / 06 / 2023
On 5 June 2023, the Council of the European Union amended the criteria for imposing blocking sanctions on Russian persons. The Amendment applies to businesspersons operating in Russia and their associates.
legal updates
01 / 06 / 2023
On 30 May 2023, the Council of the European Union updated its list of persons subject to blocking sanctions.
legal updates
29 / 05 / 2023
On 22 May 2023, the UK Office of Financial Sanctions Implementation issued a General Licence INT/2023/2954852 covering payments under prior obligations.
legal updates
24 / 05 / 2023
On 22 May 2023, Decree No. 364 of the President of the Russian Federation “On Amendments to Decree of the President of the Russian Federation of 5 July 2022 No. 430 ‘On the Repatriation by Residents Participating in Foreign Economic Activity of Foreign Currency and the Currency of the Russian Federation’.”
legal updates
24 / 05 / 2023
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.
legal updates
12 / 05 / 2023
On 24 April 2023, Abu Dhabi Global Market, an international financial centre as a free zone, was expanded significantly to include Al Reem island.
legal updates
10 / 05 / 2023
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.”
legal updates
05 / 05 / 2023
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.
legal updates
03 / 05 / 2023
On 29 April 2023, the UK Office of Financial Sanctions Implementation issued an updated Legal Services General Licence INT/2023/2954852 .
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