Insights
Insights

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 .

legal updates
27 / 04 / 2023
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.

legal updates
31 / 03 / 2023
On 30 March 2023, the US Treasury Department’s Office of Foreign Assets Control issued an update to its FAQ No 1118 in relation to the payment of the so-called “exit tax” (according to the OFAC wording).

legal updates
17 / 03 / 2023
On 15 March 2023 the Russian Ministry of Finance and the Ministry of Foreign Affairs published a proposal to suspend double taxation treaties with all countries that have imposed unilateral economic restrictive measures against Russia.

legal updates
02 / 02 / 2023
On 16 November 2022, the Supreme Court of the Russian Federation issued an overview of court practice on unauthorised construction.

legal updates
12 / 12 / 2022

legal updates
30 / 11 / 2022
In our legal update we provide an overview of the current rules regarding the non-repatriation of funds under transactions with non-residents in view of Official Clarification of the Central Bank of the Russian Federation No. 11-OR issued on 23 November 2022.
Subscribe to our updates