Insights
Insights
legal updates
17 / 01 / 2024
On 25 December 2023, a draft Law was brought in the State Duma of the Russian Federation aimed at improving the regulation of the procedure for acquiring large shareholdings in PJSCs. The authors of the draft law believe that the abovementioned changes will help boost investor confidence in the Russian financial market. Read further in our legal update.
legal updates
16 / 01 / 2024
On 27 December 2023, the Government of the Russian Federation published a resolution introducing a number of amendments to the previous resolutions of the Government concerning the restrictive measures on the export of certain categories of goods and equipment from the Russian Federation. Read further in our legal update.
legal updates
11 / 01 / 2024
On 25 December 2023, the President of the Russian Federation signed Federal Law No. 625-FZ of 25 December 2023 “On Amending Article 98 of the Federal Law ‘On State Control (Supervision) and Municipal Control (Supervision) in the Russian Federation’ and Certain Legislative Acts of the Russian Federation”.
legal updates
26 / 12 / 2023
On 22 December 2023, the US Treasury Department announced the extension of sanctions against the Russian Federation and the issuance of three General Licences authorising certain transactions. In our legal update we outline the most significant changes.
legal updates
20 / 12 / 2023
On 18 December 2023, legal acts formalising the 12th package of European Union restrictive measures were published and entered into force. Read further in our legal update.
legal updates
20 / 12 / 2023
On 8 December 2023, the Bank of Russia introduced targeted changes to the “C”-type accounts regime. These changes are aimed primarily at stabilising the rouble and the Russian financial system in general. Read further in our legal update.
legal updates
19 / 12 / 2023
On 12 December 2023, the President of Russia signed a law that increases fines for processing of personal data without the subject’s consent, and introduces new fines for violation of the requirements regulating uploading biometric personal data. For a number of offenses, the amount of the administrative fine can reach up to 1.5 million rubles for a repeated violation. Read in more detail in our legal update.
legal updates
19 / 12 / 2023
On 14 December 2023, the State Duma of the Russian Federation passed a draft law introducing amendments to the federal Law “On the Specifics of Regulation of Corporate Relations in Business Companies that are Economically Significant Organisations” and to other legislative acts of the Russian Federation. Our team has analysed the most significant provisions of the draft Law.
legal updates
15 / 12 / 2023
On 12 December 2023, the Spanish presidency of the Council of the European Union announced the conclusion of negotiations on two directives: to introduce criminal liability for the violation of EU sanctions and to freeze and confiscate criminally obtained assets. Read further about the significance of these directives in our legal update.
legal updates
13 / 12 / 2023
On 8 December 2023, the Bank of Russia’s Board of Directors adopted a decision establishing a procedure for the interaction of financial market participants to enable Russian investors to sell their foreign securities to persons of unfriendly states. Read in more detail in our legal update.
Subscribe to our updates