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Consequences of untrue representations and limitation of a seller’s liability in business sale transactions
We are pleased to invite you to a webinar to discuss practical issues related to the consequences of unreliable representations about circumstances and the limitation of seller liability in business purchase and sale transactions.
Detailed programme is outlined below.
To register and receive the joining link, please email your contact details and event title to rsvp@denuo.legal.
You can participate in the webinar free of charge subject to confirmation of your registration. The webinar is not available to representatives of law firms, consultancy companies and private law practitioners.
An email will be sent to you as confirmation of your registration. If you have not received a confirmation or have any questions, please contact us at rsvp@denuo.legal.
Direct ban imposed on setoff of obligations owed to creditors and company shareholders from “unfriendly” states
Russian investors allowed to receive funds payable in respect of securities from Type C accounts
On 19 March 2024, the President of the Russian Federation signed Decree No. 198 “On additional temporary measures of economic nature related to the performance of obligations under certain securities”. Decree 198 establishes the procedure for receiving securities related payments owed to certain categories of holders from funds blocked in Type C accounts.
Disputes continue regarding the application of anti-suit injunctions and force majeure due to sanctions
Russian courts continue to consider disputes related to sanctions restrictions imposed by foreign states. In March 2024, further rulings were adopted which developed the existing practice of applying the provisions of article 248.1 of the Arbitrazh Procedure Code of the Russian Federation (exclusive jurisdiction of Russian courts), article 248.2 of the Arbitrazh Procedure Code of the Russian Federation (anti-suit injunction) and article 401 of the Civil Code of the Russian Federation (force majeure) in connection with the imposition of sanctions. Read further in our legal update.
Denuo assisted Yandex in its acquisition of eLama, an advertising technology platform
Thanks to the deal, Yandex is purchasing not only a technology platform, but an experienced team of eLama’s professionals who will contribute to the further development of the platform service.