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Denuo advises Smart Service on acquisition of KFC business in Russia
Denuo has advised Smart Service, a Russian operator led by Konstantin Kotov and Andrey Oskolkov, on the acquisition of KFC’s business in Russia from Yum! Brands, a US fast food corporation. Mr Kotov and Mr Oskolkov already own Food Service, a Russian operator of more than 40 KFC franchise restaurants.
Impact of sanctions on debt capital markets transactions
The webinar will cover the impact of sanctions on debt capital markets transactions.
US introduces new blocking sanctions against Russia
On 23 February 2024, the US President announced a record number of sanctions against Russia, over 500 new restrictions on Russian and foreign persons. The new sanctions restrictions are for the most part made of blocking sanctions. The US Department of the Treasury’s Office of Foreign Assets Control has published an updated specially designated nationals list.
New US sanctions: grounds for sanctions against foreign financial institutions and prohibitions on Russian goods
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.
Amendments to the laws on economically significant organisations adopted
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.
EU Council and European Parliament agree on the adoption of directives to criminalise violation of EU sanctions and to freeze criminal assets
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.