Search results(130)
Russian Supreme Court adopts resolution on application of rules on pledging items
The Plenum of Russia’s Supreme Court adopted Resolution
Draft law adopted enabling the suspension of certain corporate rights of foreign holding companies in Russian entities
After 24 February 2022, many Russian companies whose ownership structure included companies incorporated in so-called “unfriendly jurisdictions” encountered certain difficulties related to corporate decision-taking by such foreign shareholders. Our team analyses the text of the Draft Law which may help resolve a number of the related issues.
UK prohibits legal services for certain transactions
On 30 June 2023, amendments to The Russia (Sanctions) (EU Exit) Regulations 2019 entered into force. The amendments to the Regulations prohibit UK Persons who are UK lawyers from providing legal advisory services to clients who are not UK Persons (ie, not only Russian clients), and in respect of certain financial or trade activities prohibited by UK sanctions.
EU extends ban on selling securities to Russian persons
On 23 June 2023, regulations formalising the European Union’s “Eleventh Package” of restrictive measures were published and entered into force.
Summary of the 11th package of EU restrictive measures
On 23 June 2023, legal acts formalising the “Eleventh Package” of European Union restrictive measures were published and entered into force.