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Bank of Russia introduces amendments to C-type accounts regime
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.
EU adopts 12th package of sanctions against Russia
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.
Denuo tops 2023 Pravo-300 rating
Denuo received 28 firm ratings in the 2023 Pravo-300 guide. The ratings are based on extensive research by Pravo.ru, Russia’s major legal media which carries out an annual survey of the local legal market.
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.
Bank of Russia sets down procedure for Russian investors to sell frozen assets
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.