In a ruling published on 24 October 2023, the Moscow Circuit Commercial Court upheld the finding that the sale of real estate by a company with an “unfriendly” participant without the approval of the Government Commission[1] is invalid. On 19 August 2022, Bauer Technology LLC (the “Company”), which is 100%-owned by Bauer Spezialtiefbau GmbH (Germany), …
The Sub-Commission of the Government Commission for Control over Foreign Investments in the Russian Federation (the ‘Sub-Commission’) has published a decision changing the criterion for permissions to be issued for transactions with shares, membership interests and deposits (‘Assets’) involving foreign parties connected with states taking hostile actions against the Russian Federation, in terms of the …
On 31 July 2023, laws amending the Law on Information and the Law on Communications were published[1]. The amendments mainly concern the new duties of hosting providers, as well as the duties of owners of websites and mobile apps. Obligations of owners of websites and mobile apps that use recommendation technologies The new duties have …
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September 2023 To offset the effects of sanctions imposed on Russia, its authorities have put in place numerous counter- sanctions measures that are regularly updated, revised and expanded. I. “Unfriendly” persons A new category of “unfriendly” states has been introduced, which includes the USA, UK, EU and other countries that have imposed unilateral sanctions / restrictions …
You may enter this country from two directions: from France and from Spain. In the first case, a spiralling highway awaits you that will make your heart miss a beat. Then you will suddenly stumble upon a border crossing point and bump into a drowsy French border guard who will most likely not even look …
On August 8, 2023, Russian President Vladimir Putin signed an Executive Order to suspend certain provisions of Double Taxation Treaties with a number of countries[1] (respectively, the ‘Order’ and the ‘Treaties’). The Treaties that are subject to the Order are those with the EU countries, the USA, Korea, United Kingdom, Albania, Montenegro, Norway, Canada, Switzerland, …
The Sub-Commission of the Government Commission for Overseeing the Making of Foreign Investments in Russia (‘the Sub-Commission’) has approved an updated list of criteria for issuing permissions for transactions with shares, membership interests and deposits (the ‘Assets’) involving foreign parties connected with states taking hostile actions against the Russian Federation. The decision of the Sub-Commission …
The legal jurisdiction we would like to focus your attention on in this short essay is Morocco. While for some people Morocco is cosmic blue wrapped in the gardens of Majorelle and for others it is the fragrance of saffron leading to Casablanca, for business it is a promising new jurisdiction that should not be …
In 2022, the procedure for economic and tax cooperation between Russia and many Western countries underwent significant changes. At the official level initiatives are being taken to terminate agreements on the avoidance of double taxation with “unfriendly” countries (the “Agreements“). In particular, the Ministry of Finance and the Russian Foreign Ministry made a proposal to …
Georgia is continuing to attract foreign business to the country, inviting foreigners to establish subsidiaries and new companies or to open up branches. With a view to this, special tax regimes have been created for IT companies. As distinct from other states, the criteria for companies claiming eligibility for tax benefits in Georgia are extremely …
