LEGAL ALERTS

On 17 December 2024, amendments came into effect regarding the rules for obtaining permits from the Governmental Commission for Control over Foreign Investments (“Commission“). These amendments pertain to the fulfillment by Russian residents of obligations under loans, credits, financial instruments, as well as the payment of dividends (profits) to “unfriendly” non-residents. Key Changes Context of […]

The European Council, as part of its 15th sanctions package, has introduced a ban on recognizing and enforcing decisions by Russian courts that affect European companies, referencing Article 248.1 of the Russian Arbitration Procedure Code. This measure is aimed at shielding European businesses from legal obstacles arising from disputes with Russian counterparties. The EU justified

On 2 December 2024, the President of the Russian Federation approved the Government’s proposal to sign an agreement between the Russian Federation and the Republic of Belarus on the procedure for mutual enforcement of judicial decisions (hereinafter referred to as the “Agreement”). The Agreement applies to court decisions in civil cases as well as criminal

On November 30, 2024, the President signed laws on amendments to the Code of Administrative Offenses (CAO) and the Criminal Code (CC)[1], establishing liability for violations in the field of personal data processing. Administrative liability According to the above-mentioned law, increased administrative fines for violations in the field of personal data processing (PD) will take

China is a country where artificial intelligence (AI) is rapidly developing and widely used in different spheres. The size of Chinese AI market is expected to reach more than 34 billion USA dollars by the end of 2024. China goes second after the USA in the ranking of top 20 AI countries (countries with the

The Federation Council recently approved a draft law providing for a new form of tax amnesty for companies using a split-up scheme. This new development is aimed at simplifying tax obligations and allowing entrepreneurs to correct past mistakes without serious financial and legal consequences. What is splitting a business? Business fragmentation is a common practice

A draft law has been submitted to the State Duma, according to which the distribution of advertising on a number of resources will be prohibited. Amendments are planned to be made to Articles 12 of Law No. 114-FZ “On Countering Extremist Activities”, as well as to Articles 5 and 38 of Law No. 38-FZ “On

On June 12, 2024, the U.S. Department of Finance and Commerce published a resolution that expands the list of sanctions against Russia. In particular, restrictions on the provision of services to the Russian IT sector will come into force on September 12, 2024. The restrictions apply to 1) The provision of consulting services in the

May 2024 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 /

On 23 May 2024, the President of the Russian Federation signed Decree No. 422 (the “Decree”)[1], which has been adopted as a retaliatory measure to counteract attempts led by the U.S. Government to seize assets and property of Russia and Russian persons in the United States and abroad. The Decree provides that Russian courts may