LEGAL ALERTS

On 8 April 2025, the State Duma of the Russian Federation passed, in its third reading, a bill entitled “On Amendments to Article 4 of the Federal Law “On Control over the Activities of Persons Under Foreign Influence.” The proposed legislation is aimed at expanding the grounds upon which individuals and legal entities may be […]

On February 17, 2025, the Russian Federation (“Russia”) and the United Arab Emirates (“UAE”) signed an Agreement for the Elimination of Double Taxation on Income and Capital and the Prevention of Tax Avoidance (“Agreement”). While the signed Agreement has not yet been published, its significant terms are outlined in the Order of the Government of

On January 21, 2025, the Constitutional Court of the Russian Federation (the “Court“) issued Ruling No. 2-P (the “Ruling”), declaring certain provisions of the Russian Tax Code (the “Tax Code”) as unconstitutional. The disputed provisions related to the taxation of companies under the simplified tax system (“STS”) when transferring assets to former shareholders as compensation

The Russian Ministry of Justice has prepared a draft law to formalize procedures for compensating damages caused to Russia or the Central Bank of Russia by the actions committed by authorities of “unfriendly” states. The proposal, coordinated with relevant ministries, is pending review by the Government Commission on Legislative Activities. Background On 23 May 2024,

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