PUBLICATIONS

Russian-Georgian businessman Zaur Leshkasheli has lost a multi-year arbitration case with Azerbaijan over his allegedly expropriated investments in the modernisation of the Kurovdag oil field, south-west of Baku. Vedomosti learned this from the decision of the International Centre for Settlement of Investment Disputes (ICSID), which heard the case. The tribunal ruled that the London-based businessman […]

The UK law firm Herbert Smith Freehills has been ordered to pay £465,000 for transferring £3.9 million to the accounts of sanctioned Russian banks and their subsidiaries. The firm pleaded guilty, citing an error. Experts say this is the first time the UK regulator has fined a law firm for violating anti-Russian sanctions. Judging by

According to lawyers, there are such risks, but so far they are below average. If the measure is successfully implemented, the West will see a flight of Chinese and Arab capital. Artem Zhavoronkov, Partner at Nordic Star Law Offices, examines what else the threat of asset confiscation means and how Russia will react in an

Russian court sends Russian plaintiff to England for justice Kommersant has uncovered a rare case in which a Russian court refused to recognise its jurisdiction over a case involving Russian legal entities and sent them to the “unfriendly” UK for trial. The reason for this was the terms of the agreements between the parties to

The primary idea behind the creation of the Astana International Financial Centre (AIFC) was not only to make Kazakhstan attractive to international companies but also to elevate the financial and commercial sectors to a new level. To achieve this goal, the AIFC introduced a Special Tax Regime (STR), which aims to support various types of

Andrei Gusev, a Senior Partner at Nordic Star Law Offices, assesses the chances of the Rusnano Capital fund filing an appeal in Vedomosti. The assets of the British pharmaceutical company Ascension Healthcare Plc, which is owned by Rusnano, will be sold off under a forced sale order issued by the High Court of England and

Russian authorities stepped up the pace of seizing private assets earlier this year, with a leading grain trader, one of Moscow’s biggest airports and strategic storage facilities handed over to the state through the courts last week. Artem Zhavoronkov, Partner at Nordic Star Law Offices, commented on the situation in an interview with Reuters. Read

Despite the fact that there is still an abundance of spare cash in Russia, and real estate continues to be a key defensive asset, market participants have been noticing signs of cooling even in the most dynamic segments — offices, warehouses, and the hospitality industry — since December. In a series of CRE Plus articles,

The Ministry of Digital Development will create a register of IT spending financed from the federal budget and the budgets of state extra-budgetary funds. At the moment it is possible to collect information on IT spending in various ways, but it will be incomplete. Does something similar exist in other industries? Olga Nechaeva, an Associate

Italy’s largest bank, Intesa Sanpaolo, will no longer accept payments in euros from Russian banks, with the exception of its own subsidiary in Russia, Intesa. In December, Intesa informed its clients and counterparties, sources at two domestic banks told Vedomosti. Intesa’s representatives in Milan confirmed the decision to law firm O2 Consulting, according to Olga