PUBLICATIONS

Facing a shortage of planes due to Western sanctions, Russia is in talks with some Central Asian countries for their airlines to run domestic flights and help meet a pick up in travel demand. In an interview with Reuters, Artem Zhavoronkov, Partner at Nordic Star Law Offices, said that airlines from Central Asian countries are […]

The Arbitration Court of St. Petersburg and the Leningrad Region upheld the claim of the Crystal Innovation Processes Centre (CIP) against the City Property Relations Committee (KIO), obliging it to sell to the claimant a plot of land in the Kalininsky District, Bobruiskaya Street, 7, Building 2 (8.7 thousand m2, cadastral value – 48 million

M&A transactions have changed significantly in recent years. If 2022-2023 was marked by “sanctions, fear and speed”, 2024 has seen very different trends. Experts note that after the mass and rapid exodus of foreign owners, the market has finally come to its senses and is ready to delight with truly beautiful stories. Anton Borisyuk, Counsel

The unavailability of familiar instruments — SWIFT and transactions in dollars and euros — led to an increase in operating costs, «freezing» of transactions at the payment stage, uncertainty in the execution of contracts. Business quickly found alternatives, but each has its own pros and cons. Nordic Star Law Offices team offers to understand all

One of Gazprom’s former main partners in Europe, Wintershall Dea, has initiated two arbitration proceedings against the Russian Federation, claiming expropriation of assets. After leaving the Russian Federation, the company estimated its losses at €5.3 billion, part of which it is apparently seeking to recover through arbitration. Lawyers say the case’s prospects depend on the

Some Chinese suppliers and payment agents have begun to create separate legal entities in China specifically to interact with Russian partners, four sources familiar with the situation with payments to China told Vedomosti. Many large companies are setting up subsidiaries in China to work specifically for certain markets. Complicating interactions with Chinese exporters and payment

Since the end of September, the National Bank of Kyrgyzstan has banned the country’s banks from making settlements under contracts without actual delivery of goods to Kyrgyz territory. The decision was taken against the background of problems experienced by Russian companies with payments via Kyrgyzstan. “To establish a one-year restriction on the ability of organisations

Some Chinese banks have introduced territorial restrictions on opening accounts for local suppliers working with Russian importers. They do not allow the Chinese to open accounts if the supplier tries to do so outside the province where it has its main activities, five sources from the importers and intermediaries told Vedomosti. “Such cases are becoming

In recent years, the number of private investors in the Russian stock market has grown rapidly, as has the total amount invested. However, not all investors can fully assess the risks of certain investments. From time to time they lose their investments and then join together in class actions against issuers. At the same time,

Against the backdrop of the yuan shortage, VTB Shanghai began offering importers the opportunity to independently find exporters who receive foreign currency earnings and bring them to the branch for service. Then, VTB promises, payments from importers to their Chinese counterparts will be made quickly and without additional commissions, as they will come from this