PUBLICATIONS

The process of real estate seizure for the construction of a high-speed railroad to Moscow is beginning in St. Petersburg. This process of seizure will be accompanied by legal disputes, the main subject of which will be the determination of the amount of compensation for the seized real estate. Compensation will consist of the market […]

A recent decision by the Belgian State Council rejected the claims of RESO Credit Bank and the management company Veles Management. Both organizations challenged the local treasury’s refusal to unfreeze assets that were frozen due to the introduction of sanctions. The main reason for the rejection of the claims is the bank’s failure to submit

The recent decision of the International Chamber of Commerce (ICC) arbitration tribunal was a significant event in the field of international trade and energy. The arbitrators recovered €57.7 million from Gazprom Export (GE) in favor of the Czech company CEZ in connection with the shortfall in gas supply in 2022. According to the arbitration’s arguments,

In recent years, Russian businesses have faced new challenges when buying assets from foreign companies. The market situation has changed, and now many potential buyers are demanding renegotiation of deals, even when they are in the final stages of negotiations. This phenomenon is caused by the deterioration of business performance that occurred during the period

In May, the High Court of England and Wales overturned an injunction that restricted the ability of the Russian company Ruskhimalliance to file lawsuits against German banks. The situation is developing in the context of a project to build a gas processing plant with Linde, which has refused to cooperate due to sanctions. “Ruskhimalliance” terminated

Banks actively block the accounts of legal entities which provide payment agent services to third parties. This practice is no longer a rarity in the financial market. However, in order to unblock their accounts, independent agents now have to join a pool of banks’ own agents and pay a commission on each transaction. This creates

The issue of lifting sanctions against Rostec CEO Sergey Chemezov has been raised in the United States. The case has become relevant against the background of changes in international politics and possible warming of relations between Russia and the United States. Chemezov was first placed on the US sanctions list in April 2014 as «a

Unicredit Bank announced that from June 6 it will stop making outgoing transfers in U.S. dollars for individuals. The decision is due to restrictions from the foreign correspondent bank. Since May 26, all outgoing payments will be processed through UniCredit’s Italian parent company. After June 6, transfers in dollars will be unavailable, and clients are

Recent changes to European Union sanctions legislation have complicated the process of lifting restrictions on Russian businesspeople. One of the key changes is the presumption of a link between ‘leading businesspeople’ (leading businesspersons) and Russia, even after they have formally left the business. Those who sold assets or left their positions after the start of

Russian investors are gradually shifting their interest from the familiar United Arab Emirates to Oman, which is beginning to be perceived as a more reliable alternative, especially with regard to international settlements. The number of requests for company registration, opening bank accounts and obtaining resident visas in Oman is growing every day. Andrey Gusev, Senior