Analytics & events
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President Decree No. 364 Dated 22.05.2023 on substitute bondsThe President’s Decree No. 364 dated 22 May 2023 on Amending the President’s Decree No. 430 dated 5.07.2022 (“On Repatriation by Residents – Participants of Foreign Economic Activity – of Foreign and Russian Currency”) (the “Decree”) has been published.
24.05.2023
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Russian counter-sanctions regulations: new developmentsIn March, we informed you about the enactment of Presidential Decree No. 138 On Further Temporary Economic Measures Relating to Securities Trading, dated 3 March 2023 (the Decree) which introduced new restrictions for transactions with Russian tradeable securities between Russian residents and non-residents from unfriendly jurisdictions. Recently new developments on the Decree were resolved.
11.05.2023
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Russian foreign investment regime: new developmentsOn 28 April 2023, the Russian President signed a law that introduced amendments to the Law On Foreign Investments in Strategic Assets (Law No. 57) aimed at strengthening control over foreign investments in Russia and making penalties for the breach of Law No. 57 more severe.
02.05.2023
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Russian counter-sanctions regulations: new developmentsOn 25 April 2023, a new Presidential decree on counter-sanctions (Decree No. 302 On Temporary Administration of Certain Assets) was enacted with immediate effect, arguably as a response of the Russian Government to the freezing of certain Russian energy-related assets located in the unfriendly states.
27.04.2023
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Russian counter-sanctions regulations: new developmentsOn a related note, on 21 April 2023 the Ministry of Finance published a list of seven associations of appraisers which it recommends for the preparation of expert opinions.
25.04.2023
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Russian counter-sanctions regulations: new developmentsStonebridge Legal Team prepared an alert regarding the decision of the Sub-Commission of the Government Commission for Control over Foreign Investments in the Russian Federation (the ultimate decision maker in many matters concerning the counter-sanctions regime), which introduced some changes to the rules regarding the 10% contribution.
30.03.2023
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Double taxation treaty relief in questionStonebridge Legal Team prepared an alert regarding an initiative of the Russian Ministry of Finance and Ministry of Foreign Affairs to suspend double taxation treaties with all the foreign states designated as unfriendly.
20.03.2023
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New Presidential Decree restricting securities tradingStonebridge Legal Team prepared an alert regarding Presidential Decree No. 138 On Further Temporary Economic Measures relating to Securities Trading entered into force.
09.03.2023
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Russian Counter-Sanctions Regulations: List of Appraisers PublishedOn 22 February 2023, the Russian Ministry of Finance, which is responsible for processing applications for Government Commission consents under Russian counter-sanctions regulations, published a list of appraisers recommended for providing valuation reports required as part of such applications.
03.03.2023
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Russian assets held through offshore vehicles: new developmentsStonebridge Legal team prepared an alert regarding a draft law “On Deoffshorisation”, which was introduced in the State Duma on 23 January 2023.
25.01.2023
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New Presidential Decree: Temporary Corporate Governance RegimeStonebridge Legal Regulatory practice prepared an alert regarding Presidential Decree No.16 (the Decree), which came into effect on 17 January 2023. The Decree provides for a temporary corporate governance regime for certain categories of Russian companies with a controlling shareholder/beneficial owner sanctioned by a foreign state and minority foreign shareholder(s) associated with unfriendly foreign states.
19.01.2023
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Russian Foreign Investment Regime: New DevelopmentsStonebridge Legal Regulatory practice prepared an alert regarding newly adopted developments of the Russian Foreign Investment Regime.
09.01.2023