Stonebridge Legal team prepared an alert regarding a draft law “On Deoffshorisation”, which was introduced in the State Duma on 23 January 2023.
The draft law concerns:
- Russian legal entities and individuals which own any assets in Russia through legal entities registered in specified offshore jurisdictions; as well as
- any person (whether Russian or foreign) which manages assets in Russia through such legal entities.
Read in detail on the draft law in the alert at the link.