Practices
Industries
Jurisdictions

Russia and the UAE Have Signed an Agreement on the Avoidance of Double Taxation

26 February 2025

The development of a double taxation treaty between Russia and the United Arab Emirates ("DTT") started as early as in 2022, but the final text of agreement was not known until middle of February 2025. The process of drafting the agreement was delayed because the UAE agreed to a 10% withholding tax rate on passive income paid abroad only under the terms of renegotiation of DTTs with other Arab countries, requiring similar tax rates of 10% in such agreements.

Pausing FCPA: is anti-corruption compliance on pause?

24 February 2025

On 10 February 2025, President Trump signed an executive order, "Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security" ("EO"): Is anti-corruption compliance on pause?

The EO establishes a moratorium on new investigations and enforcement actions under the FCPA for 180 days (with the possibility of a 180-day extension) and directs the Attorney General to review current investigations and enforcement actions within the specified timeframe, along with a revision of the guidelines governing FCPA investigations.

New Procedures for Conducting Clinical Trials Have Taken Effect

17 February 2025

On 4 February 2025, the official portal of legal information were posted:

  1. Order of the Ministry of Health No. 708n of 23 December 2024 “On Approval of the Procedure for Maintaining the Register of Issued Permits to Conduct Clinical Trials of Pharmaceuticals” (“Order No. 708n”) - the document replaces Order of the Ministry of Health No. 754n dated 26 August 2010;
  2. Order of the Ministry of Health No. 706n dated 20 December 2024 establishing the procedure for the Ministry of Health to publish on its website a list of medical organisations conducting clinical trials (“Order No. 706n”) - the document replaces Order of the Ministry of Health No. 752n dated 26 August 2010.

Both documents entered into force on 15 February 2025 and aim to harmonise with the provisions of the EAEU regulations, as well as to simplify the system of information resources maintenance by the Ministry of Health by abolishing the “paper” document flow.

Managing Partner of Lidings Andrey Zelenin Will Speak at the Seminar of the International Club of the National Association of Corporate Secretaries (NACS)

06 February 2025

On February 6, 2025, Andrey Zelenin, Managing Partner of Lidings, will speak at the seminar “Middle East. Establishing Corporate Structures in the Sultanate of Oman”, organized by the International Club of the National Corporate Secretaries Association (NCSA) with the support of the Chamber of Commerce and Industry of the Russian Federation.

Lidings’ Partner Stepan Guzey Takes Part in Business Event in Iran

01-04 February 2025

Lidings’ Partner Stepan Guzey will take part in a business event focused on Russian-Iranian cooperation in various sectors, including machine engineering, pharmaceuticals, healthcare, agriculture, logistics, and automotive production. A series of round tables under the general title “Business in Iran, Business in Russia - Mutual Opportunities” will take place 1-4 February 2025 in Iran.

Lists of Unused Patent Rights Objects May Be Created in Russia

27 January 2025

The State Duma is considering the bill No. 818556-8 “On Amendments to Part Four of the Civil Code of the Russian Federation” (the “Bill”), the authors of which propose to amend the procedure for making decisions on the use of inventions, utility models and industrial designs (“Objects of patent rights”) established by Article 1360 of the Civil Code of the Russian Federation.

13 January 2025

Lidings experts took part in authoring the International Commercial Arbitration textbook, published under the auspices of the Arbitration Court Journal. The textbook was prepared by a team of well-known Russian and foreign experts in dispute resolution and international arbitration and is currently by far the most extensive and relevant tutorial publication on international commercial arbitration covering various aspects of it published in Russian.

The third edition of the book has been revised taking into account the updating of arbitration legislation in a number of countries, as well as documents of “soft” procedural law and the development of judicial practice. New sections are included, in particular, on third-party financing of arbitration, the impact of unilateral sanctions on arbitration, and the liability of arbitrators and arbitral institutions.

Lidings experts authored subsections on claims, arbitrability and bankruptcy.


The Law on Advertising Was Supplemented with A New Article 18.2 ‘Compulsory Deductions for The Distribution of Advertising on The Internet’

30 December 2024

On 26.12.2024, Federal Law No. 479-FZ was signed, which provides for the obligation for advertising distributors and advertising system operators who distribute advertising in the Internet, aimed at attracting the attention of advertising consumers located in the territory of the Russian Federation, mandatory contributions to the federal budget in the amount of 3% of the amount of income received during the quarter from the sale of services for the distribution of advertising on the ‘Internet’. Quarters are counted from the beginning of the calendar year.