Forced Conversion of Depositary Receipts (in Russian)
07 March 2023
The Advocate Newspaper, March 2023
US Has Authorized Provision of Accounting, Trust and Corporate Formation, and Management Consulting Services to Russian Persons in Spheres of Agricultural Commodities and Medicine
30 January 2023
The new General license No 6C published by OFAC on January 1, 2023, establishes exceptions from US sanctions related to the spheres of agricultural commodities, medicine, medical devices, replacement parts and components for medical devices, or software updates for medical devices.
Certain Russian Companies Will Be Able to Make Decisions Without Calculating Votes of Minor Shareholders Associated with Unfriendly Foreign States
23 January 2023
On 17 January 2023, the Decree of the President of the Russian Federation "On the temporary procedure for decision-making by the bodies of some business companies" was signed and published. It introduces several changes in decision-making for a number of large Russian companies.
The Rules for Cash Settlements Between the Participants of Foreign Trade are Approved
11 January 2023
On December 27, 2022, the rules for cash settlements between residents and non-residents came into force.
Till the End of 2023, Retail Chains are Allowed to Purchase/Lease Additional Retail Space from Companies Controlled by Foreign Organizations that Have Ceased Their Activities in Russia
30 December 2022
Until the end of 2023, special rules have been extended for transactions on acquisition or lease of additional retail space for trading by entities engaged in food retail through the organization of a retail network.
Anti-Crisis Measures for JSC and LLC Have Been Extended Until the End of 2023
30 December 2022
On 19 December 2022, Federal Law “On Amendments to Certain Legislative Acts of the Russian Federation and Suspension of Certain Provisions of Legislative Acts of the Russian Federation” extending previously introduced economic measures and establishing a number of anti-crisis innovations was published.
When a Сompany Сan't Be Excluded From the Unified State Register of Legal Entities (in Russian)
27 December 2022
The Advocate Newspaper, December 2022
Pravo - 300 Rating: Lidings Recommended Top Legal Advisor in Russia
05 December 2022
On 2 December 2022 the results of the annual Pravo-300 law firms’ ranking were announced at an awarding ceremony at The Carlton Hotel in Moscow. Lidings’ top position among the leading legal advisors in Russia once again reflected by the ranking results.
Update of the Foreign Legal Entities List Subject to Russian Special Economic Measures
17 November 2022
The Government approved amendments to the Decree No. 851 dated 11.05.2022, updating the list of legal entities of foreign states, in respect of which special economic measures are applied.
Legal Advisory Services Under Newly Applied Sanctions
07 November 2022
In October 2022, the European Commission approved the eighth package of sanctions against Russia. Among other restrictions it established a ban on the provision of legal services to Russian companies. A few weeks later, on October 24, the European Commission published answers to frequently asked questions including explanations as to what kind of legal services fall under the ban and whether the extension of sanctions to this sphere does not entail restrictions on the right to protection.