New Conditions for Alienation of Shares (Stocks) in LLC and JSC Have Been Published
In addition to the previously adopted rules the Sub-Commission of the Government Commission for the Control of Foreign Investments (hereinafter referred to as the "Sub-Commission") published new conditions for issuing licenses on transactions with shares (stocks) in Russian LLC and JSC conducted with persons of foreign unfriendly states.
List of Goods for Parallel Import is Amended
The Ministry of Industry and Trade has recently published a new decree amending the Decree No. 1532 of 19 April 2022 “On goods admissible for parallel import, that shall not be restricted by art. 1359(6) and 1487 of the Civil Code”.
Legal Digest: International Сommercial Arbitration and Arbitration Under Sanctions Restrictions - 2nd Half of 2022
Forced Conversion of Depositary Receipts (in Russian)
Updated Guidelines on Suspicious Transactions Under U.S. Sanctions
New alert was released jointly by OFAC, BIS and DOJ on March 02, 2023 on suspicions third parties transactions under Ukraine-Russia restrictions. Another list of criteria was introduced that should help to identify and ‘aggressively prosecute’ those who violate U.S. sanctions and export control laws.
Ministry of Finance Published List of Appraisers Recommended for Valuation of Assets to Obtain Permits from the Government Commission
On 22 February 2023 the Ministry of Finance published on its official website a list of appraisers that the Ministry recommends to involve in the valuation of assets to obtain permits from the Government Commission within the framework of Presidential decrees No 79 of 28 February 2022 and No 81 of 01 March 2022. The list includes 42 appraisal organizations recommended for evaluation of business (stocks, shares, units) and real estate, and only real estate.
Legal Digest: Bankruptcy Disputes in Russia - 2nd Half of 2022
From 1 September 2023, Cargo Vehicles Will Be Able to Cross the Border of the Russian Federation Only After Preliminary Reservation
On 17 February 2023, Federal Law No. 24-FZ of 17.02.2023 “On Amendments to Certain Legislative Acts of the Russian Federation” was published, amending the regulation of the movement of freight transport across the Russian border.
According to the new rules, starting from 1 September 2023, the crossing of the state border by cargo vehicles will be carried out through special crossing points after reserving the date and time.