On June 12, 2024, the Bureau of Industry and Security (BIS) announced the imposition of trade sanctions in the form of a temporary denial order (TDO) against a number of Russian and foreign companies and individuals.

The Lidings team took immediate action to challenge the TDO to exclude its clients from the restrictions list.

Lidings’ Corporate and M&A practice team has successfully concluded its advisory role for the owners of Autotechinmash LLC, the largest auto dealer of Belarusian cars, in restructuring of the company’s founding team.

Russia and the Gulf countries continue to deepen economic cooperation, which becomes especially important against the backdrop of sanctions restrictions. The Russian-Gulf Business Forum: New Ties, New Opportunities (took place in Moscow on 24 September 2024) provided an opportunity for a comprehensive discussion of both business prospects and legal issues related to the activities of Russian companies in the region.

Highlights of the event in our report.

Lidings is pleased to announce that in accordance with Federal Law N 394-FZ "On the State Council of the Russian Federation" dated December 8, 2020 and Decree of the President of the Russian Federation V.V. Putin dated July 22, 2024, N 613 "On the Commissions of the State Council of the Russian Federation in the areas of socio-economic development of the Russian Federation and their chairmen", Stepan Guzey, partner of the firm, has been included in the expert council of the State Council of the Russian Federation's commission on the Northern Sea Route and the Arctic.

Also, in accordance with the Decree of the President of the Russian Federation V.V. Putin dated August 13, 2024 N 691 Stepan was included as an expert in the Council for the Protection of National Interests of the Russian Federation in the Arctic of the Maritime Board of the Russian Federation.

Lidings takes high positions in the new rating of the leading legal advisors in Russia based on the analytical research held annually by the “Kommersant” newspaper. In 2024 the firm is ranked among the TOP leading legal advisors in Russia. 

In March 2024 Lidings partner Stepan Guzey visited the UAE (Dubai), Oman (Muscat), the Kingdom of Saudi Arabia (Riyadh) and Bahrain (Manama) during his regular business trip to the Middle East.

During the two-week visit Stepan held more than 25 business meetings with representatives of leading local law firms and government agencies to establish and strengthen partnerships, as well as discussed current and future projects with clients to whom Lidings provides comprehensive legal support for both outward and inward investment projects in the Middle East region.

Lidings takes high positions in the new rating of the leading legal advisors in Russia based on the analytical research held annually by the “Kommersant” newspaper. In 2023 the firm is ranked among the TOP leading legal advisors in Russia. 

Lidings is pleased to announce Dmitry Kirillov joining the Firm as counsel in Tax and Customs practice.