Russia lists nonfriendly Western countries as offshore With effect from July 1, 2023, the Ministry of Finance of the Russian Federation by its decree expands… Read More
OFAC, BIS, and US Munitions List: a Practical Guide of Sanctions Complia... On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued a huge update of their… Read More
Delaware Court Expands Business Judgment Rule to Company’s Corporate Off... In 1996 case In re Caremark International Inc. Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), the Court… Read More
Russia approves legislation allowing Russian legal entities affiliated w... January 17, 2023, Russian President has signed an Executive Order No. 16 “On Provisional Measures applied in the… Read More
UAE Introduces a new Corporate Tax Law December 2022, United Arab Emirates (“UAE”) have enacted a Federal Decree-Law No. 47 of 2022 on the Taxation… Read More
OFAC updates General Licences related to agricultural commodities, medic... December 21, 2022, OFAC has added and revised several general licenses and authorizations issued earlier[1]. The new licenses… Read More
Russian State Duma has prohibited to transfer collected debt money to cr... December 20, 2022, Russian Duma (lower chamber of Russian Parliament) has adopted a new bill No. 155721-8[1] amending… Read More
EU Adopts Directive on 15% minimal taxation imposed on big business, fol... December 12, 2022, the Council of European Union has agreed on a Directive on ensuring a global minimum… Read More
European Court of Justice invalidates public access to European registri... November 20, 2022, the European Court of Justice (Grand Chamber) has issued a Judgement concerning the validity of… Read More
The European Court of Justice imposes on search engines obligation to re... December 8, 2022, the European Court of Justice (ECJ) has rendered a judgment in Case C-460/20[1] imposing on… Read More
Russian Federal Tax Service excluded Switzerland and Cayman Islands from... December 5, 2022, Russian Federal Tax Service (“FTS”) has updated its Order No. ЕД-7-17/986@[1] dated October 28, 2022 On… Read More
Russian emergency legislation imposing restrictions on certain transacti... The validity of the restrictions imposed by Executive Order of the Russian President No. 126 dated March 18,… Read More
The RF sanctions foreign energy companies The RF enacted Decree No. 851 on May 11th, 2022 “On measures to implement Presidential Decree No. 252… Read More
The UK announced a new package of trade sanctions against Russia and Bel... The UK announced new measures regarding export bans and import tariffs on May 9th, 2022. The new sanctions… Read More
The RF legalized portions of parallel importation The Russian Ministry of Industry and Trade set out a list of product categories and single products which… Read More
The UK declares a ban on services exports to the RF The UK government announced new prohibitions on exports of several types of services to Russia on May 4th,… Read More
The RF publishes a new Presidential Decree which restricts distribution ... RF President Vladimir Putin signed Decree No. 254 on May 4th, 2022 “On interval procedures for the fulfilment… Read More
Russia continues imposing countersanctions in response to Western countr... On 20th of April 2022, the Russian Federation adopted the Law which sets forth restrictions for Russian credit… Read More
OFAC reestablished the Ukraine-Russia related sanctions regulations OFAC declared the publication of a Final Rule that renamed and reestablished the Ukraine-Russia Related Sanctions Regulations and… Read More
The UK announces amendments to the Export Control Order 2008 The UK published The Export Control (Amendment) Order 2022, amending the Export Control Order 2008 on April 28th,… Read More
Russian Gazprom ceases gas supply to Bulgaria and Poland On April 27th 2022, Russian Gazprom discontinued its gas supplies to Polish PGNiG and Bulgarian Bulgargaz as these… Read More
The UK imposed additional sanctions against the RF The UK government made additional amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 within the Russia (Sanctions)… Read More
US President Biden signs new bills barring energy imports and revoking R... President Biden signed two new bills into law on April 8th, 2022, banning importation of RF energy products… Read More
