Transactions | ENR LAW

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…

What tax implications should be attributed to self-purchase of shares ex...

This question was recently examined by Israeli Supreme Court in the recent ruling on Civil Appeal 9380/20 and…

The Collapse of Signature Bank and Silicon Valley Bank: Legal Consequences

The recent bankruptcy of both Signature Bank and Silicon Valley Bank has sent shockwaves through the financial and…

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…

OFAC and BIS: a Detailed Comparison of Sanctions Regime

On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued an amended Specially Designated Nationals…

The UK Updates its Russian Sanctions List

On February 24, 2023, the UK Office of Financial Sanctions Implementation of the Treasure has updated its Russian…

OFAC Updated its SDN list, issues new General Licenses, a new Determinat...

On August 24, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed…

Financial Action Task Force (FATF) Excludes Russia from the Organization

On February 24, 2023, the Financial Action Task Force (FATF), a Paris-based intergovernmental body that sets anti-money-laundering law…

OFAC and BIS Provide Clarification on the Expanded List of Sanctioned In...

On June 28, 2022, the US Financial Crimes Enforcement Network (FinCEN) and the US Department of Commerce’s Bureau…

OECD Issues an Administrative Guidance on Clarifying the Interpretation ...

The Organization for Economic Co-operation and Development (OECD) and the G20 Inclusive Framework on Base Erosion and Profit…

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…

Gazprombank (Russia) will cease processing transactions in USD

January 2023. Gazprombank (Russia) was notified by two major US banks, JPMorgan Chase, and Bank of New York…

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…

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…

Russian authorities have determined criteria for foreign companies’ Russ...

According to the draft of Minutes of meeting of Russian Governmental Commission for Overseeing of International Investments, December…

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…

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,…

The RF sanctions foreign energy companies

The RF enacted Decree No. 851 on May 11th, 2022 “On measures to implement Presidential Decree No. 252…

The US imposed restrictions on corporate management services to Russian ...

On the 8th of May 2022, the United States adopted a new sanctions package against the Russian Federation…

OFAC issued new Russia-related general licenses

OFAC issued two revised general licenses and three new general licenses with relation to Russia on May 2nd…

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,…

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…

The RF enacts a new Decree imposing retaliatory sanctions

The RF has enacted the Decree on the application of retaliatory sanctions against unfriendly countries and organizations. The…

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…