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 updated its tax residency test for individuals The UAE Cabinet of Ministers has issued a Decision dated September 2, 2022 (Effective March 1, 2023)[1] on “Determination… Read More
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… 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
Supreme Court of Russia has issued a decision on status of a person̵... December 22, 2022, the Supreme Court of Russian has resolved an issue of whether spouses should be deemed… Read More
European Council clarifies its prohibition on providing legal services Earlier, following the updated Art. 5n of Council Regulation 833/2014, it was prohibited to provide “legal advisory services”… Read More
Post-Brexit consequences: UK count founds Home Office’s interpreta... Under the Brexit Withdrawal Agreement[1], the UK and the EU agreed that EU citizens in the UK and… Read More
National Settlement Depository to obtained a license from Ministry of Fi... December 22, 2022, Russian National Settlement Depository, the main depository of foreign securities in Russia, previously sanctioned by… 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
Luxembourg has issued a General Authorization allowing to unblock the as... December 20, 2022, Luxembourg Ministry of Finance has authorized[1] (“General Authorization”) a release of funds held by currently… Read More
EU Adopts 9th package of sanctions against Russia December 16, the EU has adopted the 9th package of sanctions[1] against Russia due to its actions against… Read More