Russia was Added to the Amended European Black List of Countries for Tax... At February 14, 2022, the European Council has updated its so-called Black List of ‘non-cooperative jurisdictions for tax… 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
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… Read More
US Court Allows Forfeiture of Assets that Belong to a Sanctioned Russian... In April, 2022, the European Council has announced its “freeze and seize” legislative initiative and formed a so-called… Read More
The EU Caps Purchase Price of Russian Oil and Gas Products, Effective Fe... The European Union has imposed a limited ban and a purchase price cap on the import and transport… Read More
Switzerland Joins the Ninth Package of Sanctions Against Russia On January 26, 2023, the Swiss Federal Council imposed the ninth package of economic sanctions against Russia. The… Read More
British High Court Authorizes Money Judgement in Favor of a Bank Subject... In a recent judgment, British High Court of Justice ruled on an application for a stay and discharge… 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 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