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
U.S. Sanctions additional Russian nationals and entities, extending cert... December 15, 2022, the OFAC has (i) updated SDN list and (ii) issued several General Licenses. Updates of… Read More
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… Read More
Danske Bank A/S pleads guilty to fraud regarding the access the US Finan... December 12, 2022, Danske Bank A/S, the largest Danish financial institution, has pleaded guilty and agreed to pay… 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
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
Switzerland joins EU in imposing the 8th package of sanctions against Ru... November 23, 2022, the Swiss Federal Council has updated its Order instituting measures in connection with the situation… 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