
Florida Court Denies Recognition of Russian Judicial Decision on Subsidi...
On April 22, 2025, the Miami-Dade County Court (Florida) refused to recognize and enforce a decision of the…
According to the draft of Minutes of meeting of Russian Governmental Commission for Overseeing of International Investments, December 12, 2022 it was discussed whether Russian subsidiaries of international companies (located in ‘hostile states’) may continue their operations in Russia has released criteria for grant of authorization for Russian subsidiaries of foreign companies from non-friendly jurisdictions to pay dividends to their parent companies abroad. Without such authorization, according to the 2022 legislation enacted following Russian invasion in Ukraine, such dividends are to be deposited into special restricted accounts in Russian currency.
It was held, inter alia, that such subsidiaries should be allowed to continue their work in Russiapay the dividends on the following conditions: