The conditions for issuing permits for transactions with en kons

The government commission has updated the list of conditions for issuing permits to foreigners from unfriendly states to engage in transactions with shares and stakes of Russian companies

The Ministry of Finance of Russia has published an excerpt from the decision of the subcommittee of the Government Commission on Control over Foreign Investments in the Russian Federation dated July 7, 2023, No. 171/5, which updates the list of conditions for issuing permits to foreign nationals from unfriendly states to conduct transactions involving the sale of shares and stakes in Russian companies.

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Dividend payout selling shares companies and real estate en kons

Paying dividends, selling shares and real estate by owners and shareholders from the states recognized by Russian authorities as unfriendly

Decree No. 618 introduced a restriction on transactions with shares of Russian LLCs owned directly or indirectly by unfriendly residents, entailing directly and (or) indirectly the establishment, change or termination of the rights of ownership, use and (or) disposal of shares in authorized capitals of limited liability companies (with the exception of credit institutions and non-credit financial institutions) or other rights that make it possible to determine the conditions for managing such limited liability companies and (or) the conditions for their entrepreneurial activities. The list of unfriendly states was approved by Decree No. 430-р. Permit to make transactions specified in Decree 618 shall be issued by the Government Commission for Control of Foreign Investments in the Russian Federation in accordance with the Rules approved by Decree No. 295 of the Government of the Russian Federation dated March 06, 2022.

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Liability russian banks towards clients for the blocking en kons

Liability of Russian banks towards clients for the blocking of funds by foreign intermediary banks

The imposition of sanctions by foreign countries against Russian banks has led to the inability of these banks to fulfill their obligations to clients regarding cross-border transfers of funds in foreign currency.
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Review of court practice on bankruptcy in 2022

The approved review by the Presidium of the Supreme Court of the Russian Federation reflects 37 positions on various issues based on the decisions of the Economic Disputes Collegium for the year 2022.
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Immunization of foreign workers against measles

Legal entities, individual entrepreneurs, and citizens are obliged to comply with the requirements of sanitary legislation, as well as with the provisions and orders of officials exercising federal state sanitary and epidemiological supervision (Article 11 of the Law No. 52-FZ "On the sanitary and epidemiological welfare of the population" of March 30, 1999).

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Parallel Import: Exceptions in Trademark Protection, Importers' Obligations, Difficulties, and Risks from Practice

Most enterprises during their activities encounter designations that individualize the goods of legal entities or individual entrepreneurs, known as trademarks.Read more

Special assessment of working conditions – terms and procedure

Article 212 of the Russian Labor Code requires employers to conduct a special assessment of working conditions. The relations, obligations and rights of employers and employees associated with special assessments of working conditions are regulated by Federal Law N 426-FZ dated December 28, 2013.
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Overview of legislation changes - March 2023

Overview of the most important legislation changes - March 2023
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Issuance enforcement order for the implementation en konsu outso

Issuance of an enforcement order for the implementation of an arbitration court decision may be refused if its execution violates anti-crisis measures

As follows from the court's conclusions stated in the Resolution of the Central District Arbitration Court dated February 27, 2023 in case No. A14-13590/2022, anti-crisis measures related to obligations to foreign persons are part of the public order of the Russian Federation.
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The requirements for obtaining tourist visa have been en konsu o

The requirements for obtaining a tourist visa have been simplified for citizens of 19 countries

Starting from March 06, 2023, amendments have been made to the law that expand the possibility of obtaining an ordinary tourist visa in Russia for foreign citizens based on confirmation of a reservation in a hotel or other accommodation facility included in the unified list of classified hotels, ski resorts, beaches, for citizens of foreign countries, the list of which is determined by the Government of the Russian Federation.
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