Legal overviews
Legal Risks Associated with Foreign Shareholders Neglecting or Unduly Fulfilling Their Obligations to Manage a Limited Liability Company
- Service: Corporate Law / Mergers and Acquisitions
- Date: 24.06.2024
Despite the sanctions imposed by western countries, a significant number of foreign companies maintain their presence on the Russian market and continue to operate, mainly through subsidiary limited liability companies. In this connection, we bring to your attention a review of Russian laws governing the legal consequences of a foreign shareholder's failure to fulfill (or improper fulfillment of) its obligations to manage an LLC established under Russian laws.
Changes in Income Tax: What to Expect
- Service: Tax Law
- Date: 17.06.2024
Last week, the Russian Government submitted to the State Duma for consideration and subsequent adoption a draft law (hereinafter also the "amendments") proposing to substantially reform Russian tax laws starting January 1, 2025.
Transactions Involving Acquisition of IP Assets From "Unfriendly" Rightholders Costing over RUB 15 million Now Require Government Commission Approval
- Service: Intellectual Property (IP)
- Date: 05.06.2024
On May 20, 2024, Presidential Decree No.430 "On temporary procedure for acquisition of exclusive rights of certain rightholders and performance of monetary obligations to certain foreign creditors and persons they control" (the "Decree") was published, which establishes the following changes to the procedure for alienation of exclusive rights and payment of remuneration for the alienation.
Tax-Free Transfer of Assets Continues!
- Service: Tax Law
- Date: 30.05.2024
Taxpayers who missed the 2022-2023 deadline for processing transfers of assets from controlled foreign companies ("CFCs") have been in the waiting for many months for an extension of the benefits of tax-free transfer of assets from CFCs. And now, this week, the bill to extend and expand the exemption was approved by the Federation Council, which means that it will soon take effect and the process of voluntary deoffshorization will continue.
Accreditation оf IT Companies: Confirmation аnd More
- Services: Tax Law, Information technology
- Date: 15.05.2024
We would like to remind you that IT companies that wish to enjoy tax benefits need to confirm their state accreditation every year. Companies can confirm state accreditation on the Gosuslugi web site from May 8 to June 1 inclusive.
Deadline coming for filing notifications on controlled transactions
- Service: Tax Law
- Date: 13.05.2024
By May 20, 2024, taxpayers must submit a notification to the tax authority regarding controlled transactions (Clause 2 Article 105.16 of the Russian Tax Code). The key points regarding filing such a notification are described in our brief.
Additional Social Guarantees Against Dismissal for Certain Categories of Employees
- Service: Labor and Migration Law
- Date: 19.04.2024
In February of this year, amendments were introduced to the Russian Labor Code (the "Labor Code") concerning guarantees for persons with family responsibilities in cases where an employment contract is to be terminated.
Changes and initiatives concerning employment of foreign nationals
- Service: Labor and Migration Law
- Date: 03.04.2024
Key Aspects of The Asset Swap
- Service: Tax Law
- Date: 25.03.2024
The media’s attention has long been drawn to issues of swapping assets blocked due to sanctions imposed by western states, as well as due to the counter-sanctions Russia imposed in response.
EU 12th sanctions package: software under threat
- Service: Intellectual Property (IP)
- Date: 30.01.2024
Economic sanctions against Russia have been among the hot topics for business. At the end of 2023, the EU published the 12th sanctions package aimed at Russian companies and state authorities. There are major changes concerning the provision of software to Russian companies.