The results of the principal rating of law firms in Russia 2023 have been published.

Congratulations to the client and our lawyers for the victory!

In June this year, a unanimous decision was made to allow residents to carry out foreign exchange operations related to the provision of foreign currency under loan agreements for the benefit of friendly foreign non-residents (or Russian persons controlled by them) until 30.09.2023 inclusive. Last year's trend towards restricting foreign exchange operations remains relevant, but today the Russian Government provides temporary relief for those transferring capital to friendly countries.

In March 2022, the government had established rules for transactions between Russian companies and citizens or companies from unfriendly countries, requiring coordination with the relevant government commission.

In January 2023, the Presidential Decree of the Russian Federation No. 16 dated 17.01.2023 'On the Temporary Procedure for Decision-Making by the Bodies of Certain Russian Economic Societies' was issued, which regulates the possibility of not counting the votes of foreign participants in some cases when making corporate decisions.

Presidential Decree No. 618 dated 08.09.2022 'On the special procedure for conducting (executing) certain types of transactions (operations) between certain persons' establishes a series of new restrictions on conducting transactions with counterparties from unfriendly jurisdictions.

The spread of coronavirus infection has somehow affected all areas of government regulation. Certain changes also appeared in the work of the Federal Antimonopoly Service of Russia: FAS and its regional Offices have to respond immediately to the changes related to COVID-19, especially on those socially important markets that are essential for the population.

By the Ruling of the Presidium of the Supreme Court of the Russian Federation and the Presidium of the Council of Judges of the Russian Federation dated April 8, 2020, the special operation mode of the courts was extended until April 30, 2020, and some of the quarantine rules for the courts were clarified.

Trademark use and integrity, protection of competition and parallel imports: what has the Supreme Court of the Russian Federation prepared for us this November?

The most immediate and apparent areas of law needing updates and additions are human and civil rights, copyright, and intellectual property.

President V. Putin signed a decree suspending th application by Russia of specific provisions of bilateral dual taxation agreements (DTAs) with 38 unfriendly states until the moment they stop violating the rights of Russian citizens and companies or until such agreement ceases to apply to Russia.

What is essential to execute a real estate transaction between a Russian resident and an unfriendly non-resident in 2023?

In the context of recent events, new regulations are being formed, including those limiting economic turnover. Here are is a summary and a list of measures taken by the authorities of the Russian Federation.

The Interdistrict Inspectorate of the Federal Tax Service No. 46 in Moscow (hereafter referred to as 'the Inspectorate') is forming a new registration practice for verifying the authenticity of the information provided about the general director.

Due to COVID-19 pandemic and implying restrictive measures from governmental bodies, the point of commercial activity of small and middle-class entities gets extremely urgent.

We are reminding that from January 1, 2017, interest under Article 395 will be linked to CBR's refinancing rate (the law has been approved by the Duma and is now awaiting the approval by the Council of Federation).

The principal change is the mandatory claims and court order procedures in the arbitration process.