The Supreme Court of the Russian Federation, in case No. A56-58832/2019, approved an amicable settlement in a separate dispute concerning the recognition of unlawful inaction by a bankruptcy trustee, expressed in the failure to reserve and return monetary funds following the reversal of enforcement of a judicial act. The Economic Chamber found it permissible for […]

Citizens whose foreign currency account or deposit was opened before March 9, 2022, can withdraw funds up to the balance available as of 00:00 (MSK) on that date, but no more than $10,000 USD (or the equivalent in euros). This restriction applies regardless of the currency of the account or deposit, provided that they have […]

Please note: the filing deadline is April 30, 2026.  Failure to meet the deadline may result in significant penalties:  Late submission of a CFC notification — a fine of RUB 500,000 for each foreign company or structure.  Late submission of CFC financial statements together with the notification — a fine of RUB 500,000 for each […]