Previously, tax consultants held the view that the presence of a Closed-End Mutual Fund (ZPIF) in the ownership structure of Russian assets provided protection against potential withholding tax risks in Russia. However, court practice has shown that this position is no longer relevant. For example, on August 16, the Arbitration Court of Saint Petersburg and […]

As representatives of a Russian Law firm our partners will update on the issues that Russian HNWIs and foreign investors upon selling Russian assets have been facing. The conference will be also broadcasted online, and the recording of the partners presentations will be available on the web page: https://www.academyfinance.ch/main.html

The general licenses of OFAC No 99 and 100 (the “Licenses”), that allowed withdrawal of the blocked assets (due to the sanctions imposed on NSD, NCC or MOEX) without obtaining a special permission from OFAC, expired on October 12. Due to non-renewal of the Licenses after October 12, it became necessary to obtain both licenses […]

The Eurasian Economic Commission has published a draft decision on the phased reduction of the duty-free import threshold for goods in the EAEU. Starting from April 1, 2024, the following threshold are applicable: 200 euros for postal shipments, and 500 euros for land transportation. The draft decision proposes to maintain the threshold at the level […]

Vladislav Monakhov, senior lawyer of Alimirzoev&Trofimov Law Firm, commented that the Supreme Court will clarify the meaning of the repeal of a debt act for vicarious liability, in the article published by PRObankruptcy. Stay in touch: info@atlawyers.com

The procedure of registration of PF is similar to the registration of legal entities. The settlor of a PF is to submit to the Russian Tax Authorities an application for registration of PF (form N R11001), a notarized decision on establishment of PF and its notarized charter. The documents submitted to the Russian Tax Authorities […]

In accordance with the Official Letter of the Russian Central Bank as of 27.05.2024 No 2-ОР if the securities are received by Russian residents or non-residents not associated with “unfriendly states” from non-residents associated with “unfriendly states” with a permission of the Government Commission the dividends, coupons and redemptions may be received to a normal […]

The comment by Tatyana Astakhova, Senior Lawyer of Tax Practice at AT Law Firm, on the optimal investor bundle in turbulent times, published in Kommersant. Stay in touch: info@atlawyers.com

Daria Khoroshavtseva, Lawyer of Alimirzoev&Trofimov Law Firm, commented when the owner can be evicted from the flat, in the article published by Mail Finances. Stay in touch: info@atlawyers.com