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#Sanctions. Support Measures #COVID-19 #UAE Corporate Tax Law

The court has prohibited Meta Platforms Inc. from doing business in Russia

On 22 March 2022 the Tverskoy District Court held Meta Platforms Inc. to be an extremist organisation and prohibited it from doing business in Russia.

Russian Boutique Work Surges As International Firms Ditch Clients

Independent Russian law firms are experiencing a surge of work as corporations seek to limit their exposure to Russia at the same time as international law firms are closing down their Moscow operations.

A special procedure is being revisited for initiating criminal cases for tax offences

Pepeliaev Group advises that, on 9 March 2022, a Federal Law came into effect to re-introduce a special procedure for initiating the criminal cases for which articles 198 to 199.2 of the Russian Criminal Code provide.

Undercover business

China has stormed into the ranks of the leading countries in terms of foreign investment in the Russian economy. According to independent research, China is the second-largest source of direct investments in Russia. The legal culture in China...

Draft law on the external management of companies associated with hostile states

Pepeliaev Group advises that the Ministry of Economic Development, in accordance with the instructions of the Russian Government dated 8 March 2022, has prepared a draft law “On an external administration for the management of a company”...

On 8 march new measures came into effect aimed at supporting suppliers under state and municipal contracts when sanctions are in force

Pepeliaev Group advises that a number of amendments have been introduced in legislation which are aimed at optimising procedures for the procurement of goods, work and services to provide for municipal and state needs, as well as state con...

The first Court decision in connection with violation of rights to IP items owned by a foreign entity from a ‘hostile’ country

Pepeliaev Group advises that the decision of the State Commercial Court of the Kirov Region dated 3 March 2022 in case No. A28-11930/21 has been published. This decision denied protection of an exclusive right of a foreign entity due to its...

Fourth stage of the ‘capital amnesty’: the conditions are the same, but new items to declare have arisen

Pepeliaev Group advises that on 14 March 2022 the law on the fourth stage of the ‘capital amnesty’ came into force. This law was adopted at the initiative of the Russian Government. Still, the ‘amnesty’ has a procedural form for the...

The Tax Code will be amended drastically to reflect the measures aimed at supporting business during sanctions

Pepeliaev Group advises that on 11 March 2022 the State Duma adopted in the first reading a draft law containing a package of tax measures to support business.