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Pepeliaev Group advises that the amendments made to the Russian Civil Code and to the Law on LLCs to specify the procedure for LLC members to withdraw from an LLC took effect on 11 August 2020.
Pepeliaev Group advises that on 11 August 2020 amendments to the Federal Law “On currency regulation and currency control” will come into effect. The amendments extend possibilities to utilise foreign accounts of foreign branches and representative offices of Russian entities. They also introduce the obligation to submit statements on the flows of financial assets in foreign accounts, and provide various other clarifications.
Pepeliaev Group advises that the Russian Finance Ministry has announced on its official website the launch of the unilateral denunciation of the double tax treaty with the Republic Cyprus.
