On November 21, 2024, the U.S. Office of Foreign Assets Control (OFAC) added more than 30 registrars and several Russian banks, including Gazprombank and its subsidiaries, to the sanctions list (SDN List). Please read our comments below to find out what it means for you.
Increase in Voluntary Contribution and Discount Upon Sale of Shares/Interests in Companies
As expected, the Russian Government Commission has tightened the conditions for issuing authorizations for transactions with respect to shares/interests in companies. Now, the discount must be at least 60% of the market value of an asset. Previously, it was at least 50%. A voluntary...
Russian Migration Laws Tightened
Extensive changes to Russian migration laws will take effect from February 5, 2025. They will, inter alia, affect the following. A register of controlled persons is to be introduced. The Russian Ministry of Internal Affairs will maintain a special online register of foreign citizens who...
Proposed Increase in Voluntary Contribution Payable Upon Sale of Shares/Interests in Companies
There has been an intense discussion lately about increasing the amount of a voluntary contribution payable upon the sale of shares/interests in companies up to 40% of their market value. As you may remember, where shares/interests in companies are sold involving entities/individuals from...
On July 30, 2024, the Russian State Duma passed, in its third and final reading, a draft law that alters, among other things, the procedure for documenting the change of the CEO of a company (for LLCs) and sets out rules for holding a general meeting remotely (Draft Law No. 103501-8). It is...
On July 23, 2024, the Russian State Duma passed, in its third reading, Draft Law No. 444871-8 that makes it possible to transfer certain matters that fall within the competence of the general meeting of shareholders of a non-public JSC and of members of an LLC to the board of directors or the...
Forte Tax & Law Takes First Place in Corporate Law Category in Delovoy Peterburg Legal Top Ranking
On April 23, 2024, a solemn award ceremony honoring the leaders of the Legal Top 2024 Ranking compiled by the Delovoy Petersburg Publishing House was held at the Palkin restaurant in Saint Petersburg.
Natalia Vorobyeva Speaks at Kommersant Tax Conference 2024
On April 18, 2024, the Kommersant Publishing House, jointly with Forte Tax & Law and several other experts, held Tax Conference 2024 that brought together leading Russian lawyers, consultants, and officials.
Nadezhda Danilenko Comments on Key Tax Events of March for Pravo.ru
The online media outlet Pravo.ru published a regular article on the key tax changes that occurred last month. In this article, Nadezhda Danilenko, Senior Associate at Forte Tax & Law, shared her expert opinion on the tax events of March 2024.
Webinar: Payments, Settlements, and M&A With a Foreign Element: Current Restrictions
Recent decrees of the Russian President are imposing more and more restrictions on payments, settlements, and transactions involving foreign persons. Leading Forte Tax & Law lawyers will host a free webinar to talk about the key restrictions imposed on transactions with a foreign element and...
Forte Tax & Law Ranks Among Leaders of Legal Services Market 2024, according to Kommersant
On April 10, 2024, Kommersant released the results of its annual survey—a ranking of Russia’s best law firms. One of the features of this survey is that it assesses not only the best industry practices and ranks individual lawyers. Researchers recognized the expertise of Forte Tax & Law in each...
On March 19, 2024, the Pravo.ru portal published its annual individual lawyers ranking by area of law. This research is a continuation of the Pravo.ru-300 Law Firm Ranking that was released last December.
Services for companies
in Pravo.ru300 rating
Total amount of transactions
completed with our support
international rating Best Lawyers
90
Percentage of foreign clients