On May 20, 2024, Decree No. 430 of the Russian President was published that has imposed restrictions on transactions involving the acquisition of exclusive rights to the results of intellectual activity or means of individualization. This Decree does not apply to the granting of rights to use intellectual property under license or other similar agreements that do not provide for the alienation of exclusive rights.

On May 17, 2024, the Russian Ministry of Finance published on the website a new extract from the minutes of a meeting of the subcommittee of the Russian Government Commission.

On May 23, 2024, the President of Russia signed Decree No. 442, establishing the procedure for compensating damages caused by decisions of US governmental bodies and courts to seize foreign assets of the Russian Federation and the Central Bank of Russia.

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.

This time of the year has come again when companies need to approve their financial results for the previous year. Limited liability companies will have to approve their financial results for 2023 not later than April 30, 2024, and joint-stock companies not later than June 30, 2024 (unless otherwise provided by the company’s charter).

The Bank of Russia has published new Clarifications No. 1-OP dated March 22, 2024 on the procedure for applying Decree No. 95 of the Russian President dated March 5, 2022.

Decision No. ПРГ-12-3/534 of the Working Group of the Bank of Russia dated March 6, 2024 has revised the conditions, on which Russian residents may, without individual authorizations from the Bank of Russia…

On July 12, 2023, the new minutes of a meeting of the Russian Government Commission regarding the rules for obtaining authorizations for closing transactions in interests or shares and paying dividends were published on the website of the Russian Ministry of Finance.

On June 21, 2023, the German-Russian Chamber of Commerce held its annual CFO conference in Moscow. Julia Talagaeva talked about “Payments to foreign shareholders from unfriendly countries — Current Practice of Obtaining Authorizations”.

On April 20, 2023, the German-Russian Chamber of Commerce (AHK Russland) held a Legal & Financial Update conference where speakers and participants addressed the most topical issues of the legal landscape for business.