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 expected that the procedure for appointing a CEO will change as soon as September 1 this year, and the rules for holding a general meeting remotely (with several exceptions) will take effect March 1, 2025.

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 management board.

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 26, 2024, the Russian Ministry of Justice registered Order No. 35н of the Russian Ministry of Finance dated March 28, 2024, which approved a Special List of States and Territories that provide Preferential Tax Treatment and/or do not require the Disclosure and Provision of Information when Financial Transactions are Conducted (Offshore Zones).

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.

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.

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.

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 share their current experience.