Maxim Avrashkov commented for Delovoy Peterburg on Maxima Legal's experience in unblocking assets in Euroclear and shared his vision for the development of this practice
In February 2022, three months before the EU imposed sanctions on the Russian national depository (NSD), the Belgian depository Euroclear suspended any transactions with NSD, which resulted in the "freezing" of Russian investors' securities and funds. However, cases of both unblocking of assets by obtaining individual licences from the Belgian…
30.10.2023
Maxima Legal obtained a licence for securities blocked in EuroClear
In October 2023, Maxima Legal received its first licence from the Belgian Treasury for both cash and securities of a Russian private investor. It should be recalled that earlier favourable decisions were only for funds. In our application to the Belgian regulator on behalf of a Russian client with a Cypriot residence permit and account, we asked…
12.10.2023
Natalia Diatlova spoke about legal aspects of working with China and the CIS countries at the St Petersburg Medical Forum
The XVI St Petersburg Medical Forum took place in St Petersburg from 24 to 26 May. Representatives of Russia's largest medical organisations and relevant authorities discussed topical issues ranging from development scenarios for Russian healthcare and the medical services market under sanctions to the digitalisation of healthcare. Natalia…
29.05.2023
Maxima Legal lawyers told Forbes what will change in business laws in 2023
In the past year, Russia regularly introduced amendments to legislation that changed the rules of the game for entrepreneurs. Nikita Deynega, Senior Associate and Head of Tax & Administrative Law Practice at Maxima Legal, explained to Forbes Russia that the main trend in 2022 was the reactivity of changes: many of the amendments to laws were…
09.01.2023
Maxima Legal has applied for EuroClear to unblock the assets of Russian investors and has also submitted a request to the Belgian Ministry of Finance and a complaint to the European Commission seeking a review of the Belgian Ministry of Finance's stated conditions
Maxima Legal team has applied to the Belgian Treasury for a licence to unblock EuroClear assets from more than twenty private investors. Recall that on December 22, 2022 the Belgian Treasury published the terms of unblocking of NSD's assets in EuroClear, which had to be fulfilled until January 7, 2023. Due to short deadline and necessity to…
09.01.2023
Maxima Legal has increased its presence fivefold in the Forbes Club Legal Ranking, a survey of the best Russian HNWI practitioners
Forbes Russia has presented the results of its own analysis of law firms practicing in the field of private wealth, highlighting Maxima Legal's expertise in 21 areas of legal support. The company was named a leader three times, a leading firm 10 times, and a recommended firm 8 times. In addition, we note that the company was recognised in all 6…
20.12.2022
Nikita Deynega has explained to Cbonds why private investors want to join NSD's lawsuit to lift sanctions
A group of holders of financial assets frozen by European securities depositories in connection with the inclusion of National Settlement Depository (NSD) on tje EU sanctions lists, working together with the assistance of Maxima Legal and foreign consultants, has submitted an application to the EU General Court on behalf of one of the investors to…
17.11.2022
Natalia Diatlova told Pravo.ru about the nuances of a foreign notary certifying the signature of the sole participant in a Russian business
Pravo.ru legal media prepared a brief guide to doing business in Russia from abroad. The media drew attention to the incomplete adaptation of legislation for remote business management, but highlighted a number of effective mechanisms, including issuing a power of attorney to a trusted person or transferring the business to trust management,…
16.11.2022
Natalia Diatlova talked about the legal specifics and risks of doing business in China at a seminar of the Leningrad Regional Chamber of Commerce and Industry
On November 8, the Leningrad Regional Chamber of Commerce and Industry (LRCCI) held a business seminar DOING BUSINESS WITH CHINA dedicated to the specifics of working with Chinese partners. The experts discussed the issues of trade and economic cooperation between China and Russia, topical problems of logistics, peculiarities of customs and tariff…
09.11.2022
Maxim Avrashkov has explained to Delovoy Peterburg the pricing of dispute resolution
The geopolitical situation, which has changed dramatically over the last six months, has affected all sectors of the economy. One of the key factors affecting the legal services market has been the withdrawal of foreign business from Russia. This has led to the almost complete disappearance of the high-cost sector, which was predominantly handled…
20.09.2022