Elizaveta Pastushenko has told Bankiros how to open a bank account in Armenia
Armenia has become one of the popular countries for opening bank accounts since the imposition of sanctions against the Russian Federation. Among the advantages of the jurisdiction are its loyal attitude to both Russia and Western countries, the wide opportunities for opening ruble accounts, as well as the widespread use of the Russian language.…
06.09.2022
Natalia Demina analyzed for Finversia the situation with blocked Russian's assets in Europe
Natalia Demina, Partner, Head of Private Wealth practice at Maxima Legal, spoke on the problem of blocking of Russian private investors' securities by EuroClear and assessed the possible ways of rescuing these assets, especially for the financial portal Finversia. "There are a number of administrative and judicial options. In all options the…
29.08.2022
Natalia Demina has explained to Financial One how to legally deal with blocked assets
In an interview with the Financial One online magazine for financial markets, Natalia Demina, Partner and Head of Private Wealth practice at Maxima Legal, explained what legal measures could help Russian investors to unblock assets placed with the National Settlement Depository (NSD) that have been "frozen" by EuroClear. "From a legal point of…
24.08.2022
Nikita Deynega has told Finam.ru what Russian investors should do about blocked securities in Europe
Nikita Deynega, Head of Tax & Administrative Law practice at Maxima Legal, has analyzed the situation with the blocking of Russian investors' securities by EuroClear and has spoken about possible ways to solve the problem specially for Finam.ru financial portal. "This spring Russians were faced with the fact that transactions with their…
22.08.2022
Nikita Deynega told Secret Firmy whether it makes sense for Russian investors to sue over the blocking of foreign assets
At the end of February 2022, following the start of Russia's special operation in Ukraine, the EU Council adopted the first restrictive measures against assets of Russian investors located abroad. Among other things, the European depositories blocked about €4.5-7bn held in the accounts of the National Settlement Depository (NSD). In August 2022,…
15.08.2022
Natalia Demina commented for Forbes on the UK's introduction of a new Register of Overseas Entities
The UK has launched a Register of Overseas Entities, under which all foreign companies owning property in the country are required to disclose their real owners by 31 January 2023. The real beneficiaries are defined as those who own at least 25% of the shares in the legal entity that owns the property. The register was introduced under the new…
01.08.2022
Konstantin Boytsov told CRE about the challenges of terminating rental contracts
At the end of June 2022, Russian President Vladimir Putin signed a law giving owners of retail facilities the right to demand full rents from companies that have suspended operations or are withdrawing from the Russian market or to unilaterally terminate their contracts without penalties. In the autumn the Russian State Duma may also pass a law…
20.07.2022
Natalia Demina has explained to Forbes how the sanctions imposed on mr Potanin could affect his divorce
On 27 June 2022, Vladimir Potanin, the second richest man in Russia, challenged in the Supreme Court of the UK a decision to have his divorce proceedings heard by a British court. On 29 June 2022, the UK authorities imposed personal sanctions on the billionaire. This measure might influence on the venue and prospects of the dispute over the…
11.07.2022
Maxim Ali has commented to Advokatskaya Gazeta newspaper on the reversal in appeal of the famous Peppa Pig case
The Second Commercial Court of Appeal has overturned a ruling of The Kirov Regional Commercial Court which denied protection of intellectual property rights to the characters of Peppa Pig animated series. As a reminder, in March 2022 Entertainment One, the British company that owns the rights, tried to recover about RUB 40, 000 from a…
05.07.2022
Natalia Diatlova has told Novy Prospect about restrictions on foreigners in the agricultural sector
According to Novy Prospect online publishing, there are no agricultural producers among the foreign companies that are fully or partially winding down their business in Russia. The market players attribute this to the fact that the majority of the largest agricultural holdings are controlled by domestic entrepreneurs due to legislative…
05.07.2022