Elizaveta Pastushenko told BCS Express what is important to know when transferring a business by inheritance
Elizaveta Pastushenko, Senior Associate of Private Wealth practice at Maxima Legal, has told BCS Express what is important to know when inheriting a business in the form of JSC, LLC and sole proprietorship, as well as what to pay attention to in case the successors are not interested in entrepreneurial activity and in case of the business…
06.11.2024
Arina Merkureva explained to Vecherny Peterburg whether the lack of permanent registration affects the rights and freedoms of citizens
Vecherny Peterburg newspaper drew attention to the fundamental difference between the Soviet registration at the place of residence and the modern one. In the USSR, the registration-imposed restrictions on movement within the country: it required a serious reason, such as marriage registration or a new job. Nowadays, the right to freedom of…
25.10.2024
Sergey Tarasevich explained to Cbonds Weekly News how the bond taxation changes under consideration will affect the debt market and bondholders
In early October, media reported on two tax initiatives related to bonds at once. Firstly, the Ministry of Finance proposed to charge personal income tax on gifts of all types of securities and derivative financial instruments to non-close relatives. Secondly, the State Duma may consider introducing a tax deduction for holders of people's bonds…
10.10.2024
Elizaveta Pastushenko discussed with BCS Express the difficulties in the process of accepting inheritance, as well as the specifics of inheriting various personal assets
Elizaveta Pastushenko, Senior Associate of Private Wealth Practice at Maxima Legal, explained specially for BCS Express what difficulties relatives or partners may face in the process of inheritance acceptance, and also the expert told about the peculiarities of inheritance of cash, securities, liabilities, luxury goods and collections, as well as…
25.09.2024
Natalia Demina told BCS Express how Succession Planning works and who needs it
Specially for BCS Express, Natalia Demina, Partner, Head of Private Wealth Practice at Maxima Legal, explained what Succession Planning is and who needs it. ‘The goals of Succession Planning can be different: someone wants to pass everything to children or a partner, someone wants to give it all to charity, like Bill Gates, David Rockefeller…
11.09.2024
Sergey Tarasevich has assessed for RBC the results of the first round of frozen assets exchange
The Russian authorities managed to carry out the buyout of blocked assets of Russians by foreigners despite sanctions and other restrictions of the European Union, including a direct ban on the participation of the EU citizens in the procedure. Recall that this is a mechanism where foreign investors can buy back blocked foreign assets from…
13.08.2024
Maxima Legal won a court case against Euroclear Bank S.A./N.V. in the interests of a Russian investor
Maxima Legal obtained a court decision to recover unpaid coupon income and unpaid redemption amounts of securities blocked on NSD's account from Euroclear Bank S.A./N.V. in favour of a Russian citizen. The practice in disputes with the European depositories Euroclear and Clearstream is generally similar in favour of Russian investors, but…
07.08.2024
Sergey Tarasevich has assessed for RBC whether the extension of OFAC's general licences for certain transactions with Moscow Exchange and its constituent entities will affect private investors whose assets are blocked at Euroclear
The US Office of Foreign Assets Control (OFAC) has extended until 12 October 2024 the licences allowing foreign counterparties to complete transactions with the Moscow Exchange and its constituent entities - the National Clearing Centre (NCC) and the National Settlement Depository (NSD), which have been placed under blocking sanctions. At RBC's…
02.08.2024
Sergey Tarasevich has explained to RBC how the EU ban on participation in asset swaps with Russians could affect foreign investors
In November 2023, the Russian President signed a decree allowing Russian and foreign private investors to exchange blocked assets. The transactions are scheduled for 12 August 2024, with Russian investors offering to redeem about 2,500 assets worth a total of RUB 35 bn. However, on 24 July 2024, the European Commission banned citizens and legal…
25.07.2024
Natalia Demina told Pravo.ru how a personal foundation - a Russian alternative to trusts - works
Natalia Demina, Partner, Head of Private Wealth Practice at Maxima Legal, reminded Pravo.ru that in April 2022, European Union Council Regulation No. 2022/576 prohibited the administration of trusts with Russian founders and beneficiaries, and from May the EU stopped registering them and providing management services, including acting as trustee.…
25.07.2024