78.ru has quoted Maxima Legal's experience in relation to payments under Presidential Decree No. 665
In September 2023, Vladimir Putin signed Decree No. 665 approving the procedure for payments on Eurobonds of the Ministry of Finance depending on the infrastructure through which investors hold them. If through Russian infrastructure, payments are made in roubles through the National Settlement Depository (NSD). Investors holding securities…
22.05.2024
Forbes Russia quoted Sergey Tarasevich's opinion on how to extend the effect of Decree No. 665 to the assets blocked on the SPB Exchange
SPB Exchange said it is discussing with Russian regulators the payment of dividends on foreign securities frozen due to sanctions against the trading floor. The idea is to extend to these assets the mechanism under Decree No. 655, which provides for the payment of income from funds intended for payments to foreigners on sovereign Eurobonds. The…
21.05.2024
Frank Media quoted Sergey Tarasevich's saying amendments to Decree No. 655, necessary to extend it to the frozen assets on the SPB Exchange
SPB Exchange hopes to extend the effect of Presidential Decree No. 665 to the assets of its clients. As a reminder, the directive provides for the payment of dividends and coupons on blocked foreign securities to Russian investors in roubles at the expense of the Ministry of Finance funds intended for payments to foreigners on sovereign Eurobonds.…
21.05.2024
Sergey Tarasevich has commented for RBC on the option of paying investors income on frozen foreign assets being considered by SPB Exchange
Since 2 November 2023, as a result of the blocking US sanctions on SPB Exchange, trading in all foreign assets on the exchange was halted and foreign assets already owned by the investors totalling $3 bn were blocked. SPB Exchange is currently discussing with Russian regulators the possibility of extending to the frozen assets of its clients the…
21.05.2024
Sergey Tarasevich has explained to Cbonds Weekly News whether the position of Clearstream and regulator Euroclear will affect the prospects for the exchange of blocked assets
On 8 May 2024, the deadline for accepting bids for the exchange of blocked assets worth up to RUB 100,000 expired. According to the data of the exchange bidding organiser, the demand for the redemption of assets from non-resident investors exceeded the potential supply of Russians. At the same time, Clearstream depository and the Belgian Ministry…
08.05.2024
Dmitry Uryakin told DP about the consequences of bringing entrepreneurs to subsidiary liability
The Delovoy Petersburg newspaper has drawn attention to a steady nationwide trend towards an increase in the number of applications granted by commercial courts to bring company owners to subsidiary liability. If in 2019 the courts validated 41% of applications filed by creditors and arbitration managers, in 2023 - 51%. At the same time, there is…
30.04.2024
Leonid Filanovskiy told DP about his work on the case, with which he won the title the Advocate of the Year, and his views on the profession
As part of the research "Yurtop: Team Scoring" initiated by Delovoy Peterburg newspaper, players of the St Petersburg legal services market named Leonid Filanovskiy, Partner, Head of Criminal Law Practice at Maxima Legal, the "Advocate of the Year". At the request of the newspaper, Leonid spoke about his work on the case that brought him…
24.04.2024
St Petersburg legal community named Maxima Legal one of the best law firms in the city, and Leonid Filanovskiy was named the Advocate of the Year
For the fourth time Delovoy Peterburg newspaper summarised the results of "Yurtop: Team Scoring" the rating, a survey of St Petersburg based law companies on the assessments of the market participants. The opinion of the professional community once again confirmed the level of Maxima Legal's expertise. The company was ranked among the…
24.04.2024
Elizaveta Pastushenko told BCS Investment how to lend money correctly
Specially for the ИСЫ Investment, Elizaveta Pastushenko, Senior Associate of the Private Wealth practice at Maxima Legal, explained how it is legally correct to lend money and what steps to take to increase the guarantees of loan repayment. "Regardless of the amount of the loan, the key rule is a written record of all agreements and the fact of…
09.04.2024
Kirill Katkov has commented for Telesputnik on the blogger's exclusion from the list of foreign agents
The Russian Ministry of Justice has removed Nikolai Sobolev, one of the local YouTube bloggers, from the register of foreign agents. The reason for his inclusion in the blacklist, where the blogger had been for just over a year, was his statements about a special military operation. Kirill Katkov, Associate at Maxima Legal, reminded Telesputnik…
05.04.2024