Maxima Legal has helped first investors join NSD's fight to lift sanctions
A group of owners of financial assets frozen by European securities depositories in connection with the inclusion of National Settlement Depository (NSD) in the EU sanctions lists, working together with Maxima Legal and foreign consultants, has submitted an application to the EU General Court on behalf of an investor to join NSD's claim to…
14.11.2022
Maxim Ali told Forbes whether the future of Bookmate, Individuum and Popcorn Books in Russia will be affected by their affiliation with foreign-agent media
At the end of October, the Ministry of Justice declared the owner of the Bookmate book service, Irish Bookmate Limited, the former CEO of its Russian division Andrei Baev, and Alexei Dokuchaev, the CEO of Individuum and Popcorn Books, whose majority shares were also owned by the parent foreign brand, to be foreign-agent media. According to book…
10.11.2022
Sergei Bakeshin assessed for Delovoy Peterburg the effectiveness of debt restructuring for private individuals
In February 2021, VEB.RF initiated bankruptcy proceedings against the St. Petersburg billionaire Alexander Yebralidze. The state corporation is trying to recover RUB 34.1 bn from the entrepreneur on loans in which he acted as guarantor. In April this year the Commercial Court of St. Petersburg and the Leningrad Region initiated restructuring of…
27.10.2022
Sergei Bakeshin has commented on the presidential decree introducing basic preparedness levels in a number of regions
St Petersburg has been included in the list of Russian regions where, the level of basic preparedness has become effective since 20 October 2022 by a decree of Russian President Vladimir Putin. As part of the security measures, an operational headquarter under Alexander Beglov, the Governor of St Petersburg, is to ensure widespread strengthening…
21.10.2022
Nikita Deynega has commented to Finam.ru on the EU`s position and Clearstream's plans for blocked Russian assets
In early October, Clearstream depository announced the resumption of conversion of Russian depositary receipts (DRs), while the EU announced conditions for unfreezing the assets of Russian investors. Nikita Deynega, Senior Associate, Head of Tax & Administrative Law practice at Maxima Legal, explained Finam.ru how this news may affect Russian…
07.10.2022
Maxim Avrashkov has discussed with RBC scenarios for unblocking Russian investors' accounts with European depositories
Russian investors were cut off from their securities in spring. In early June, the EU imposed sanctions against the National Settlement Depository (NSD), which legitimised the previous restrictions and increased investors' fears. Maxim Avrashkov, Managing Partner at Maxima Legal, told RBC about the reasons for the blockage and possible ways to…
05.10.2022
Maxima Legal participated in the Legal Masters Forum
Maxima Legal experts took part in the third Legal Masters Forum held in Voronezh on 15-17 of September. Nikita Deynega, Senior Associate, Head of Tax and Administrative Law Practice at Maxima Legal, moderated the Private Wealth section dedicated to key aspects of working with private clients as well as outlined "sanctions" and "counter-sanctions"…
19.09.2022
Sergey Tarasevich has explained to EJ-Jurist Magazine the Bank of Russia's position on certain securities and real estate transactions with residents from unfriendly countries
Specially EJ-Jurist Magazine, Sergey Tarasevich, Associate of Tax & Administrative Law practice at Maxima Legal, has analyzed the letter of the Bank of Russia dated 30.08.2022 № 010 31 4/8237. The document confirms the absence of the need to obtain permission for some transactions with securities and real estate with residents of unfriendly…
08.09.2022
Nikita Deynega has told Pravo.ru how a lawyer should write a CV
Specially for Pravo.ru legal portal? Nikita Deynega, Senior Associate, Head of Tax & Administrative Law practice at Maxima Legal, explained what a lawyer should look out for when drafting a CV. Thus, according to Nikita, there is no need to resort to career specialists. For lawyers, distinguished by the ability to articulate their…
07.09.2022
Maxima Legal announces launch asset rescue project blocked by EuroClear
In March 2022, the National Settlement Depository (the NSD) reported that its account operations were restricted by EuroClear; in June, the depository was officially added to the sanctions list. The situation is exceptional and no unequivocally effective way to resolve it has been formed so far. Therefore, Maxima Legal launched several legal…
06.09.2022