Nikita Deynega discussed with DP what legal services will be most in demand by businesses in the near future
A research conducted by Delovoy Peterburg newspaper showed that, local lawyers expect that in the second half of the year business will most often turn to them on issues related to the application of sanctions and anti-sanctions legislation. Sanctions imposed by foreign countries, as well as countermeasures to support domestic businesses, not only…
13.08.2024
Nikita Deynega analysed for Mashnews the applicability of the scheme of post facto VAT payment by state defence contractors
The State Duma Committee on Budget and Taxes has recognised that it is inexpedient to change the mechanism for the payment of VAT by enterprises engaged in the fulfilment of state defence orders. At present, it is paid at the moment when products are shipped from the contractor to the customer. At the same time, postpayment is common in the state…
04.06.2024
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
Nikita Deynega has explained to Delovoy Peterburg the sudden surge of business interest in ‘Russian offshores’
Delovoy Peterburg newspaper drew attention to the growing interest in ‘Russian offshore’ - special administrative regions (SARs) - separate territories of the Russian Federation with a flexible tax and currency regulation regime (profit tax exemption, the ability to hide the ultimate owners, lack of currency control, etc.). Formally, the idea to…
06.05.2024
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
Sergey Tarasevich told Novy Prospect about the importance of being present at the workplace at the time of inspections
Despite Russia's moratorium on inspections, regulatory authorities continue to carry out control measures. These include inspections of premises, interviews with employees and document requests. At the same time, unlike a full-fledged field inspection, regulatory authorities are not required to notify the inspected entity of their visit, which, in…
09.04.2024