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
Sergey Tarasevich told Cbonds Weekly News what an investor should take into account when exchanging blocked assets
Investicionnaya Palata Broker announced the strategy of accepting bids for the redemption of frozen assets and published the prices from which the auction will begin. As previously announced, the prices are taken from foreign exchanges at the end of trading on Friday, 22 March 2024. It is assumed that foreign investors will buy these assets from…
28.03.2024
Sergey Tarasevich has commented to RBC on the presidential decree on the payment of funds from C-type accounts
On 19 March 2024, Russian President Vladimir Putin signed a decree allowing payments on securities of Russian issuers from C-type accounts to Russians and foreign companies controlled by them that are not recognised as persons from "unfriendly" countries, despite their actual registration in such countries. As of the end of March 2023 (the latest…
20.03.2024
For the fifth time Pravo-300 rating included Maxima Legal team in the list of recommended lawyers
Pravo-300, the key Russian legal ranking, has published individual recommendations of lawyers practising in various areas of law. According to the results of the survey for 2023, personal recognition in 11 areas of law was given to 8 Maxima Legal lawyers who played a leading role in the firm's most highly rated projects for the period from…
19.03.2024
Nikita Deynega has commented for RBC Pro on the position of the court that refused to allow the Federal Tax Service to impose additional charges of RUB 900 m on the logistics operator of Magnit retailer
Since the beginning of 2024, commercial courts have issued 298 first-instance decisions on claims of "ineligibility to apply VAT benefits", "illegal splitting of a business" and "unjustified tax benefits". The amounts of additional charges in the cases in question range from almost RUB 600 m to RUB 1.185 bn, but some of the taxpayers managed to…
09.03.2024
In a commentary for DP Nikita Deynega has suggested on what grounds structures associated with Roman Abramovich could have been excluded from the data on the founders of the companies reconstructing New Holland
The Unified State Register of Legal Entities has become inaccessible to information on participants of Novaya Gollandiya Development LLC and a number of other companies, the owner of which until recently was considered to be the Cyprus-based Protonius Investments Ltd, which in turn is considered to be controlled by Roman Abramovich. Nikita…
28.02.2024