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The Russian Supreme Court clarifies a new procedure for considering bankruptcy cases

Pepeliaev Group advises that a draft resolution of the Plenum of the Russian Supreme Court (the ‘Supreme Court’) has been published to clarify how global changes which were adopted this year should be applied in the procedure for co...

The law has come into effect to introduce criminal liability for personal data leakages

Pepeliaev Group advises that, on 11 December 2024, Federal Law No. 421-FZ “On amending the Criminal Code of the Russian Federation” dated 30 November 2024 came into force.

The UAE Tax Case Study. Overview of the recent updates on Corporate Tax and Tax Procedures

The UAE Tax Case Study. Similar Entities to gain Family Foundation Exemption

The UAE’s Corporate Tax Law has introduced beneficial provisions for Family Foundations, trusts, and similar entities, offering these structures the potential to attain tax-transparent status. However, while the law allows this benefit for ...

The UAE Tax Case Study. Significant Changes to Tax Transparency Rules for Family Foundations

On October 28, the Minister issued Decision No. 261, introducing pivotal updates under Article 5(2). This decision expands the scope of entities eligible for tax transparency, allowing any juridical person wholly owned and controlled...

Restrictions and measures of state support for business: the digest for 9–22 December 2024

The powers have been extended of the Government Commission on Monitoring Foreign Investment. Laws have been adopted on extensive amendments to legislation regarding public procurement. A charge is being introduced in Russia for distributing...

Mass bankruptcy of foreign companies in Russian courts

Pepeliaev Group advises of Russian creditors’ (including the Federal Tax Service’s) new mechanism for collecting debts through commercial courts. This is done through the bankruptcy of foreign companies and their estate in Russia.

When fines do not instil fear, or a special measure for offenders

A fine and an order are measures established for a breach of antitrust legislation. They cannot be applied simultaneously. Yet, how one of them takes priority over the other is not regulated. Lately, instead of a fine, the Russian Federal Antimonopoly...

Restrictions and measures of state support for business: the digest for 25 November – 8 December 2024

The mechanism has been extended for suspending the rights of foreign holding companies within an economically significant company; the Government Commission will issue opinions for corporate rights to be suspended within an economically...

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