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Lidings – Strategic Partner of the Conference on Legal Issues in Pharmaceutical Industry

10 April 2025

April 10th, 2025 annual conference Pharmaceuticals – 2025: Legal Issues will take place in Moscow organized by Pravo.ru. Lidings lawyers take an active part in the event’s program.

As a strategic partner of the conference, we aimed to make the program rich and actual. Together with pharmaceutical industry experts and lawyers, we will discuss how the market has changed in 2024 and what awaits us in 2025.

Lidings Creates Information Resource for Simplifying Cryptocurrency Accounting and Tax Reporting

31 March 2025
Starting from 2025, the Russian Tax Code includes regulations on cryptocurrency (digital currency) taxation. The Code provides an answer to one of the key questions - how to convert cryptocurrency value into rubles for accounting and tax calculation purposes. For this purpose, a market quotation mechanism has been introduced, applicable to corporate income tax (new Article 282.3 of the Tax Code) and personal income tax (revised clause 1 of Article 211 of the Tax Code).

Anti-Corruption Compliance: Conditions For Legal Entities to Develop Anti-Corruption Compliance Policy

26 March 2025 “Business Quarterly” Publication, Association of European Businesses,March 2025

Corruption remains one of the key threats to sustainable business development. Corruption scandals demonstrate the disastrous consequences of corruption revelations for companies: multimillion dollar fines, criminal prosecutions of executives, reputational damage and loss of investor confidence.

Lidings - Appointed Exclusive Representative of WEX Crypto Exchange for Accepting Applications of Clients for Refunds – Informs on the Current Status of the Refund Procedure

26 March 2025

As previously communicated to WEX clients, the submission of applications and the compilation of client dossiers were suspended as of September 1, 2024. 

All applications submitted before this deadline have been processed, and the corresponding dossiers have been compiled and submitted to WEX’s management for review. We are pleased to report that significant progress has been made in locating clients, verifying their identities, and obtaining documentation confirming the lawful origin of their funds.

The Procedure for State Registration of Shared Ownership May Be Changed

28 February 2025

On 14 February 2025 the Draft Law No. 841857-8 “On Amending Articles 247 and 259.3 of Part One, Articles 689 and 700 of Part Two and Article 1137 of Part Three of the Civil Code of the Russian Federation” (hereinafter – the “Draft Law”), providing for the possibility of registering information on the order of possession and use of real estate in common shared ownership, was submitted to the State Duma.

Russia and the UAE Have Signed an Agreement on the Avoidance of Double Taxation

26 February 2025

The development of a double taxation treaty between Russia and the United Arab Emirates ("DTT") started as early as in 2022, but the final text of agreement was not known until middle of February 2025. The process of drafting the agreement was delayed because the UAE agreed to a 10% withholding tax rate on passive income paid abroad only under the terms of renegotiation of DTTs with other Arab countries, requiring similar tax rates of 10% in such agreements.

Pausing FCPA: is anti-corruption compliance on pause?

24 February 2025

On 10 February 2025, President Trump signed an executive order, "Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security" ("EO"): Is anti-corruption compliance on pause?

The EO establishes a moratorium on new investigations and enforcement actions under the FCPA for 180 days (with the possibility of a 180-day extension) and directs the Attorney General to review current investigations and enforcement actions within the specified timeframe, along with a revision of the guidelines governing FCPA investigations.