On 30 March 2023 and 3 April 2023 the Subcommission of the Government Commission for the Control of Foreign Investment in the Russian Federation published acts authorizing some transactions (operations) with foreigners, which previously were restricted.

The High Court of Justice on March 3, 2023 ruled on the dispute between UniCredit Bank (UK) and aviation companies Celestial Aviation Services Limited (Ireland, a subsidiary of AerCapHoldings N.V. (Netherlands)) and Constitution Aircraft Leasing (Ireland) on the issue of payment of funds under letters of credit of Sberbank.

Lidings takes high positions in the new rating of the leading legal advisors in Russia based on the analytical research held annually by the “Kommersant” newspaper. In 2023 the firm is ranked among the TOP leading legal advisors in Russia. 

On 27.03.2023 the Subcommission of the Government Commission for the Control of Foreign Investments published an Extract from the minutes of its meeting dated 02.03.2023. This document provides for a new requirement which has to be fulfilled in order to obtain Subcomission’s permission with regard to sale of shares of Russian companies. Foreigners from unfriendly states are now obliged to transfer funds to state budget in the amount of 5%-10% of the target’s valuation. 

In addition to the previously adopted rules the Sub-Commission of the Government Commission for the Control of Foreign Investments (hereinafter referred to as the "Sub-Commission") published new conditions for issuing licenses on transactions with shares (stocks) in Russian LLC and JSC conducted with persons of foreign unfriendly states.

The Ministry of Industry and Trade has recently published a new decree amending the Decree No. 1532 of 19 April 2022 “On goods admissible for parallel import, that shall not be restricted by art. 1359(6) and 1487 of the Civil Code”.

Review of the most notable court cases in international commercial arbitration and under sanctions restrictions  - 2nd Half of 2022.

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