INSIGHTS Relevant advice to help you meet new legal challenges We monitor the trends that are relevant to your business whether in your local market or across multiple jurisdictions. In this section, you will find articles and analyses focused on the legal aspects of a broad range of current topics.
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3 May 2024 Strategies for business structuring in Russia

Due to global geopolitical events taking place since 2022, international companies operating in Russia face challenges associated with sanctions compliance. At the same time, in response to foreign sanctions, the Russian authorities have adopted a special set of “countersanctions” measures. In such circumstances, international groups adopt their strategies with respect to the Russian market.

To learn more about these strategies please read our comprehensive analysis prepared for the Asia Business Law Journal’s new Japan Outbound Investment Guide.

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3 May 2024 Experiment requiring importers to ensure the recycling of waste from using goods

As of 1 January 2026, importers of goods will be obliged to pay the environmental fee in advance prior to the customs clearance not under the general procedure.

In the new AEB Business Quarterly Magazine article, Dmitriy Bogdanov, head of ESG practice at SEAMLESS Legal, explores the draft of the Russian Government decree which approves the procedure for conducting the experiment for assessing the effectiveness of the new mechanism before the relevant provisions begin to apply in full.

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INSIGHTS
PRACTICE
  • Antitrust & Regulatory
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  • Corporate/M&A
  • Digital Law
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INDUSTRY
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19 June 2024 TP guide: A handbook on transfer pricing regulation in Russia

We have prepared this guide to assist taxpayers in navigating the complexities of Transfer Pricing compliance.

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11 June 2024 A decree enforcing a waste recycling experiment for specific groups of imported goods

On 1 June 2024, the Government of the Russian Federation issued a Decree to conduct an experiment on specific groups of goods, including packaged goods.

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24 May 2024 New procedure for approving IP transactions

On 20 May 2024, Presidential Decree* No. 430 “On the Temporary Procedure for Acquisition of Exclusive Rights from Certain Right Holders and Meeting Monetary Obligations to Certain Foreign Creditors or Persons under their Control” was signed by the President and entered into force.

Now, within the framework of counter-sanction regulations, transactions on assignment of intellectual property owned by right holders from “unfriendly” states shall be approved by the Government Commission for Control over Foreign Investment in the Russian Federation.

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2 May 2024 Digital Law Digest No. 1/2024

We are pleased to present a new digest collecting the latest news in digital law for January – March 2024. We believe that the document encompasses all the main news in this area.

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16 April 2024 The EU AI Act: the first major AI regulation is going live

In recent years, lots of news has centered on AI systems development. While the technological development has been impressive, a response from legislators has been anticipated in light of the risks that AI poses to the rights and freedoms of individuals.

On 13 March 2024, the AI Act passed through legislative procedures and was finally adopted.

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26 February 2024 Digital Law Digest 2023

We are pleased to present a digest encompassing the latest news and all the main changes in Digital Law in 2023. The digest is available in English and Russian.

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9 February 2024 The new Rules of the Abu Dhabi Chamber of Commerce: a milestone for arbitration in the region

Arbitration, as a method for resolving disputes, continues to evolve, adapting to the ever-changing landscape of international commerce. The recent introduction of the new Arbitration Rules by the Abu Dhabi Chamber of Commerce marks a significant step forward in enhancing the arbitration landscape in the region.

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8 February 2024 Life sciences & healthcare: review of the most important legislative developments

Since 2022, the healthcare industry in Russia has been affected by sweeping political and economic events. Some companies have left the market, others have changed the format of their presence, and others have seen new opportunities.

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7 February 2024 Transfer pricing in Russia: major changes in force from 2024

On 1 January 2024, sweeping changes to the Transfer Pricing regulation (the “Law”*) came into force, requiring Russian taxpayers to expand their Transfer Pricing (TP) compliance and reassess their risks associated with controlled transactions.

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12 January 2024 A new procedure for approving transactions to dispose of intellectual property is to be put in place

On 14 December 2023, a draft decree has been submitted for approval to the Russian Ministry of Justice (the “Decree”) that provides for amendments to the Presidential Decree No. 81 dated 1 March 2022 introducing a new procedure for approving transactions to dispose of or pledge exclusive rights of right holders from the so-called “unfriendly” countries.

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12 October 2023 The “exit fee” for “unfriendly” foreign investors has been raised to 15%

The Russian Ministry of Finance has published an extract* from Minutes No. 193/4 of the meeting of the Sub-Commission of the Government Commission on Control over Foreign Investments in the Russian Federation dated 26 September 2023.

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11 October 2023 Open Source compliance handbook

Our digital law team has prepared thought leadership material on regulation of software development and use of Open Source.

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6 October 2023 The UAE on its way to reshape the arbitration landscape

Recently, the UAE introduced Federal Law No. (15) of 2023 (The “Amendments”), which substantially revised the previous Federal Law No. (6) of 2018. The Amendments have been strategically crafted to enhance the arbitration processes in the country by addressing various aspects of the arbitration process.

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11 September 2023 The UAE to become the first country in the gulf to institute a gambling regulator

The United Arab Emirates has established the General Commercial Gambling Regulatory Authority (GCGRA), which will be led by eminent industry specialists with years of experience in the gambling sector.

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2 July 2023 The impact of UAE’s new corporate tax on business operations

The UAE has long been recognised as an attractive destination for businesses due to its tax-free environment. However, a significant development took place on 1 June 2023, with the introduction of the UAE’s new corporate tax. Below, we provide insights into the implications of this tax reform and how it influences the business landscape in the UAE.

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30 June 2023 EU’s 11th package of sanctions against Russia: a view from the United Arab Emirates

The fight against the intentional circumvention of the existing comprehensive range of restrictive measures is the primary objective of the 11th package of EU sanctions against Russia, which came into force on 24 June 2023. However, this package also encompasses additional expansions of pre-existing measures, some of which directly target Emirati companies.

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28 February 2024 SEAMLESS Legal celebrates the inauguration of its headquarters in Abu Dhabi (ADGM) SEAMLESS Legal proudly announces the inauguration of its headquarters in the heart of Abu Dhabi in ADGM. Supported by CCI France UAE, the celebration took place at the beautiful settings of Rosewood Hotel on 22 February 2024. Read more
9 February 2024 Vladislav Eltovskiy, Maria Kabanova and Dmitry Bogdanov – new counsels at SEAMLESS Legal

SEAMLESS Legal continues to strengthen its team and is pleased to announce promotions effective from 1 January

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