Insights & News

Over the past few years, there has been a clear trend of Russia strengthening and expanding its countersanctions restrictions in response to sanctions of the regulatory authorities of the US, EU, UK and certain other jurisdictions.

We would like to draw your attention to the development of a legislative act that will regulate confiscation of foreign property in Russia.

Previously ALRUD reported that an increase of the “exit tax” up to 40%...

ALRUD has received information from various sources indicating that this increase is under consideration. Reports suggest that the exit tax could rise to as much as 40% of the valuation of the...

Dear Ladies and Gentlemen, Please be informed that, today, as of May 23, 2024, by Decree No. 442 (“Decree No. 442”) the Russian President instructed the Russian Government

As we have learned from publicly available acts and news, sanctions imposed in the EU, UK and certain other jurisdictions include, inter alia, restrictions on providing business and management...

Dear Ladies and Gentlemen, ...

Dear Ladies and Gentlemen, In 2020, Articles 248.1 and 248.2 of the Russian Arbitrazh (State Commercial) Procedure Code (“APC RF”) took effect to provide additional judicial protection for Russians due to foreign sanctions (restrictive measures). We have addressed these new statutes, their initial application by Russian courts, as well as the precedent-setting Russian Supreme Court ruling in the Uraltransmash v. PESA case in our previous newsletters.