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Legal Alert – Russian Counter-Measures
Recently the Russian competent authorities have adopted new counter measures. In particular, such measures concern trade regulation, conduct of business, as well as the activities of the Government Commission and others. To find out more, download the Newsletter or click here. For more information on sanctions and Russian counter measures, please refer to our previous “Legal Alerts“.
Desk Russia, Central Asia and Caucasus
Sanctions Against Russia. Recent Developments
On 23 February 2024 European Union and the United States introduced a new round of sanctions targeting Russia. The 13th package of European sanctions provides for new individual sanctions, sectoral sanctions, export restrictions. Additionally, EU added the United Kingdom to the list of partner countries for the iron and steel import restrictions. American sanctions include […]
Desk Russia, Central Asia and Caucasus
Newsflash – Corporate – Venture Capital – French government announcements to support Innovative Startup Companies (JEI)
For the occasion of the French Tech’s 10th anniversary, new measures stemming from the report of Parliament Member Paul Midy (for which Jeantet had been consulted) have been announced. These measures, which aim at supporting the French startup ecosystem, should be included in the next Finance Act for 2024. ► Doubling of companies eligible to […]
| CORPORATE – M&A – PRIVATE EQUITY
Russian Counter Measures. Recent Developments
On 23 August, the Russian Ministry of Finance partially lifted a ban for the payment of dividends to foreign shareholders in case such shareholders have invested in the Russian economy. On 8 August, the Russian President suspended certain provisions of double tax treaties. Suspended provisions include tax regime for dividends, real estate, business profit, etc […]
Desk Russia, Central Asia and Caucasus
Sanctions Against Russia. Recent Developments
On 23 June 2023, the EU introduced 11th package of sanctions. It primarily focuses on measures that would prevent circumvention of sanctions. It also includes new import and export restrictions and individual designations. Switzerland has joined European Union in sanctions targeting entities and individuals and may join other sanctions within the 11th package in August. […]
Desk Russia, Central Asia and Caucasus
Newsletter – Tax law
Read the Jeantet Newsletter dedicated to Tax Law, covering issues related to : Transactional taxation Group taxation International Taxation Taxation of LBO transactions Non-profit organizations For more information, please download the Newsletter.
Paris | TAX
Russian Counter Measures
On 25 April 2023 Russian President issued a decree establishing cases authorizing him to introduce the regime of external management of certain assets owned by foreign residents. Namely, under the decree, the President may establish the regime of external management, if Russia, or its entities and individuals become deprived or risk of being deprived of […]
Desk Russia, Central Asia and Caucasus
Russian counter measures and measures aimed at business support. Recent developments
Special regime for transactions involving securities On 3 March 2023 Russian President issued Decree No. 138 establishing additional measures involving securities. Namely, the new Decree establishes a specific procedure for transactions / operations involving: shares of Russian joint-stock companies, sovereign bonds, bonds of a Russian issuer, held in collective safe custody of a Russian depository, […]
Desk Russia, Central Asia and Caucasus
Sanctions against Russia. Recent developments (2 march 2023 update)
By the end of February, the EU, US and UK announced new rounds of sanctions, all of them including restrictions targeting prominent Russian financial institutions The EU package includes individual listings of Russian entities and individuals and additional exports restrictions. The US sanctions provide for sectoral sanctions targeting Russian mining and metals sector, as well […]
Desk Russia, Central Asia and Caucasus
Russian counter measures. Recent developments ( 12 january 2023 update)
Governmental Commission on Foreign Investments revised rules on the sale of assets and the payment of dividends On 30 December 2022, Russian Governmental Subcommission of the Commission of the Ministry of Finance on Foreign Investments (the – Commission) published revised rules and criteria for authorization of the sale of assets in Russian companies involving persons […]
Desk Russia, Central Asia and Caucasus
Sanctions against Russia. Recent Developments (21 December 2022 update)
This December, the EU introduced a series of restrictive measures targeting Russia. Council of the EU approved the ninth package of sanctions. Additionally, the European Commission proposed framework that would amend the Lisbon Treaty and harmonize criminalization of violation of sanctions at the level of the Union. Finally, the EU introduced a price cap for […]
Desk Russia, Central Asia and Caucasus
Russian counter measures. Recent developments (21 December 2022 update)
Russia has adopted a series of new measures. Namely, the President introduced new restrictions concerning certain transactions involving credit organizations and joint-stock companies that are not credit organizations. The Russian Central Bank issued decision expanding the scope of application of type C accounts. Moreover, the Ministry of Finance issued clarifications on the scope of transactions […]
Desk Russia, Central Asia and Caucasus