News

Major Russian companies (Gazprom, Lukoil, Novatek etc.) terminated their agreements with the foreign depositaries. Depositary receipts (DRs) can be converted into ordinary shares, but the procedure remains extremely complicated due to various international restrictive measures. To facilitate the conversion, the Russian legislators proposed new mechanisms.

PJSC Gazprom declared that its deposit agreement with the Bank of New York Mellon is terminated. Some mass media announced that it means that the investments of foreign holders of the depositary receipts thus have vanished.

The Legal Committee of the German-Russian Chamber of Commerce (AHK Russland) held its traditional legal seminar "Legal Update".

Mosgo & Partners law firm again took high positions in the most reputable & authoritative Pravo-300 ranking of law firms of the year 2021 in “International commercial transactions / Customs and foreign currency regulation”, “International litigation and arbitration” and “Land Law / Commercial Real Estate / Construction”.

On 19 May 2021, the Russian Ministry of Justice granted the International Court of Arbitration of the International Chamber of Commerce (ICC) and the Singapore International Arbitration Centre (SIAC) a status of the Permanent Arbitration Institution (PAI), which means that ICC and SIAC can administer a wide range of the arbitrations seated in Russia.

Mosgo & Partners is among the winners of the most reputable & authoritative Pravo-300 ranking of the year 2020 in "International commercial transactions / Customs and foreign currency regulation". For the second consecutive year our law firm is included into the first – and the most prestigious – band.

Mosgo and Partners lawyers successfully defended the interests of a large French insurance company in the Russian court in a multi-million dispute.

On 25 March 2020, the Russian President proposed to renegotiate some of the Double Taxation Treaties (DTT) between the Russian Federation and several countries to introduce the 15% tax rate for dividend and interest incomes, while the majority of DTTs allowed the application of 0% – 10% tax rate under certain conditions.

Anton Shamatonov made a report at the online seminar “Forced liquidation of legal entities” of the Association of graduates of the Russian School of Private Law on 19 March 2020.

The Supreme Court of the Russian Federation (SCRF) issued a Review of the court practice dated 25.12.2019 (Review), in which it de facto set out new rules on affirmation (execution) of the shareholders’ decisions in the limited liability companies (LLC, or “OOO”, in Russian). It also covers the cases when there is a sole shareholder in an LLC.