Lessons that May be Learned from Failed Transactions and a Proposal for Owners of Aircraft and Yachts on the OFAC SDN List

by Marks & Sokolov, LLC | Nov 13, 2024 | M&S Updates, Publications

While it is possible to buy a grounded Russian owned aircraft if the owner and the aircraft are not on the OFAC SDN List (the U.S. Office of Foreign Asset Control Specifically Designated National list), “All the easy transactions are done. All that remain now are the...

Banks and Insurance Companies Will Identify Foreign Clients

by Marks & Sokolov, LLC | Feb 17, 2016 | Blog, Publications

New reporting requirements to organizations involved in providing banking, financing and insurance service have been implemented. The requirement concerns monetary and other transactions involving property. The organizations are required to collect information on...

How to dismiss head of representative office of a foreign company in Russia

by Marks & Sokolov, LLC | Apr 7, 2015 | Blog, Publications

Marks & Sokolov attorneys obtained a civil judgment unveiling the grey area of Russian labor law in dispute between foreign company and the head of its Russian representative office What the case involved: a foreign company having its representative office in...

Overview of Amendments to the Tax Code of the Russian Federation

by Marks & Sokolov, LLC | Mar 10, 2015 | Blog, Publications

On January 1, 2015 the law of the Russian Federation, No. 376-FZ of November 24, 2015 “On introduction of amendments into Parts One and Two of the Tax Code of the Russian Federation” (hereinafter, the “Law”) came into force. The Law is designed to prevent the abuse of...

Key Amendments of the Russian Civil Code Provisions on Legal Entities

by Marks & Sokolov, LLC | Jan 20, 2015 | Blog, Publications

On September 1, 2014 significant amendments to the Russian Civil Code’s provisions for the creation, operation, reorganization and liquidation of legal entities came into force. Key amendments are briefly described below. Forms and Systems of Legal Entities All legal...

Business In Russia In Times of Crisis: Do You Know With Whom You Do Business? – Executive Orders 13660, 13661 and 13662 and Revocation of Export Licenses

by Marks & Sokolov, LLC | Dec 1, 2014 | Blog, M&S Updates, Publications

Business In Russia In Times of Crisis: Do You Know With Whom You Do Business? – Executive Orders 13660, 13661 and 13662 and Revocation of Export Licenses The President of the United States has issued a series of executive orders imposing sanctions on Russian...