From 2 March 2022, Russia introduced special rules for real estate transactions with foreign legal entities and individuals associated with foreign states that adopted measures targeting Russian legal entities and individuals (“Foreign States”): Russian residents may carry out transactions resulting in the change of ownership of real estate assets with (a) the counterparties from the Foreign States and (b) with persons, including Russian and non-Russian legal entities, controlled by such counterparties, only upon obtaining a…
On 25 February 2022, Dmitry Medvedev, the ex-President of Russia and now the Deputy Chairman of the Russia’s Security Council, announced that in response to Western sanctions Russia may start seizing funds of foreign companies and individuals and nationalize assets of Western companies. These measures may be introduced against nationals and companies of any foreign state which starts confiscating and seizing money and other property of Russians located on its territory. Over the last three…
Consistent with the Australian Foreign Minister’s announcement on 22 February 2022, the Prime Minister on 23 February 2022 announced that Australia is working on imposing additional sanctions measures on Russia that are aligned with those that the US and UK have announced. Key aspects highlighted by the Prime Minister for the new measures are: expansion of the individuals and entities subject to designated party sanctions (and travel bans);sanctions on the Russian State Development Bank, VEB,…
This 30-minute webinar hosted by our cyber experts Paul Glass in London and Cyrus Vance in New York, will discuss the cyber-related risks to businesses from this ever evolving situation related to Russia-Ukraine, and how they can prepare today to mitigate risks including: Grey zone and hybrid cyber activity, and how it can affect companiesPractical considerations and steps that companies can take now to prepare in the context of the changing threat landscapePublic / private…