Assignment from a "unfriendly" entity to a "friendly" one
We previously wrote about a case in which the court unexpectedly ruled that an assignment from a non-friendly entity (the Kharkiv plant KhZPTO) to a friendly one (India) could be deemed invalid, as it causes harm to the Russian debtor (MMK), which, according to the courts, is unable to utilize a set-off under the provisions of Article 412 of the Civil Code of the Russian Federation.
A subsidiary (does not) bear the debts of a foreign parent company
Recently, a judicial practice has developed in which Russian plaintiffs, filing claims against foreign companies from unfriendly jurisdictions, involve their subsidiaries as joint defendants.
Special regulation: Transactions with foreigners. Update 2024
Traditional update of our special regulation memo.
Conversion of Depository Receipts (DRs) into Russian shares
Our clients often ask us questions about the conversion of DRs. We have also collected frequently asked questions and provide our answers.
Business name, trade name and trademark: what is the difference?
A new webinar in the "IP Case of the Month" series, where we examined the key differences between a business name, trade name and trademark.
MAGENTA Legal has completed the forced conversion of TCS Group Holding depositary receipts
MAGENTA Legal has completed the forced conversion of TCS Group Holding depositary receipts: a detailed overview of the procedure, documentation, and new opportunities for investors
"Leveling" of increased customs duties, difficulties with payment agents, and other foreign economic activity issues
A conference for specialists in the field of customs law and foreign economic activity was held in Moscow, organized by the publication "PRAVO.ru." Representatives from law firms, including MAGENTA Legal, as well as businesses that regularly face various difficulties in the area of foreign economic activity participated in the event.
News to all SBER shareholders
Exciting news for all Sber shareholders who have successfully converted their depositary receipts into shares. The Bank has announced unprecedented dividend payments for 2024.
Non-Disclosure Agreement (NDA) in Russia: A Formality or a Really Working Mechanism?
A non-disclosure agreement (NDA) is a key tool for protecting confidential information. However, the question arises as to how effective an NDA is in the Russian legal system. During the webinar, MAGENTA Legal lawyers will answer these and other topical questions related to confidentiality agreements.
MAGENTA Legal becomes a member of the international association “Anti-Counterfeiting”
MAGENTA Legal has joined the international association “Anti-Counterfeiting”. This association brings together experts in intellectual property protection and the prevention of the illegal movement of goods.
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