Insights | Denuo

Court rules in favour of importer on the inclusion of royalties in the customs value of imported goods

In late 2022, the Supreme Court of the Russian Federation set aside two court rulings in favour of importers regarding the inclusion of licence fees (royalties) in the customs value of imported goods.
In the course of the retrial of the cases, the lower courts ruled in favour of the customs authority and upheld the decisions that royalties shall be included in the customs value. Such approach has become commonly applied to other cases. However, despite the negative practice for importers, in a number of cases participants of foreign economic activity have been able to defend the position that royalties should not be included in the customs value of imported goods. Read further in our legal update.

Venture Capital Financing. Forming a board of directors

In the venture capital industry, there is a popular saying that the main things to worry about in venture capital deals are money and control. Whereas money implies issues concerning the valuation of a company and the amount of investment, the issue of control is mainly resolved through the appropriate formation of a board of directors. In this issue, we discuss the principles underlying the negotiation of the best model of the board of directors in technology companies.

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Best practice expert insights on planning and structuring hotel and branded residential projects in Georgia and beyond

Investing in Uzbekistan

Our team authored a guide on investing in Uzbekistan which includes guidance with regard to corporate, finance, tax and real estate matters. Follow this link to access your copy.

Denuo ranked among 2023 top ten M&A advisors in CEE by Mergermarket

Denuo is at ninth place by M&A deal count in Central and Eastern Europe according to the Mergermarket Global and Regional M&A Legal Advisory Rankings for the full year of 2023. Denuo remains the only law firm with Russian presence ranked in the report.

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Matrimonial and family aspects in M&A transactions

Resolution of the Plenum of Russia's Supreme Court on unauthorised construction

In December 2023, the Plenum of the Supreme Court of the Russian Federation adopted a Resolution containing extensive clarifications regarding unauthorised construction. In our legal update, we have highlighted what we consider to be the most useful and interesting provisions of the Resolution.

Venture capital financing: Investor's right to take part in subsequent rounds (pro rata right)

In this issue we will talk about the purposes of granting an investor a right to take part in subsequent rounds (pro rata right) and about its importance to the company raising financing and its founders.

Draft law on reforming the procedure for acquiring large shareholdings in PJSCs submitted to the State Duma

On 25 December 2023, a draft Law was brought in the State Duma of the Russian Federation aimed at improving the regulation of the procedure for acquiring large shareholdings in PJSCs. The authors of the draft law believe that the abovementioned changes will help boost investor confidence in the Russian financial market. Read further in our legal update.

Prohibitions and restrictions on export of certain categories of goods from Russia extended

On 27 December 2023, the Government of the Russian Federation published a resolution introducing a number of amendments to the previous resolutions of the Government concerning the restrictive measures on the export of certain categories of goods and equipment from the Russian Federation. Read further in our legal update.