Insights | Denuo

What has changed in the practice of including licence payments (royalties) in the customs value of imported goods

Case law has undergone significant changes since the end of 2022 when the Supreme Court of the Russian Federation issued rulings on disputes between Bershka CIS LLC, Pull & Bear CIS, LLC and the customs authorities over the inclusion of intragroup licence payments in the customs value of imported goods.

EU Council finalises the proposal for a directive criminalising the violation of EU sanctions

On 9 June 2023, the Council of the European Union announced that it had finalised the text of the Directive on the definition of criminal offences for the violation of EU restrictive measures (sanctions). Once adopted, the Directive will become an important tool for enforcing EU sanctions.

EU expands criteria for listing Russian businesspersons and their close associates

On 5 June 2023, the Council of the European Union amended the criteria for imposing blocking sanctions on Russian persons. The Amendment applies to businesspersons operating in Russia and their associates.

Denuo advises Smart Service on acquisition of KFC business in Russia

Denuo has advised Smart Service, a Russian operator led by Konstantin Kotov and Andrey Oskolkov, on the acquisition of KFC’s business in Russia from Yum! Brands, a US fast food corporation. Mr Kotov and Mr Oskolkov already own Food Service, a Russian operator of more than 40 KFC franchise restaurants.

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Impact of sanctions on dispute resolution

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Approaches to determining the purchase price for shares in the charter capital of business entities in option agreements

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Early termination of lease relations: grounds, legal documentation, consequences

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Current trends in court practice regarding the interpretation of the rules related to warranties

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Debt capital markets: replacement bonds

EU imposes sanctions in anticipation of “eleventh package” taking into account the new restrictive measures regime concerning Moldova

On 30 May 2023, the Council of the European Union updated its list of persons subject to blocking sanctions.