Insights | Denuo

02 / 0310:30 msk

Foreign investors’ exit from Russian assets. 2022‑23 outcomes

Denuo advises Milestone Capital on acquisition of a majority stake in Kodix Auto

Denuo has advised Milestone Capital, a Russia-based search fund, on the acquisition of a majority stake in Kodix Auto, a Russian IT company that offers innovative digital products and solutions servicing to enhance car sales by leading automotive brands and their dealers.

16 / 0210:30 msk

Current trends in court practice concerning pre-contractual liability in M&A transactions

Overview of court practice on unauthorised construction in Russia

On 16 November 2022, the Supreme Court of the Russian Federation issued an overview of court practice on unauthorised construction.

The Russian Supreme Court sets aside court decisions in favour of importers

Denuo tops 2022 Pravo‑300 rating

Denuo received 28 firm ratings in the 2022 Pravo-300 guide. The ratings are based on extensive research by Pravo.ru, Russia’s major legal media which carries out an annual survey of the local legal market.

Non-repatriation of funds and set-off of counter-claims with non-residents

In our legal update we provide an overview of the current rules regarding the non-repatriation of funds under transactions with non-residents in view of Official Clarification of the Central Bank of the Russian Federation No. 11-OR issued on 23 November 2022.

Denuo advises Kismet Capital Group on obtaining regulatory approvals for acquisition of Avito

Denuo has advised Kismet Capital Group, a Russian investment firm, on obtaining regulatory approvals for the RUB151 billion (approximately USD2.3 billion) acquisition of Avito, a Russian classified advertisements website, from Naspers, a South African technology group.

Denuo strengthens its Corporate offering

Denuo announces that Maxim Pogrebnoy has joined the firm as a legal director in its Corporate practice group based in Moscow.

Restrictions on transactions performed with entities of unfriendly” states

On 8 September 2022, Decree. No. 618 of the President of the Russian Federation “On the special procedure for carrying out (performing) certain types of transactions (operations) between certain entities”
was signed and entered into force.