On 04/03/2022 amendments to sub-clause 9 of clause 3 of art. 149 of the Tax Code of the Russian Federation were published. According to these modifications, operations of sale of gold ingots by banks to individuals (physical persons) are relieved of the value added tax. Decision taken by the state is based on research and analytical materials, prepared by tax and financial law experts, including the professionals of "Linnikov & Partners".

The "Linnikov and Partners" team cordially congratulates all ladies on the International Women's Day!

On Friday, 4 March, 2022 from 16:00 to 17:30 Italian time (18:00 — 19:30 Moscow time) leader of the “Grimaldi Alliance” Francesco Sciaudone and founder of “Linnikov & Partners” Alexander Linnikov will moderate a down-to-the-earth discussion among top-managers of international companies, prominent legal professionals and academics on ways to overcome consequences of economic sanctions, keep doing business and maintain obligations to partners and employees in politically challenging and potentially unsafe environment.

On 27/92/2022 Alexander Linnikov took part in the emergency seminar of the European Institute for Export Compliance (EIFEC) on new economic sanctions imposed on the Russian Federation by the USA and the EU. The discussion moderated by the EIFEC president Carlo Giacoma attracted top-managers of over 50 major multinational corporations and banks connected to Russia by many years of productive business relationships. The core part of the seminar was dedicated to the discussion of specific solutions that would allow to protect sustainable economic ties and assure performance of international obligations and due processing of payments.

On 25/02/2022 the “Linnikov & Partners” corporate and administrative law practice team led by Sergei Sadovoy successfully completed the project of obtainment of an investment funds’ management license of the Bank of Russia by an L&P client. The work on the project took over 9 month and required full mobilisation of extensive experience and in-depth expertise of the “L&P” team in the field of financial and banking law.