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On December 18, 2019, the US Securities and Exchange Commission (“SEC”) issued a proposal to amend the definition of “accredited investors” under Rule 506 of Regulation D of the Securities Act 1933 (“Securities Act”) and the definition of “qualified institutional buyers” under Rule 144A of the Securities Act. "
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On October 23, 2018, the Arbitrazh Court of the West Siberian District dismissed the cassation appeal of Melnik JSC, confirming the position of the Court of Appeal. We remind you that on July 24, 2018, the Seventh Arbitrazh Court of Appeal adopted a very significant decision, which changed the court practice regarding the qualification of income in the buyback of shares from the sole shareholder of an offshore company.
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On December 25, 2018, the Plenum of the Supreme Court of the Russian Federation (SC) adopted Resolution No. 49 "On some issues of applying the general provisions of the Civil Code of the Russian Federation on the conclusion and interpretation of an agreement."
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