Russia's KIAP and Architecture of Law tax boutique have announced a merger that will result in Architecture of Law becoming part of KIAP’s professional team.
Although January was “a little bit quiet in the market” in Russia, February was more promising, according to Eric Michailov, Partner at White & Case Moscow, who reports seeing more deals and new investors coming into the country. “I am particularly optimistic — even more so than I would have been six or twelve months ago,” he says. “Business is good. Not great — it is not a full easy go — but pretty good.”
The Russian tax landscape is going through a period of transformation. The average value of assessments as a result of tax audits is increasing and taxpayers are losing more disputes. Various changes to the tax laws have acted as a contributing factor. The introduction of the anti-abuse concept of “beneficial ownership” in domestic legislation, the development of tax residency and CFC rules, and the enactment of new thin capitalization rules are just a few of the recent changes that are already having an impact on taxpayers in Russia.
Sulija Partners Law Firm Vilnius has advised a subsidiary of aircraft leasing company AviaAM Leasing on the sale of an Airbus A321-211 aircraft from its fleet with an operating lease contract with Yamal Airlines to a subsidiary of GTLK Europe. GTLK Europe Ltd. was advised by DLA Piper’s London and Moscow offices.