A special recording procedure for certain securities will be in effect until the end of 2025
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31.05.2024
A LICENSING PROCEDURE IS PROVIDED FOR THE ACQUISITION OF EXCLUSIVE RIGHTS TO THE RESULTS OF INTELLECTUAL ACTIVITY FROM PERSONS OF UNFRIENDLY COUNTRIES
The President established a temporary procedure for residents to acquire exclusive rights to the results of intellectual activity or means of individualization from persons of unfriendly countries.
To carry out such transactions, a permit from the Government Commission for Control of Foreign Investments in the Russian Federation will be required. Remuneration and other payments under the transaction will be transferred to a special O-type rouble account in an authorised bank, which is opened by the acquirer in the name of the rightholder or foreign creditor. The established procedure does not apply to the acquisition of rights to works of science, literature or art, results of performing activities, phonograms, messages from broadcasting or cable broadcasting organisations, as well as transactions worth no more than 15 million roubles.
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