Russian assets confiscated in the United States will be compensated for by American assets located in Russia

Learn more

Garant – Free Online Demo

Legal information system for your company.
Simply click on the button «Start working» and the system Legislation of Russia in English will be available for unlimited time.

News

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.

Archive

Contact Us

Leave us a message