SEAMLESS Legal

Vsevolod Tyupa, Head of Healthcare and Life Sciences, spoke at the XV India-Russia Business Dialogue, a key event aimed at strengthening bilateral relations and promoting economic cooperation between the two countries.   Panel experts discussed innovations in healthcare & biotechnology and shared successful cases of production localisation in Russia and Russian medical business entry to the international markets.    In his presentation, Vsevolod spoke about the Code of Ethics for the use of artificial intelligence in healthcare as well as provided comparative information on the AI regulation in the EU and India.    The speakers of the round table included the reputable representatives of Sun Pharma, Mastech Pharm, Osteo-Sibear, IRE-Polus, Pharmexcil, Promomed, Skolkovo, Moscow Export Centre and Eurasian Federation of Oncology.

The UAE is set to implement a new tax on multinational companies operating in the Emirates. Large multinational enterprises (MNEs) must pay a minimum effective tax rate of 15 per cent on their profits. The Ministry of Finance on Monday announced that Domestic Minimum Top-up Tax (DMTT) will be effective for financial years starting on or after January 1, 2025 to establish a fair and transparent tax system aligned with global standards. Read more: https://lnkd.in/d8uQX4-Y #MNEs #DomesticTax #TaxSystem #MultinationalCompanies #UAE #Khaleejtimes

The world is experiencing a redirection of capital flows and the UAE is among the top destinations attracting capital. Abu Dhabi has been termed the ‘Capital of Capital’ as it was named the richest city in the world, thanks to its $1.7 trillion sovereign wealth funds.   According to “A New Era of Capital Flows in a Polycentric World” report, the UAE demonstrates the growing influence of domestic pull factors such as economic growth, trade openness, investor sentiment, political, exchange rate and financial stability that all act as additional incentives attracting global capital flows.   #AbuDhabi #seamlesslegalUAE

Abu Dhabi takes steps to support business, promote entrepreneurship and attract foreign investments. The process of establishing a new entity in the UAE capital becomes easier and faster.   #AbuDhabi #seamlesslegalUAE

On 21 November, Moscow hosted the 16th annual Urban 2024 Awards ceremony. This is the first year when the work of legal advisors has been assessed and we are proud of having our Real Estate and Construction team recognised by a distinguished panel of experts, earning second place among the top three finalists. Dmitry Bogdanov, Counsel, commented: “Over the past few years, we have been deeply involved in development projects within the residential property sector. It is a great honour for us to receive recognition from the leading players in the market.” The Urban Awards is a prestigious national accolade and one of the most respected honours in the Russian property market. This year, an independent panel of 70+ experienced and influential property professionals has convened to select the nominees and winners. #seamlesslegal #awards

Why is the car market in Russia worthy of a closer look for Asian carmakers? Today, they may find new potential for localisation, possibly even unlocking new market opportunities for themselves in the Russian automotive sector. Localisation is undoubtedly key to gaining a competitive edge in the auto sector over other foreign competitors lacking a local presence in Russia. By localising production, a business secures long-term access to the market. Over time, it may even consider expanding into neighbouring sales markets within the Eurasian Economic Union. SEAMLESS Legal experts have prepared a comprehensive overview of the current state of things in Russian automotive market and prepared recommendations for Asian investors, considering this opportunity. The publication is also available in:  🇯🇵 Japanese — https://lnkd.in/gYXpnVvh 🇰🇷 Korean — https://lnkd.in/gGr4q2y4 🇨🇳 Chinese — https://lnkd.in/gcZ-Htks Please contact Georgy Daneliya and Dmitry Bogdanov for additional information.

Cross-border data handling can unlock new opportunities for UAE businesses. It also requires a disciplined approach to comply with the stringent regulations. By understanding and respecting UAE data protection laws, companies can confidently explore global data solutions while safeguarding the privacy and security of their customers' data.   Zijad Hanić, Counsel at SEAMLESS Legal UAE, explores the essentials of data regulations from a UAE perspective and suggests practical steps for local companies handling cross-border data.   Read more: https://lnkd.in/eSnRWpjj   #seamlesslegal #dataprotection #seamlesslegalUAE

Binance Blockchain Week 2024 was held in Dubai, one of the largest Web3 centres and a blockchain hub in the world. The event buzzing with innovation and future-forward discussions brought together traders, builders, founders, institutional investors, regulators, global officials and innovators to explore and shape the future of blockchain and Web3 technology.   As the industry expands, it generates many questions. One of them is how to adapt laws and regulations to the welcome evolution.   Zijad Hanić, Counsel at SEAMLESS Legal UAE, has joined the event and shares some takeaways and insights from industry experts on the current state of the blockchain ecosystem and cryptocurrency infrastructure in the UAE. He provides an overview of the legal landscape and the supportive role of the most influential; regulatory bodies such as FSRA, DFSA, VARA, and SCA in Dubai and Abu Dhabi. Read more: https://lnkd.in/ecf8DwUj #seamlesslegal #binanceblockchainweek

SEAMLESS Legal Counsels, Georgy Daneliya and Dmitry Bogdanov, will participate in the panel discussion titled “Drivers of Russia’s Foreign Trade with China: New Opportunities and Barriers”, organised by Kommersant business newspaper.   Russian-Chinese trade and economic relations are undergoing a period of dynamic development, facing new challenges while opening up new opportunities. This session will bring together leading experts and business representatives from both Russia and China to discuss key issues of mutually beneficial cooperation between the two countries.   Participants will explore topics such as: — What are the current dynamics of trade turnover between Russia and China? — Which factors are limiting trade growth, including restrictive measures, payment issues, logistics, and customs regulations? — What transport and logistics solutions could help expand trade flows with Russia? — And many other topics. If you are planning a trip to Kazan to attend the forum, please contact us to arrange a meeting.   More information and registration: https://lnkd.in/eMyF5NEP #RussiaChina #seamlesslegal

New technologies are developing rapidly—AI, digital financial assets, mining, cryptocurrency, and more. The legal frameworks governing IP and digital developments are continually evolving.   Our IP and Digital Law team, Alisa Mikheeva, Shermet Kurbanov, and Elizaveta Isaeva, have prepared the latest Digital Law Digest, highlighting key news for Q3 2024 in Russia and beyond.   In this Digest, you’ll find: - New regulations on the processing of anonymised data. - Updates on Russian and international AI regulations, including the UN Global Digital Compact and the Council of Europe’s First International Treaty on the Use of AI. - New restrictions and clarifications in the field of advertising. - Legislation legalizing digital currency mining while introducing a ban on its advertising. - Clarifications from the FAS and the Bank of Russia on compliance considerations in financial services advertising. - New legal standards concerning “orphan” works.   Additionally, the Digest covers new regulations requiring bloggers with more than 10,000 followers to register and prohibiting so-called “trash” content. Digest is available in: English — https://lnkd.in/eJ5ztd99 Russian — https://lnkd.in/ecDXf-cz #digitallaw #seamlesslegal #itlaw