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24 September 2019

Imagine a world where no country but the U.S.A. uses the USD? Each country or group of countries will start using own currency for domestic and international trade, currency based on the economic capacity and not on governmental decrees. It might be traditional money or their own new sovereign cryptocurrencies, controlled by the state. This will no longer be either the U.S. dollar, or its adoptive child, the euro. There will no longer be international transactions controlled by the U.S. banks via the SWIFT, an international system of transfers tied up on the USD. This system allows and facilitates for the United States to implement financial and economic sanctions of all kinds: confiscate foreign funds, suspend trade between countries, blackmail 'disobedient' states, forcing them to submission.

12 September 2019

The idea of creating a "Russian offshore zone" is traditionally met by sceptical voices: the dominant opinion in the Russian media is that nothing would ever make Russian businesses abandon the Channel islands with their added value of the British jurisdiction, British legal system and the ownership rights "guaranteed by the British crown". Why move to Russia, which is considered by some to be a country of an extremely cold, one might say, Arctic-cold, investment climate and a strict regulatory system?

27 August 2019

The Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters adopted earlier on June 2, 2019 may have serious consequences for businesses in Russia. In particular, from now on, should the court decide to recover assets in Russia, this decision will be implemented anywhere on the Russian territory.

21 August 2019

The retail group Krasnoe & Beloe ("Red and White"), known in Russia as a vendor of wines, transferred its main legal entity to a foreign jurisdiction. The company will remain a tax resident of Russia, but will be able to claim a reduced tax rate.

15 August 2019

In the beginning of May 2019, the UK government announced that a public debate on the draft of New Companies House Act would be launched on May 5. According to the British media, the main goal of the Register reform is to establish in the country a "strong, transparent and attractive business environment".

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