Russian LLCs can hold AGMs by absentee voting

On 31 July 2020, the Russian government  amended the Federal Law 115-FZ (by way of Federal Law No. 297 of 31 July 2020). These amendments provide more flexibility to Russian LLCs in the light of the current Covid-19 pandemic.

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Mongolia introduces UBO requirement

In accordance with the General Tax Law amendment, all types of legal entities incorporated under the law of Mongolia are obliged to report Ultimate Beneficial Owner (UBO) details by 1 January 2021.

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