Federal Arbitrazh Court of Moscow District Reverses Unfavorable Lower Courts’ Rulings Disallowing the Deduction of Interest Due to Thin Capitalization Rule

27 July 2010
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The client update describes the positive development of a high-profile Russian tax litigation that ended in reversal of the unfavorable position of lower courts on applicability of thin capitalization rule to loans granted to Russian corporate borrowers by foreign sister lenders.