The article deals with the evolution of the damages calculation methods in the investor-state disputes over the past 50 years, in both the doctrine and arbitration practice.
On February 24, 2021, the President of the Russian Federation signed a law providing for the possibility of holding general meetings of JSC or LLC, including annual meetings, by absentee voting.
On February 24, 2021 the President of the Russian Federation has signed a law increasing liability for violations in the field of personal data. The changes will take effect on March 27, 2021. Special attention to these changes should be paid by operators who process large volumes of personal data.
The Austrian Yearbook on International Arbitration 2021 is a collection of articles and essays on current issues and hot topics in commercial and investment arbitration by leading practitioners and academics. Among the authors are EPAM Managing Partner Ilya Nikiforov and Partners Ilona Zekely and Evgeny Raschevsky.
On December 30, 2020, a law was adopted establishing new rules for the disclosure of personal data to an indefinite circle of persons and processing personal data from open sources. The changes will take effect on March 1, 2021. The new rules apply to all operators of personal data and affect both the distribution of data online and offline.
Daria Sergeeva, Senior Associate at Intellectual Property / TMT Practice, speaks about Intellectual Property ownership due diligence as an important part of M&A transactions in Russia.
Alexey Karchiomov, Counsel of International Trade & Customs Practice, discusses the most important issues for companies supplying to Russia.
Elena Agaeva, Head of M&A and Corporate Practice in St. Petersburg office, gives a few significant tips on closing an entity in Russia.
In March 2018, the Russian President instructed the government and the Bank of Russia to develop an action plan to accelerate growth of investments and their share in gross domestic product. Shortly afterwards, the Russian Ministry of Finance developed a draft law ‘On Protection and Promotion of Investment in Russia’, which was announced in October 2018. It was assumed that the adoption of this law would improve the investment climate and give impetus to the development of the country's economy.
Alexey Karchiomov, Head of Maritime Shipping / Transport Law Practice, speaks about the options for registering a vessel in Russia.
Partner, Head of Competition Law Practice Natalia Korosteleva, Partner Anna Numerova, and Counsels Denis Gavrilov and Maria Kobanenko became the authors of Russia chapter for Merger Remedies Guide - Third Edition by Global Competition Review (GCR).
In August 2020, the third edition of the book which details the legal views of the FAS Russia collective bodies was released. The book is a joint effort of the Antimonopoly Service and the Competition Experts Association with contributions from the HSE Institute for the Study of Competition Policy and Market Regulation experts. Alexey Rodionov, Counsel in the Competition Law Practice of Egorov Puginsky Afanasiev & Partners, co-authored the book as a member of the Competition Experts Association task force.
Roskomnadzor Proposes Stronger Protection of Personal Data. Such Mechanisms Already Partly Exist, Lawyers Say.
On July 31, 2020, the Federal Law dd. July 31, 2020 No. 259-FZ "On Digital Financial Assets, Digital Currency and on Amendments to Certain Legislative Acts of the Russian Federation" (hereinafter - the Law) was published on the official web portal of legal information http://www.pravo.gov.ru. The Law regulates relations arising from the turnover of digital currency in the Russian Federation, as well as relations arising from issuance, accounting and circulation of digital financial assets, certain aspects of activities of information system operators and operators of exchange of digital financial assets. The Law comes into force on January 1, 2021, except for certain provisions.
On June 25, 2020, pharma giant Novartis AG and two of its subsidiaries agreed to pay the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) $346.7 million in penalties and disgorgement to resolve FCPA offenses in Greece, Vietnam and South Korea. This settlement highlights that, irrespective of economic downturns various countries are experiencing or a pandemic gripping the world, the FCPA will continue to be enforced by the relevant authorities.
