LEGAL UPDATES
Type
Show results
25 February 2021

It Remains Possible to Hold General Meetings of JSCs and LLCs in the Form of Absentee Voting in 2021

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.

25 February 2021

Penalties for Violations in the Field of Personal Data Processing Significantly Increased

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.

21 January 2021

Russia: new rules for personal data processing

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.

14 January 2021

Video alert: IP issues in M&A deals

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.

30 November 2020

Video Alert: Legal Tips for Companies Supplying to Russia

Alexey Karchiomov, Counsel of International Trade & Customs Practice, discusses the most important issues for companies supplying to Russia.

26 November 2020

Video alert: Winding down subsidiary: few tips on closing entity in 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.

24 November 2020

Video alert: Options of registering foreign vessels under Russian flag

Alexey Karchiomov, Head of Maritime Shipping / Transport Law Practice, speaks about the options for registering a vessel in Russia.

4 August 2020

The Law "On Digital Financial Assets"

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.

2 July 2020

Challenges of FCPA Compliance During Covid-19

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.

19 June 2020

New procedure for foreign disputes involving persons under anti-Russia sanctions

On 08 June 2020, the President of the Russian Federation signed the Federal law “On amendments to the Arbitrazh Procedure Code of the Russian Federation in order to protect the rights of individuals and legal entities in connection with restrictive measures imposed by a foreign state, state association and (or) union and (or) state (interstate) institution of a foreign state or state association and (or) union” (hereinafter – the Law). The Law comes into effect on 19 June 2020.

7 April 2020

Bankruptcy Moratorium: It’s Been Launched Now

On April 6, 2020, the Russian Government introduced a moratorium on bankruptcy of debtors, companies and sole traders, who are most hit by the coronavirus pandemic: lenders shall be prohibited from filing bankruptcy claims against such debtor.

31 March 2020

Bankruptcy moratorium

Against the backdrop of COVID-19 pandemic, Federal Law No. 127-FZ “On Insolvency (Bankruptcy)” dated 26 October 2002 was amended to include rules governing the introduction of a moratorium on bankruptcy proceedings in respect of certain categories of enterprises and (or) specific companies. On 31 March 2020 both the State Duma and the Federation Council passed such amendments; they are expected to be shortly signed by the President of the Russian Federation.

27 March 2020

Labour Law: Non Working Days

On March 26, 2020, the Ministry of Labour published recommendations to workers and employers in connection with the Decree of the President of the Russian Federation dated March 25, 2020 No. 206 "On the Announcement of Non-Working Days in the Russian Federation."

23 March 2020

Arbitration against COVID-19

The spread of coronavirus infection has led to a number of measures taken by states, aimed at restricting movement and business meetings. The number of countries and cities that introduced restrictions, includes places where the largest arbitration centers are located: Hong Kong, Singapore, Paris, Milan, London, Zurich.

20 March 2020

The FAS Russia During COVID-19 Pandemic: Initial Response

The spread of coronavirus globally poses new challenges before FAS: how to prevent violation of competition law in such turbulent market conditions?