LEGAL UPDATES
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15 April 2022

Bill on the external management of foreign companies

On April 12, 2022, bill No. 104796-8 on the external management in companies with foreign participation that intend to suspend or terminate their activities in Russia (hereinafter referred to as the Bill) was submitted for consideration by the State Duma.

7 April 2022

Сriminal Liability for the Execution of Western Sanctions on the Territory of Russian Federation

On April 7, 2022, legislative proposal № 102053-8[1] that provides amendments to the Criminal Code of the Russian Federation establishing responsibility for the implementation of sanctions adopted against the Russian Federation within the country was submitted to the State Duma of the Russian Federation for consideration.

7 April 2022

Russian counter sanctions review from April 7, 2022

This memorandum summarises the counter sanctions the Russian Federation has imposed against the unfriendly actions of the USA and their allied foreign countries and international organisations from 21 February to 7 April 2022 (13:00).

5 April 2022

Selected aspects of IP rights protection of “unfriendly states” companies – recent trends

On March 02, 2022, the Arbitration Court of the Kirov Region made a ruling in widely discussed case No. A28-11930/2021, which refused to satisfy the claim of Entertainment One UK Limited for compensation for infringement of the rights to trademarks and works of art (“Peppa Pig”, "Daddy Pig").

15 March 2022

Russian Counter Sanctions Review from March 15, 2022

This memorandum summarises the counter sanctions The Russian Federation has imposed against the unfriendly actions of the USA and their allied foreign countries and international organisations from 21 February to 14 March 2022.

3 March 2022

New currency control measures

In recent days, several Decrees of the President of the Russian Federation and instructions of the Central Bank of the Russian Federation have been published, which introduce serious currency restrictions in addition to those already in force under the Federal Law “On Currency Regulation and Currency Control”. A number of restrictions also apply to the conditions for investors to withdraw from projects in the Russian Federation.

2 March 2022

Restrictive measures in the field of cross-border transactions

The Decree establishes significant restrictions on cross-border monetary transactions and is directly related to both: transactions of individuals and participants in foreign economic activity.

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.