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.