EPAM International Arbitration and Litigation team including Practice Head Evgeny Raschevsky, Counsel Vladimir Talanov, Associates Veronika Burachevskaya and Yana Bagrova exclusively co-authored the Russia’s chapter for the GAR Know-how: Commercial Arbitration 2022.
Despite the difficult year 2022, the workload in the legal business has not decreased, but the specifics have changed.
The Association of European Businesses (AEB) presents its latest edition of Real Estate Monitor, which is focused on the research of the Moscow and St. Petersburg real estate sectors in the segments of: retail, office, warehouse, hotel and residential real estate for the first half of 2022. This edition contains an article “Top 5 Real Estate Legislation Amendments” prepared by Anton Alekseev, Counsel, Real Estate And Construction Practice at EPAM and Deputy Chairman of the AEB Real Estate Committee.
The Federal Antimonopoly Service (FAS) has reduced the period for issuing warnings to one day. The new rules will also apply to public unsubstantiated forecasts of price increases.
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.
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.
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).
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").
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.
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.
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.