Insights
21 April 2020

Corporate M&A 2020. Ukraine. Law and Practice | Oksana Ilchenko, Ilona Zekely, Natalia Spiridonova*, Aleksandra Yevstafyeva for Chambers Guide

Mainly due to the election-driven uncertainty, 2019 saw some slowdown in inbound M&A activity in Ukraine after a two-digit percentage growth. The biggest transactions took place in infrastructure (including telecom), commercial real estate and heavy industry sectors. In 2020, the global COVID-19 pandemic will have adverse effect on the speed and feasibility of both planned and signed M&A.

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.

1 April 2020

Correlation between private and public interests in antitrust regulation (as demonstrated by the pharmaceutical market) | Anna Numerova, Olga Denchenkova

The article addresses the conflict of private and public interests on the pharmaceutical market arising in the antitrust regulation. The authors suggest assessing antitrust interventions in establishment of rights and enforcement of laws in terms of potential errors known in economics as type I and type II errors, and negative implications of type I errors, where the innocent are punished.

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."

25 March 2020

One Essex Court barrister makes Moscow move | iclg.com

An English barrister has taken international arbitration and English law experience to Egorov Puginsky Afanasiev & Partners in Moscow, as the Russian firm forges closer ties with One Essex Court.

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?

19 March 2020

Coronavirus and force majeure: fulfillment of contractual obligations in a pandemic

As the pandemic spreads, and states adopt restrictive measures, companies will become unable to fulfill their contractual obligations. Under such circumstances, applicability of force majeure rules in each case becomes of paramount importance. It is important to make correct legal qualification from the very outset, and to take all the necessary steps in order to subsequently be able to refer to force majeure, including the collection of evidence in case of a subsequent dispute.

19 March 2020

Planned government support measures of business during the coronavirus pandemic

The rapid of spread of coronavirus will have an adverse effect on a braod range of businesses. Government bodies of the Russian Federation have announced a number of operational measures, aimed at reducing business risks in the context of the global coronavirus pandemic.

19 March 2020

Taxation and the pandemic

The spread of coronavuirus (COVID-19), as well as the introduction of a broad range of restrictive measures to contain it, will have a negative impact on many sectors of the Russian economy. How will this situation affect taxpayers' obligations in relation to making mandatory payments to the budget? Further considering the restrictive measures and the fact that most employees will start working remotely, will there be a change to the overall interaction between taxpayers and tax authorities?

19 March 2020

Protecting shareholders from coronavirus: annual meetings of shareholders in 2020 can be held in absentia

On March 18, 2020, Federal Law No. 50-FZ “On the acquisition by the Government of the Russian Federation of ordinary shares of the PJSC Sberbank of Russia from the Central Bank of the Russian Federation and on the recognition of certain provisions of the legislative acts of the Russian Federation” (hereinafter - the Law No. 50-FZ) was published.

13 February 2020

Lex Mundi Global Climate Change Law Guide – Russia | by Ilona Zekely

The Climate Change Law: Global Guide was developed to help in-house counsel understand relevant policies, measures and legislation related to climate change regimes in more than 30 jurisdictions around the world. Partner, Head of European Desk at Egorov Puginsky Afanasiev & Partners Ilona Zekely authored the Guide overview on Russia.

4 February 2020

Practice Issues of Foreign Investments Filing in Russia | Anna Numerova and Elena Kazak for International Antitrust Bulletin by ABA Antitrust Law Section

The regulation of foreign investments in Russia has become more stringent in recent years. A number of amendments have been introduced to the laws providing the legal regulatory framework for foreign investments in Russia, namely to both the Strategic Investments Law and the Foreign Investments Law.

5 December 2019

Significant Fines Introduced for Violation of Personal Data Localization Rule

On December 2, 2019 the RF President signed a new law that establishes significant fines for violations of the localization rule in respect to the personal data of Russian citizens.