Insights

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.

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.

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.

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.

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.

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.

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.

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.

Corporate M&A 2019. Ukraine. Law and Practice | by Oksana Ilchenko, Ilona Zekely, Natalia Spiridonova, Aleksandra Yevstafyeva

Oksana Ilchenko, Ilona Zekely, Natalia Spiridonova, Aleksandra Yevstafyeva became the authors of Ukraine chapter of the Chambers Corporate M&A 2019 Second Edition Guide.

EPAM Provide Legal Advice on Sale of Shares in National Media Group Company | The Lawyer

A team of associates from the Corporate and M&A Practice at EPAM provided legal advice on a transaction involving the sale of shares in one of the companies belonging to National Media Group.

EPAM Advises Special Committee of Bondholders on Restructuring of Roust Group | CEE Legal Matters

EPAM has acted as legal advisor to the special committee on the rights of Russian bondholders in the international debt restructuring of the Roust Corporation, which the firm describes as "one of the largest producers of vodka in the world."

EPAM Advises on Transfer of Motor Insurance Portfolio | CEE Legal Matters

EPAM has successfully assisted on the transfer of JSC Uralsib's motor insurance portfolio to JSC Reliance.

Contracts, Negotiations and Enforcement in the Russian Federation: Overview | Daria Ilyina, Practical Law Global Guide 2016/17

Daria Ilyina, Senior Associate, on contracts, negotiations and enforcement in the Russian Federation.

Economic Analysis of Corporate Law | Dmitry Stepanov

This article provides an overview of key concepts of economic analysis of corporate law.

Demand for Law and Enabling Structure of Regulation | Dmitry Stepanov

Laws, regulations and the law itself might be viewed from economic analysis of law standpoint as a type of any non-material goods, thus there is a demand for, and supply of, law.