Russian chapter for IBA Arbitration Guide | Ilya Nikiforov, Victor Radnaev, Olga Tsvetkova and Mikhail Samoylov
How prevalent is the use of arbitration in your jurisdiction? What are seen as the principal advantages and disadvantages of arbitration? Arbitration is the prevailing dispute resolution mechanism for disputes arising in connection with international commercial contracts, but has only limited application in domestic transactions. Reportedly less than one per cent of domestic disputes are resolved through arbitration.
Supreme Court of the Russian Federation, 30 May 2017, Case No. A60-12039/2016 | Mikhail Samoylov, Yearbook Commercial Arbitration 2017
The Supreme Court reversed the decisions of the lower courts, which had referred the parties to arbitration. The Court confirmed that an arbitration agreement may be concluded by reference to a separate document containing an arbitration clause. However, there was no valid agreement here: the arbitration provision in the RIPE NCC (Réseaux IP Européens Network Coordination Centre) Standard Service Agreement, which governs disputes between the RIPE and its members, did not apply to a dispute between members.
BlaBlaCar, an international carpooling service, instructed Egorov Puginsky Afanasiev & Partners following a court decision to block the company’s Russian website in response to the prosecutor’s office suit. The prosecutor likened BlaBlaCar’s activities to those of taxi operators who distribute fares to drivers without a taxi licence.
The Russian big business will be able to secretly return capital from abroad | Sergey Kalinin commentary, micetimes.asia
As stated by the President of Russia Vladimir Putin, the state is ready to help domestic businesses on a Pro Bono basis to return capital from abroad by issuing foreign currency bonds. This good for the part of entrepreneurs the news the President announced on December 21 at a meeting in the Kremlin. The issue of the “bonds of external loans denominated in foreign currency” is scheduled for next year. According to the President, the government and the Central Bank has already elaborated this issue, it remained for the technical issues – issue details and conditions.
Data Protection in the Health & Pharmaceutical Sector in Ukraine | contribution to DataGuidance by Viktoriya Podvorchanska
In 2010, Ukraine ratified the Council of Europe Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data 1981 (“the Data Protection Convention”). Further to such ratification, in 2011 the Law of 1 June 2010 No. 2997-VI on Personal Data Protection (“the Personal Data Protection Law”) was enacted to become the cornerstone of national data protection legislation.
Sanctions and business lost to overseas jurisdictions is driving legal and technological reform in Russia, a conference in Kazan has heard | The Lawyer
Russia has been through a wave of change in the past few years. Conscious that business is being lost to overseas jurisdictions because of the way local laws work, the government has reformed first the country’s civil code, then the arbitration system.
Where are the success stories of business resisting corruption? | Orest Stasyuk , Compliance Periscope
According to the surveys from previous years, majority of around one hundred participating companies reported that they have faced corruption while working in Ukraine (81% in 2016 and 88% in 2015). Here is the slide from ACC’s last report showing the most widespread forms of corruption: It is safe to assume that most of the participants encountered at least one of the above-mentioned types of graft during the recent years.
Egorov Puginsky Afanasiev & Partners 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 Egorov Puginsky Afanasiev & Partners provided legal advice on a transaction involving the sale of shares in one of the companies belonging to National Media Group.
Egorov Puginsky Afanasiev & Partners Ukraine criminal law team recently defended a global producer and distributor of crop protection products in criminal proceedings initiated by the enforcement and customs authorities with respect to import of its products to Ukraine.
On 2 June, on the sidelines of the 21st St. Petersburg International Economic Forum, a cooperation agreement was signed between the Government of Leningrad Region and joint stock company Knauf Petrobord, a member of the Knauf Group. The agreement includes an investment by Knauf of at least RUB3.5bn to renovate production facilities for cardboard facing over the period to 2020, and provision of investor support by the Government of Leningrad Region.