Business Discussion "Fate of Foreign Businesses in Russia: The New Reality"

27 April 2022

EPAM invites you to join its business discussion 'Fate of Foreign Businesses in Russia: Acting in the New Reality’, which will be held on April 27, 2022 (Wednesday) from 11:00 to 14:30 both online and live.

The venue for the offline attendees is 22-24, Nevsky Avenue, Floor 4, St. Petersburg (map); a welcome coffee is to be served from 10:30 to 11:00.

The current geopolitical processes and economic changes have marked the beginning of a new order that has been dramatically changing the usual conditions for the development of businesses. The cessation of a number of western companies’ operations in Russia, the sale of assets and production rights, the risks of ‘nationalization’ and other forms of loss of property for the departing firms, as well as criminal prosecution of the executives of foreign-owned companies for the compliance with sanctions, are just a few changes that have shaken the foundations of foreign business activity in Russia.

How can businesses adapt to the new regulations on the Russian market? What risks might foreign companies encounter when they decide to hand over their businesses to new owners? How can managers protect themselves from criminal and administrative liability for ‘compliance with sanctions’, cooperation with undesirable entities and violation of the obligations to employees and other contractors? These and other issues will be addressed at the business discussion with EPAM speakers.

TOPICS FOR DISCUSSION*:

Part I. If you are leaving, don’t leave. Avoiding Problems when Selling a Business in Russia

Sale or transfer of businesses: minimizing the risks
What would happen to the real properties of western companies?
Performing obligations to the employees?
What should companies staying in Russia prepare for?

Part II. Key Trends in Case Law and Criminal Risks

Working under sanctions: adapting the business
How shall a foreign company defend itself in court?
Key risks for the companies leaving the market

MODERATOR:

Ivan SMIRNOV, Managing Partner at the St. Petersburg Office of EPAM

SPEAKERS:

Elena AGAEVA, Counsel, Head of M&A and Corporate Law at the St. Petersburg Office of EPAM
Olga MISCHENKO, Counsel, Head of Real Estate, Construction and PPP Practice at the St. Petersburg Office of EPAM
Evgeny GURCHENKO, Counsel, Head of Litigation Practice at the St. Petersburg Office of EPAM
Andrey TUZOV, Counsel, Head of White Collar Crime Practice at the St. Petersburg Office of EPAM
Svetlana ZHELUDKOVA, White Collar Crime Associate at EPAM
Vladimir STEPANOV, Senior Employment and Migration Law Associate at EPAM