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 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.
One Trust Data Guidance. Data protection in the financial sector. Russia section | authored by Pavel Sadovsky, Roman Malovitsky and Elena Trubetskaya
EPAM’s Banking & Finance and Capital Markets and Intellectual Property team comprised of Partner Pavel Sadovsky, Counsel Roman Malovitsky and Senior Associate Elena Trubetskaya, authored the Russia section of OneTrust DataGuidance focusing on data protection in the financial sector.
Attorneys of Egorov Puginsky Afanasiev & Partners took part in writing a chapter for Russia in Global Attorney-Client Privilege Guide published by Lex Mundi.
The Merger Control Review. Edition 12. Russia chapter | Elena Kazak, Anna Numerova, Natalia Korosteleva for The Merger Control Review
The core statute setting out Russian merger control rules is Federal Law No. 135-FL of 26 July 2006 on Protection of Competition (the Competition Law). By-laws must comply with its provisions and can only specify certain issues in detail (e.g., by decrees of the Russian government, administrative regulations and other by-laws).
GAR Know-how: Commercial Arbitration 2021 - Russia | by Evgeny Raschevsky, Andrew Lomas, Vladimir Talanov, Veronika Burachevskaya and Yana Bagrova
EPAM International Arbitration and Litigation team including Practice Co-Heads Evgeny Raschevsky and Andrew Lomas, Counsel Vladimir Talanov, Associates Veronika Burachevskaya and Yana Bagrova exclusively co-authored the Russia’s chapter for the GAR Know-how: Commercial Arbitration 2021.
Recognition and Enforcement of Foreign Arbitral Awards in Russia and Former USSR States | Natalia Andreeva, Wolters Kluwer book
Recognition and Enforcement of Foreign Arbitral Awards in Russia and Former USSR States is the first full-scale commentary in English that aims at analysing the application of the New York Convention in Russia.
Problems of damages evaluation methods for investment disputes | Evgeny Raschevsky for Treteyskiy Sud
The article deals with the evolution of the damages calculation methods in the investor-state disputes over the past 50 years, in both the doctrine and arbitration practice.
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.
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.