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.
ICC Leniency Manual | the Russia chapter by Denis Gavrilov
Denis Gavrilov became the author of the Russia chapter of the Edition.
Expanding of Merger Rules on JV Agreements in Russia | Anna Numerova and Elena Kazak, International Antitrust Bulletin by ABA Section of Antitrust Law
The most recent amendments to the Russian Competition Law, called the Fourth Antimonopoly Package, became effective January 6, 2016. Among other developments, the Fourth Antimonopoly Package brought joint venture (JV) agreements under mandatory merger control clearance procedures.
Companies Will Be Obliged to Collect and Disclose Information on Their Beneficial Owners
According to a new Russian law, legal entities have to obtain and keep information on their beneficial owners, and to renew this information on a regular basis (at least once a year)
On Islamic Finance in Russia | comments by Ilya Bareysha for RBTH
Russia hopes that Islamic banks will help make up for a deficit in international finance caused by sanctions.
EPAM Successful for Transammiak in Environmental Dispute | ceelegalmatters.com reports
EPAM has successfully defended the interests of Transammiak against a RUB 12 million claim brought by the Department of Rosprirodnadzor (Russia's Federal Service for the Supervision of Use of Natural Resources) in the Voronezh region of Russia for damages relating to an ammonia leak.
EPAM’ Tax Practice Team Became the Author of the ACEA’s Tax Guide Russia Chapter
ACEA’s Tax Guide gives an overview of motor vehicle taxation in the 28 EU member states, the EFTA countries (Iceland, Norway and Switzerland) as well as major world markets such as Brazil, China, India, Japan, Korea, Russia, Turkey and the United States.
Control Over the Processing of Russian Citizens’ Personal Data Is Tightened
Since September 2015, both foreign and Russian companies have been required to use databases located in Russia to process Russian citizens’ personal data (PD) (the so-called data localization rule).
Yandex vs. Google | Evgeny Bolshakov and Denis Gavrilov, International Antitrust Bulletin by ABA Section of Antitrust Law
On September 18, 2015, the Federal Antimonopoly Service of Russia (“FAS”) ruled that Google had abused its dominant position in the market for pre-installed applications on mobile devices with an Android operating system in the Russian Federation. The ruling was affirmed on March 14, 2016 by the Moscow Arbitration Court.
Merger Control 2016. Russia - Trends & Developments | Anna Numerova and Elena Kazak, Chambers and Partners Global Practice Guide
The major trend in the regulator’s merger control approach remains quite liberal. This can be seen in both the regulator’s practice and legislative development. Fines for failure to meet the merger control requirements have not been increased.
The New Status of News Aggregators: What Next?
In late February 2016 a draft law (No. 1004188-6) setting out to regulate the operations of so-called news aggregators was submitted to the State Duma. The reaction from the business community has been mixed, and public authorities are taking different views too. For example, German Klimenko, the Presidential Adviser on Internet Development, supported the initiative, while Deputy Minister Alexey Volin says the Ministry of Communications and Media does not support the draft law, which equates news aggregators and media.
Single Pharmaceutical Market in the Eurasian Economic Union
On February 11, 2016 the Federal Law “On Ratifying the Agreement on Common Principles and Rules for the Circulation of Medical Devices (Medical Goods and Medical Equipment) Within the Framework of the Eurasian Economic Union” and Federal Law “On Ratifying the Agreement on Common Principles and Rules for the Circulation of Pharmaceuticals within the Framework of the Eurasian Economic Union” (Agreements) came into force.
Three Russian giants – Sberbank, Gazprom and MTS Get Monopolies on Their Corporate Colours: Shades of Green, Blue and Red
In late 2015 and early 2016, Rospatent registered red, green and blue colours as trademarks for Sberbank, Gazprom and MTS. The companies have, therefore, secured their right to the particular shades: Sberbank now has “green, which is Pantone 349”, MTS has “red, Pantone 485”, and Gazprom has “blue, Pantone 300CV”.
Russian Arbitration Reform: Key Provisions
On 29 December 2015, the Russian President signed the Federal Law “On Arbitration in the Russian Federation” (“The Law on Arbitration”) and Federal Law “On Amendments to Certain Laws of the Russian Federation…” providing for fundamental reform of domestic arbitration.
“We Increasingly See Clients Who Want Their Lawyers to Be Compliant With FCPA, UKBA and the Russian Federal Anti-Corruption Laws” | interview with Mikhail Kazantsev
Leaders League publishes an interview with Mikhail Kazantsev.