LEGAL UPDATES
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5 December 2019

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.

11 July 2019

Capital transferring to foreign jurisdictions: risk of criminal proceedings in Russia

The Russian media is increasingly aware of the news about the initiation of criminal prosecution by enforcement agencies against the top management of large companies due to the qualification of their actions of transferring capital to foreign jurisdictions as illegal (especially in countries with special conditions for doing business for foreign companies).