10 August 2023

Presidential Decree on Suspension of Double Taxation Treaties with 38 Countries Published

Presidential Decree No. 585 “On Suspension by Russia of Certain Provisions of Russia’s International Treaties on Taxation Matters” (the Decree) was published on 8 August 2023. This Decree represents a natural development of the initiative announced by the Ministry of Finance and the Ministry of Foreign Affairs of Russia to unilaterally suspend Double Taxation Treaties (the DTT, the Treaty) in response to the European Union’s decision to place Russia on the list of jurisdictions that do not cooperate with the EU on taxation matters.

28 July 2023

Sweeping Changes in the Russian Tax Code

On 21 July 2023, the State Duma of the Russian Federation (the State Duma) passed in its third reading bill No. 369931-8, implementing the key areas of the fiscal policy for 2023 and the target period. The proposed amendments are systemic and stipulate changes to 30 chapters of the Tax Code of the Russian Federation (the Russian Tax Code). The key amendments are summarised below.

25 April 2023

Statistics of Lawsuits for Damages Against Top Managers for 2022

On 19 April 2023, the Judicial Department of the Russian Supreme Court published court statistics for 2022. According to the statistics, the amount of damages recovered from top managers has grown more than 10 times, while the number of lawsuits filed and claims sustained remains the same. Specifically, in 2022, more than RUB 165bn was recovered in damages (versus RUB 3.8bn in 2021 and less than RUB 1bn in 2020).

13 February 2023

Key Provisions of the Case Law Overview Regarding Unauthorised Construction

The last year was memorable in terms of construction law as on 16 November 2022, the Presidium of the Supreme Court approved the Case Law Overview Regarding Unauthorised Construction.

9 December 2022

The Number of Law Firms in Russia Remained the Same | сommentary by Denis Arkhipov for Rossiyskaya Gazeta

Despite the difficult year 2022, the workload in the legal business has not decreased, but the specifics have changed.

16 September 2022

Top 5 Real Estate Legislation Amendments | by Anton Alekseev for AEB Real Estate Monitor

The Association of European Businesses (AEB) presents its latest edition of Real Estate Monitor, which is focused on the research of the Moscow and St. Petersburg real estate sectors in the segments of: retail, office, warehouse, hotel and residential real estate for the first half of 2022. This edition contains an article “Top 5 Real Estate Legislation Amendments” prepared by Anton Alekseev, Counsel, Real Estate And Construction Practice at EPAM and Deputy Chairman of the AEB Real Estate Committee.

3 August 2022

The Market Without Fluctuation | Commentary by Anastasia Yaremchuk for RG

The Federal Antimonopoly Service (FAS) has reduced the period for issuing warnings to one day. The new rules will also apply to public unsubstantiated forecasts of price increases.

15 April 2022

Bill on the External Management of Foreign Companies

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.

7 April 2022

Russian Counter Sanctions Review From April 7, 2022

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).

7 April 2022

Сriminal Liability for the Execution of Western Sanctions on the Territory of Russian Federation

On April 7, 2022, legislative proposal № 102053-8[1] 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.

5 April 2022

Selected Aspects of IP Rights Protection of “Unfriendly States” Companies – Recent Trends

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").

15 March 2022

Russian Counter Sanctions Review From March 15, 2022

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.

3 March 2022

New Currency Control Measures

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.

2 March 2022

Restrictive Measures in the Field of Cross-Border Transactions

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.

26 November 2021

One Trust Data Guidance. Data Protection in the Financial Sector. Russia Section | 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.