Russia’s competition authority, the Federal Antimonopoly Service (FAS), has proposed amendments to eliminate the discrepancy in different definitions of a cartel in Russian competition law and the country’s criminal code, Andrey Tenishev, head of the cartel division at FAS, told PaRR. A definition given to a cartel in antimonopoly law will be integrated into criminal law, he explained.
The financial crisis took a heavy toll on Central and Eastern European economies. But local experts are confident that a recent spate of M&A activity could revive once-flagging deal flow.
Ukrainian corporate legislation is as young as the country. It sprang up when Ukraine declared its independence in 1991. That’s also when demand for foreign legal counsel among local businesses skyrocketed, a trend that continues today, lawyers say.
Alexandra Lysova became the author of the Russia chapter of the Getting the Deal Through – Product Recall 2014.
Pavel Sadovsky and Vyacheslav Yugai contributed to the Study on Videogames published by World Intellectual Property Organisation (WIPO).
KyivPost publishes an article by Oksana Ilchenko on antitrust regulation in Ukraine.
Evgenia Evdokimova writes on arbitrability of disputes from the viewpoint of Russian legislation and court practice.
“Arbitration was attractive to me as commercial law in Russian courts during the early 1990s was very rudimentary. What you learnt in law school was looking like theory,” says Ilya Nikiforov, managing partner at Egorov Puginsky Afanasiev & Partners.
The minor countries of the CIS region have attracted less interest than their larger, louder neighbours but this is still a valuable region.
GAR publishes an article by Dmytro Marchukov and Oleksandr Volkov on a series of puzzling Ukrainian court decisions.
Markiyan Kliuchkovskyi comments to "Interfax Ukraine" on UEFA not obliged to exclude Metalist from Champions League after Lausanne court ruling
UEFA has no obligation to exclude FC Metalist Kharkiv from the UEFA Champions League of the 2013/2014 season after the ruling of the Court of Arbitration for Sport in Lausanne, the club's representative in court, Head of Sports Law at the Egorov, Puginsky, Afanasiev and Partners Law Firm Markiyan Kliuchkovsky has said.
Russia’s investigators will be able to obtain statements on bank transactions and accounts held by companies and individual entrepreneurs, as well as data on operations, accounts, and deposits by individuals, only on the basis of a court order. Russian President Vladimir Putin signed the amendment into law at the end of June. Both chambers of parliament had approved the bill.
The Moscow Times publishes commentary by Mark Rovinskiy on companies reassessing their presence in Cyprus
Depositors may be licking their wounds, and hoping for some kind of structured assistance by Russia to crippled Cypriot banks, but only a small number of Russian companies are leaving the island.
International Distribution Institute publishes Commercial agency country report for Russia, prepared by Egorov Puginsky Afanasiev and Partners lawyers.
Olga Vishnevskaya authors the Russia chapter of YIAG e-news.