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.
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.
Fugitive US whistleblower Edward Snowden officially applied for temporary asylum in Russia on Tuesday. Russia`s Federal Migration Service confirmed that Mr. Snowden had completed the necessary paperwork at Sheremetyevo airport in Moscow, where he has been staying for the past three weeks after his US passport had been revoked. The news came following his meeting with several human rights activists and lawyers last Friday. The White House insists that Snowden should be expelled from Russia to face treason charges in the US. Dimitry Afanasiev, Chairman and co-founding partner of Egorov Puginsky Afanasiev & Partners, the largest law firm in Russia and the CIS, discussed the issue in an interview with VoR.
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.
One man with a strong opinion on what's happening in Cyprus is Dmitri Afanasiev - Chairman of Russia's largest law firm. He says what's going on is about politics not economics because Germany wants to close Cyprus as Russia's window to the EU.
Global Arbitration Review provides commentary by Markiyan Kliuchkovskyi on amendments to the Rules of the ICAC at the UCCI regarding time extension for award issuance
In the first changes to be made to the rules of the institution since their debut in 2007, tribunals have been given five extra days to communicate an award to the parties, with scope to extend that period by the ICAC president still further in “exceptional circumstances”. Other provisions on the general duration of a case, set at six months, remained unchanged.