Insights

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.

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.

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.

Global Attorney-Client Privilege Guide | EPAM is among the authors

Attorneys of EPAM took part in writing a chapter for Russia in Global Attorney-Client Privilege Guide published by Lex Mundi.

The Merger Control Review. Edition 12. Russia Chapter | Elena Kazak,  Anna Numerova, Natalia Korosteleva for the Merger Control Review

The core statute setting out Russian merger control rules is Federal Law No. 135-FL of 26 July 2006 on Protection of Competition (the Competition Law). By-laws must comply with its provisions and can only specify certain issues in detail (e.g., by decrees of the Russian government, administrative regulations and other by-laws).

GAR Know-How: Commercial Arbitration 2021 - Russia | by Evgeny Raschevsky, Andrew Lomas, Vladimir Talanov, Veronika Burachevskaya and Yana Bagrova

EPAM International Arbitration and Litigation team including Practice Co-Heads Evgeny Raschevsky and Andrew Lomas, Counsel Vladimir Talanov, Associates Veronika Burachevskaya and Yana Bagrova exclusively co-authored the Russia’s chapter for the GAR Know-how: Commercial Arbitration 2021.

Recognition and Enforcement of Foreign Arbitral Awards in Russia and Former USSR States | Natalia Andreeva, Wolters Kluwer book

Recognition and Enforcement of Foreign Arbitral Awards in Russia and Former USSR States is the first full-scale commentary in English that aims at analysing the application of the New York Convention in Russia.

Problems of Damages Evaluation Methods for Investment Disputes | Evgeny Raschevsky for Treteyskiy Sud

The article deals with the evolution of the damages calculation methods in the investor-state disputes over the past 50 years, in both the doctrine and arbitration practice.

It Remains Possible to Hold General Meetings of JSCs and LLCs in the Form of Absentee Voting in 2021

On February 24, 2021, the President of the Russian Federation signed a law providing for the possibility of holding general meetings of JSC or LLC, including annual meetings, by absentee voting.

Penalties for Violations in the Field of Personal Data Processing Significantly Increased

On February 24, 2021 the President of the Russian Federation has signed a law increasing liability for violations in the field of personal data. The changes will take effect on March 27, 2021. Special attention to these changes should be paid by operators who process large volumes of personal data.

The Austrian Yearbook on International Arbitration 2021 | Ilona Zekely, Evgeny Raschevsky and Ilya Nikiforov are among the authors

The Austrian Yearbook on International Arbitration 2021 is a collection of articles and essays on current issues and hot topics in commercial and investment arbitration by leading practitioners and academics. Among the authors are EPAM Managing Partner Ilya Nikiforov and Partners Ilona Zekely and Evgeny Raschevsky.

Russia: New Rules for Personal Data Processing

On December 30, 2020, a law was adopted establishing new rules for the disclosure of personal data to an indefinite circle of persons and processing personal data from open sources. The changes will take effect on March 1, 2021. The new rules apply to all operators of personal data and affect both the distribution of data online and offline.

Video Alert: IP Issues in M&A Deals

Daria Sergeeva, Senior Associate at Intellectual Property / TMT Practice, speaks about Intellectual Property ownership due diligence as an important part of M&A transactions in Russia.

Video Alert: Legal Tips for Companies Supplying to Russia

Alexey Karchiomov, Counsel of International Trade & Customs Practice, discusses the most important issues for companies supplying to Russia.

Video Alert: Winding Down Subsidiary: Few Tips on Closing Entity in Russia

Elena Agaeva, Head of M&A and Corporate Practice in St. Petersburg office, gives a few significant tips on closing an entity in Russia.