JD Supra Russia

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  • Bankruptcy, Insolvency & Rehabilitation Proceedings in Russia (Updated)

    KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER RUSSIAN LAW - The main piece of the legislation that regulates the activities of parties in insolvency proceedings in the Russian Federation is the Federal Law dated October 26, 2002, No. 127-FZ titled On Insolvency (Bankruptcy) (referred to here as the Insolvency Law). Bankruptcy procedures are considered by the state commercial court at the place of the debtor’s registration and can be initiated by the following persons: - The creditor; - An employee of former employee of the debtor, if they have claims for the payment of severance pay and/or wages; - The competent state authority i.e., the Federal Tax Service; - The debtor himself (filing a debtor’s petition). Please see full Chapter below for more information.

  • Russian personal data law amended to address publicly available data and fines

    March 2021 brought two significant amendments to Russia’s Personal Data Law: one related to processing of publicly available personal data, and another increasing fines for violations of various data privacy requirements. This article provides a summary of the amendments.

  • Non-Russian Online Businesses May Be Forced to Open Offices in Russia and Submit to Russian Jurisdiction

    Draft law “On Activities of Foreign Companies in the Internet in the Territory of the Russian Federation,” introduced to the State Duma, a lower chamber of the Russian parliament, on May 21, 2021, aims to extend Russian jurisdiction to certain non-Russian internet businesses by requiring them to open local offices in Russia and to comply with orders of Roskomnadzor, a Russian internet and data privacy regulator. Failure to do so may result in restrictive measures limiting ability to work with Russian users and businesses.

  • Russia: Q&A - Employer COVID-19 Vaccination Policies

    WLG asked member firms around the globe to provide some insight on employer and employee rights when it comes to requiring the COVID-19 vaccine to return to work. Responses for Russia have been updated with new questions since its initial publication in January.

  • Establishing A Business Entity In Russia (Updated)

    Russia is the largest country in the world in terms of size, having a vast territory of 17.1 million square kilometers. It shares borders with many European and Asian countries such as Norway, Finland, Estonia, Latvia, Lithuania, Poland, Belorussia, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, and Mongolia (plus sea borders with the United States and Japan). Its population in the beginning of 2020 reached 146.7 million people, according to Federal State Statistics Service.
 Russia is a federal republic comprised of 85 constituent entities. There are six categories of federal constituent entities that represent equal members of the federation. They include 22 republics, 46 regions, one autonomous region, 9 territories (krais), 4 autonomous okrugs and three cities of federal significance: Moscow, St. Petersburg and Sevastopol.
 Please see full Chapter below for more information.

  • Morgan Lewis Spark - Q1 2021 (Russian)

    The first quarter of 2021 was relatively slow in respect of Russian legislative developments. And yet we saw development of a number of important legislative frameworks, particularly with a focus to the emerging global energy transition, with draft legislation being developed in respect of greenhouse emission reduction and LNG production in Russia.
 Please see full Publication below for more information.

  • Biden Administration sanctions target Russian technology and defense sectors and Russian sovereign debt

    On 15 April 2021, the U.S. Government announced a number of new sanctions measures against Russia, targeting a variety of “harmful foreign activities” contrary to U.S. foreign policy.

  • New Sanctions Targeting Russia

    President Biden issued a new Executive Order 14024 (“E.O. 14024”) on April 15, 2021, expanding sanctions against Russia. E.O. 14024 authorizes, for the first time, U.S. sanctions against Russian technology companies and, through Directive 1 thereunder, expands prohibitions on dealings relating to Russian sovereign debt.

  • Biden Ramps Up Russia Sanctions Pressure

    On April 15, 2021, the Biden Administration imposed new sanctions on Russia in response to: (1) its efforts to interfere in U.S. and other countries’ elections; (2) the Solar Winds hacks; and (3) Russia’s continued occupation of the Crimea region of Ukraine. These new sanctions include broad authority under a newly issued Executive Order to…


    The still evolving US sanctions (as well as the EU and now also separate UK sanctions) continue to challenge Russia-related business. The sanctions frameworks are complex, changing, and, at times, inconsistent as well as overlapping. Navigating this complex global framework is made even more difficult by the ongoing unpredictable and reactionary geopolitical environment as the Biden Administration gets underway.
 This presentation highlights the most recent developments and then provides a detailed overview of the relevant frameworks and their possible implications—including a focus on the energy sector—as of 20 April 2021.

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