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- 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…
- US AND EU RUSSIA SANCTIONS UPDATE—US/EU (& UK) OVERVIEW (AND RUSSIAN COUNTERSANCTIONS) – APRIL 2021
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.
- Dentons COVID-19 Retail Tracker - Russia
Status – Has any special status been introduced? No special regime has been introduced at the federal level, but all regional authorities have introduced a state of high alert with different restrictive measures.
- TRANSACTIONAL: Russia: Expanding Opportunities for Foreign Investment in Major Oil and Gas Deposits
In the context of forthcoming Russian presidential elections, discussions have resumed concerning possible steps that Russia might take to encourage greater foreign investment and generally simplify transactions in strategic sectors of the Russian economy, including oil and natural gas projects.
- Accounting Requirements to Change in Russia
Federal Law No. 402-FZ "On Accounting" will take effect January 1, affecting most Russian businesses. On 6 December 2011, Russia announced a new law that will change certain rules relating to accounting. The old law on accounting, which was adopted more than 15 years...
- Russian Federation Supreme Commercial Court’s Review of the Application by the Russian Courts of the Public Policy Defense
This alert analyzes the legal positions taken by the Presidium of the Russian Federation Supreme Commercial Court (“SCC”) in its recently published review of commercial court practice in cases concerning the application of public policy as a ground to refuse to recognize and enforce foreign court...
- Russian Law Update - June 2013
In This Issue: - Russian Civil Law Reform: Recent and Upcoming Amendments - Anti-Corruption Laws: New Compliance Requirements for Russian Companies ..Disclosure of Beneficial Ownership - Amendments to...
- Russian Federation Supreme Commercial Court’s Review of Issues Arising in Cases Involving Foreign Parties
This alert analyses the most important legal positions adopted by the Presidium of the Russian Federation Supreme Commercial Court (the “SCC”) in its recently published Review of certain issues arising in commercial courts’ cases involving foreign parties (the “Review”). The SCC not only summarized ...
- CIS Legal Update - September 2013: The Supreme Arbitrazh Court Provides Case Studies on Defending Property Rights
In defending their property rights in the Russian Federation (the “RF”), plaintiffs sometimes fail to either establish the appropriate legal means to pursue a claim in court or correctly identify the defendant. In an attempt to clarify the process by which property rights are defended in court, the ...
- A World in Balance - At Least in Terms of the Number of Arbitration Courts
In the past few weeks, Russia has abolished its main commercial court and Singapore has announced its plan to open one. The events appear to be unrelated, but it seems likely that the ripples from each may reach the other....
- Russian Legislation Update - 3 – 23 March 2014
In This Issue: - Banking - Anti-Money Laundering - Electric Power/Renewables - Excerpt from Banking: On 5 December 2013 the Bank of Russia issued Instruction No. 147-I “On the Procedure for Inspecting Credit ...
- Corruption Risks in Pharma Manufacturing in Russia
The Russian government has targeted the pharmaceutical industry for growth and development, adopting a program Pharma 2020 Strategy. This program aims to improve the competitiveness of the Russian pharmaceutical industry and localize production resources of international pharmaceutical companies....
- Processing Personal Data in Russia? Consider These Changes to Russian Law and How They May Impact Your Business
Changes Impacting Businesses that Process Personal Data in Russia - On July 21, 2014, a new law Federal Law ? 242-FZ was adopted in Russia (Database Law) introducing amendments to the existing Federal Law “On personal data” and to the existing Federal Law “On information,...