JD Supra (JD Supra Russia)

On September 8, 2022, RF Presidential Edict No. 618 On the Special Procedure for Conducting (Performing) Certain Types of Transactions (Operations) Amongst Certain Persons (Edict 618) entered into effect. Please see full Publication below for more information.

After several years of discussion with various governmental authorities, business representatives and the expert community, the so-called “fifth antimonopoly package” has been submitted to the State Duma for consideration. It is a draft law amending Federal Law No. 135-FZ on Protection of Competition of July 26, 2006 (the “Competition Law”) (hereinafter the “Draft Law”). Please see full...

Ministry of Industry and Trade Order No. 1532 of April 19, 2022, which approved a list of goods and groups of goods for which parallel import to Russia is authorized (the List), entered into effect on May 7, 2022. Please see full Publication below for more information.

On 3 and 4 May 2022, the Russian President adopted two key edicts. The edicts clarify the application of certain provisions from prior presidential edicts (Nos. 81 and 95) and introduce new counter-measures against so-called unfriendly states... Please see full Publication below for more information.

On 1 April 2022, a draft law (the Draft Law) prohibiting placement and circulation of depositary receipts representing shares of Russian issuers (DRs) and requiring Russian issuers to terminate their DR facilities was published on the State Duma website, which, if/when adopted, would bring an era of Russia-based companies tapping international equity capital markets through DR issues to an end.

Readers will recall, on April 1, 2020 the RF President signed RF Law No. 98-FZ, amending RF Law No. 127- FZ On Insolvency (Bankruptcy) of October 26, 2002 (the Law) and authorising the Government to impose a moratorium on creditors’ initiation of bankruptcies to stabilize the economy in exceptional cases (a Moratorium). Please see full Publication below for more information.

On March 5, 2022, Russia’s Edict No. 95 On Temporary Procedures for Discharging Obligations to Certain Foreign Creditors (Edict 95) entered into immediate effect. Russian authorities have thus temporarily changed how Russian debtors may discharge their obligations to creditors. Please see full Publication below for more information.

On Monday, March 7, 2022, the Russian government announced that compensation would not be required when Russian entities infringe patent rights from "unfriendly" countries. This unilateral action by Russia may have a significant impact on the current multilateral protections provided by international law and bilateral treaties. Companies should consider evaluating the impact of the decision,...

On February 28, 2022 and March 1, 2022, the Russian Federation President adopted the following edicts setting out economic measures aimed at responding to recent international sanctions pressure on the Russian ruble due to the current situation in Ukraine: (a) RF President Edict No. 79, On Special Economic Measures in Connection with Adverse Actions of the United States and Foreign States and

New rules significantly expand the scope of existing sanctions on Russia and impose extensive new export controls. This Client Alert is published in the context of fast-moving developments and should be read in conjunction with the Latham & Watkins Client Alert published on 25 February 2022. Significant additional measures are expected to be introduced in the coming days. Please see full...

Morgan Lewis Spark – это ежеквартальный обзор, освещающий нововведения и изменения российского законодательства, имеющие важное значение для компаний, работающих в российских секторах энергетики и добычи полезных ископаемых. Мы надеемся, что он послужит вам полезным инструментом, чтобы сориентироваться в этих событиях. В течение 2021 года Россия значительно продвинулась в развитии законодательства

Morgan Lewis Spark is a quarterly update highlighting new and amended Russian legislation of importance to companies operating in the Russian energy and mining sectors. We hope it provides you with a useful tool to navigate these developments. Over the course of 2021, Russia made signifcant strides developing its legislation in the areas of energy transition, sustainable development, and...

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER RUSSIAN LAW - I. Types of real estate • land plots; • buildings, facilities, and other objects closely connected with land (i.e., objects that cannot be removed without detriment to their designation); • constructions or developments under construction; • objects qualified as real estate by operation of law (registrable aircraft, ships, inland-

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...

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.

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...

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.

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

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...

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.

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.

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...

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER RUSSIAN LAW - I. Types of real estate - • land plots; • buildings, facilities, and other objects closely connected with land (i.e. objects that cannot be removed without detriment to their designation); • constructions or developments under construction; • objects qualified as real estate by operation of law (registrable aircraft, ships, inland-wate

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.

In an effort to reduce bureaucratic procedures and address deficiencies in Russian law with regard to strategic investments by foreign entities in Russia, amendments to Federal Law No. 57-FZ “On Procedures for Foreign Investments in Business Entities of Strategic Importance for Russian National Defense and State Security”, dated April 29, 2008 (as amended) (the “Strategic Sectors Law”) were...

Expectations for positive turns in many spheres of life, both commercial and social, have sprung at the arrival of COVID-19 vaccination. One of the popular questions is whether vaccination could change the current preference for working remotely (even as we see gradual easing of the remote work requirement in Russia) or whether it would be…

In March 2021, three federal agencies promulgated international trade restraints as part of the Biden Administration’s response to alleged mistreatment of Russian opposition leader Alexey Navalny in 2020. Specifically, the Commerce Department’s Bureau of Industry and Security (“BIS”) imposed certain Russia-related export control restrictions ...

The period from 2010 to 2020 can rightly be called the decade of the development of information technology laws. We have identified three key legislative trends that we believe will continue to be relevant in the nearest future. Please see full Publication below for more information.

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...