LexBlog Russia

Publisher:
LexBlog
Publication date:
2019-10-07

Publisher

Latest documents

  • What to Expect Next? US Economic Sanctions and Export Controls Enforcement Actions Thus Far in 2022

    This year, we have witnessed an extraordinary set of coordinated economic sanctions and export control regulatory actions against Russia after its invasion of Ukraine. In contrast to the fast and furious pace of regulatory action, enforcement actions did not keep pace. This year’s enforcement actions by the US Treasury Department’s Office of Foreign Assets Control...

  • Don’t Get Armboxed: Strict ABC Test Results in $100 Million Misclassification Liability

    In Russia, a new variant on boxing involves chaining the two combatants to opposite sides of a podium, with one arm of each boxer immobilized. They then pound each other with the remaining good arm and, because they’re tied to the podium, they have nowhere to go. The contests, called armboxing, last for three one...

  • Sanctions/Export Highlights [As of September 15, 2022]

    Sanctions Designations: U.S. Designates Numerous Individuals and Entities: On September 15, 2022, the U.S. added a number of individuals and entities to the Specially Designated Nationals and Blocked Persons (“SDN”) List.  The sanctions target Russia’s financial system, including the heads of Russia’s state-run card payment system (NSPK), central securities depository, stock exchange’s clearing service provider,...

  • What to Expect Next? US Economic Sanctions and Export Controls Enforcement Actions Thus Far in 2022

    This year, we have witnessed an extraordinary set of coordinated economic sanctions and export control regulatory actions against Russia after its invasion of Ukraine. In contrast to the fast and furious pace of regulatory action, enforcement actions did not keep pace. This year’s enforcement actions by the US Treasury Department’s Office of Foreign Assets Control...

  • U.S. Tightens, Expands Sanctions and Export Controls on Russia & Belarus

    Today, the U.S. Treasury, State, and Commerce Departments announced new sanctions and export control restrictions on Russia and Belarus, targeting parties in and activities related to the technology, quantum computing, finance, and advanced manufacturing sectors.  The Commerce Department’s Bureau of Industry and Security (BIS), in particular, expanded and updated a number of Russia- and Belarus-related...

  • Navigating Sanctions in M&A: Seven Questions for Deal Teams to Consider

    M&A deal teams face complicated legal issues amidst rapidly changing global sanctions and guidance. By Richard Butterwick, Les P. Carnegie, Charles Claypoole, Beatrice Lo, Mikhail Turetsky, Andrew P. Galdes, Ruchi G. Gill, Thomas F. Lane, and Catherine Campbell Russia’s invasion of Ukraine has created new headwinds for M&A dealmakers, as a complicated matrix of sanctions...

  • Sanctions/Export Highlights [As of September 1, 2022]

    Russia Sanctions: This week the European Union designated three additional individuals.  Two of the individuals are members of the Duma who undermined the territorial integrity, sovereignty, and independence of Ukraine by voting in favor of a resolution regarding the need to recognize the so-called Donetsk People’s Republic and Luhansk People’s Republic.  The other sanctioned person...

  • ESMA second trends, risks and vulnerabilities report of 2022

    On 2 September 2022, the European Securities and Markets Authority (ESMA) published its second trends, risks and vulnerabilities report of 2022. The report notes that Russia’s invasion of Ukraine against a backdrop of increasing inflation has profoundly impacted the risk environment of EU financial markets. For example, the report mentions that market conditions deteriorated as...

  • RCMP reports on the frozen assets under SEMA’s Russia Regulations

    Canada’s Special Economics Measure Act (SEMA) provides the Government of Canada the authority to impose sanctions on foreign jurisdictions and persons. Since February 24, 2022, Canada has frequently amended the SEMA (Russia) Regulations (SOR/2014-58) (and other regulations enacted under SEMA), to list a significant number of individuals and entities as “designated persons”, thereby imposing a...

  • Sanctions/Export Highlights [As of August 11, 2022]

    Russia Sanctions: This week the United Kingdom updated the listings for several sanctioned persons by making 17 amendments to designated individuals and 10 amendments to designated entities.  The amendments included revisions to dates of birth, addresses, and descriptions. General Licenses: On August 5, 2022, the United Kingdom issued general license (“GL”) INT/2022/2055384.  The GL allows...

Featured documents

  • 38 more infected with Hepatitis A in central Russia

    NIZHNY NOVGOROD, October 5 (RIA Novosti, Olga Skomorokhova) – In the past 24 hours, 38 new cases of Hepatitis A have been registered in Nizhny Novgorod in central Russia, a local official said Wednesday. According to the official, 1,517 people, including 222 children, have been hospitalized since...

  • Russian Courts and Media presentation

    After my trip to Russia last May, I gave a presentation in Boston on Russian courts and the news media. I have now converted that presentation to Flash and posted it here, should anyone be interested in viewing it....

  • TGF Production LLC Recalls Salted Herring distributed nationwide due to risk of Clostridium botulinum

    TGF Production LLC s recalling Herring Salted because the product was found to be uneviscerated.  The recalled Herring Salted was distributed nationwide in 1.3kg ( 2.86lb) round plastic containers with the code numbers 24.08.09 and 13.07.09. The Herring Salted is a product of Russia. The Herring...

  • Larry Ribstein on the Evolution of the Closely Held Firm and Judicial Dissolution Remedies

    Professor Larry Ribstein recently published a highly informative paper called "Close Corporation Remedies and the Evolution of the Closely Held Firm" in which he relates the judicial dissolution remedy to the evolution of small business firms from partnerships to close corporations to the modern...

  • Russia Enacts Amendments to Data Privacy Law

    On July 25, 2011, Russian President Dmitry Medvedev signed amendments to Russia's personal data privacy law. Among other things, the amended law imposes new rules on transferring personal data outside of Russia....

  • Shale: It’s Not Just the U.S.

    The WSJ has an interesting article on the potential for shale development in eastern Europe:  “At least part of the region’s motivation in embracing these partners is obvious: to get out from under Russia’s thumb. According to a May study by consultancy KPMG, 69% of the gas consumed in Central and...

  • INTERPOL’s latest decision on William Browder- no Red Notice

    The issue of Russia’s request for INTERPOL’s help in locating William Browder was previously covered here.  Mr. Browder sought the removal of his data from INTERPOL’s files, and his request was granted.  Since that time, Russia’s interest in Mr. Browder has continued, and earlier this week, Russia...

  • Russia substantially improves the portfolio transfer rules

    The rules governing a transfer of the portfolio have always been in the Federal Law “On Organisation of Insurance Business in Russia” No. 4015-1 of 27 November 1992 (the “Russian Insurance Business Law”); however, they have rarely been used in practice for the voluntary transfer of part of the...

  • OFAC Targets Russia’s Financial and Energy Sectors in New Sectoral Sanctions

    As a result of the ongoing Crimea conflict, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has issued new sanctions targeting Russian banks and energy companies.  This week, OFAC issued a Ukraine-related Sectoral Sanctions Identifications List (“SSI List”) and Directives 1 ...

  • Top 10 in Law Blogs: Adobe Breach Class Action, JPM’s Legal Reserves, Animal “Personhood”

    Good stuff abound in today’s Top 10—BeLabor the Point keeps their strong roll going, Max Kennerly writes on what it’s like being a lawyer and Eric Packel breaks down Russia’s new privacy laws. Also, over on LXBN TV, Jay Levine joins me to discuss the revamped Antitrust Law Source. Total posts on...

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