Legal overviews
Ministry of Internal Affairs gets new powers in banking area
- Service: Criminal Law
- Date: 16.11.2022
On October 20, 2022, the President of the Russian Federation signed a law giving the Bank of Russia the right to provide the Ministry of Internal Affairs with information on cases and attempts to make money transfers without the consent of the client.
OFSI liberalizes access to UK legal services for sanctioned Russians and Belarussians
- Service: Sanctions Compliance
- Date: 07.11.2022
The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has issued a new general license which took effect on October 28, 2022 and continues in effect for six months, until April 28, 2023. The general license allows to receive legal fees from a person designated under UK sanctions. Let’s have a detailed look.
Customs to investigate monies moving abroad
- Service: Customs Law
- Date: 07.10.2022
State Duma passed in the third reading a draft law that allows the customs authorities to investigate offenses related to funds being moved abroad. Let’s have a look at what will change when the amendments take effect.
LLC transactions
- Service: Corporate Law / Mergers and Acquisitions
- Date: 26.09.2022
On September 20, 2022, Government Resolution No.1651 was published, which approves the rules for obtaining a permission from the Government Commission for Control over Foreign Investments in the Russian Federation for transactions involving shares, real estate, etc.
Amendments to the Criminal Code of the Russian Federation Concerning Offences related to Breach of State Contracts on State Defense Order
- Date: 25.09.2022
On September 20, 2022, a law amending the Criminal Code of the Russian Federation was submitted to the Federation Council of the Russian Federation. With the above amendments, new offences relating to breaches of state contracts on state defense order or contracts entered into for the purpose of performing a state defense order will be introduced.
Restrictions on transactions with LLC equity interests
- Services: Tax Law, Sanctions Compliance
- Date: 09.09.2022
Yesterday was issued Presidential Decree No. 618 (the “Decree”), which limits the ability to carry out transactions with LLC equity interests for the some categories of persons.
Liability for breaching landing law becomes tougher
- Service: Intellectual Property (IP)
- Date: 08.08.2022
On July 14, 2022, the Russian President signed Federal Law No.259-FZ amending the Administrative Offenses Code of the Russian Federation. The amendments toughen liability for violating the Federal Law “On the activities of foreign persons on the Internet telecommunications network on the territory of the Russian Federation”.
Notification of participation in Multinational Enterprise Group
- Service: Tax Law
- Date: 02.08.2022
We kindly remind everyone that the deadline for filing a notice of participation in a Multinational Enterprise Group or 2021 is approaching. The deadline date is August 31, 2022.
Major changes to federal law "On personal data"
- Service: Data Protection
- Date: 21.07.2022
Federal Law No.266-FZ was signed and published on 14.07.2022, introducing large-scale changes to the regulation of personal data processing. The draft law after being considered by the State Duma has changed substantially as compared to its previous version.
Review of sanctions relating to intellectual property
- Services: Intellectual Property (IP), Sanctions Compliance
- Date: 20.07.2022
In the current situation, sanctions imposed by foreign states against Russia inevitably affect intellectual property or IP. Here is a list of the main EU, US and UK sanctions imposed against Russian entities and individuals that affect intellectual property issues.