March 18th 2021 Chambers and Partners Europe has announced the results of its annual research of the leading legal advisors. Lidings is traditionally highly recommended for Dispute Resolution, Corporate and M&A and Life Sciences advice in Russia.  The Firm’s Intellectual Property practice has also entered the ranking this year.

Lidings demonstrates new achievements and takes advanced positions in the rating of the leading legal advisors in Russia based on the analytical research held annually by the “Kommersant” newspaper. Results of the new research published in a special supplement to Kommersant as of March 17, 2021.

Starting from August 24, 2021, amendments¹ to the Federal Law “On Foreign Investments in the Russian Federation” regarding the procedure for accreditation of branches and representative offices (RO) of foreign legal entities will come into force.

To prevent the direct implementation of provisions of the Joint Stock Companies (hereinafter-JSC) legislation in the Charters, draft laws that soften the requirements for Charters were introduced to the State Duma of the Russian Federation.

The Supreme court has amended the regulation of pledges, established by the Supreme Arbitration Court of the Russian Federation earlier. The Decree of the Plenum of the Supreme Court No. 45 "On some issues of dispute resolution connected to pledge" dated 24.12.2020 (hereinafter – DPSC No. 45) derogates the Decree of the Plenum dated 12.07.2012 No. 42 (hereinafter – DPSAC No. 42) and resolves main problems raised in connection with the reform of this institute in 2015.

Lidings’ managing partner Andrey Zelenin heading the firm’s Pharmaceuticals and Healthcare industry practice and partner Boris Malakhov, Head of the Intellectual Property practice of the firm, run a special webinar on the key market developments in the healthcare and life sciences sector in Russia.

Starting from the beginning of 2021, new rules for the retail sale of goods (the “Rules”) entered into force. The Rules will be valid until January 1, 2027. The Rules are developed within the framework of the regulatory guillotine and replace a few previously existing documents (rules for retail trade, rules for distance selling of goods, rules for commission trading).

Lidings signed Collaboration Agreement with Andersen Global, an international association of legally separate, independent member firms comprised of more than 6 000 tax and legal professionals around the world.

The work discusses key legal aspects of establishing business presence in Russia, providing an overview of existing forms of doing business, as well as specific recommendations on choosing of optimal form of entity, issues of corporate governance and ongoing management, foreign investment, thin capitalization, migration issues of employing expatriates and currency control regulation issues. Authors of the guide emphasize the latest amendments of the Civil legislation of the Russian Federation, particularly regulations on legal entities. This material may be of practical interest for businessmen of all levels, planning to enter the Russian market, as it contains answers on key questions the potential investors may have in the course of choosing a legal form for doing business in Russia.

The publication was prepared by members of Lidings’ corporate and M&A team as part of a joint project initiated by the International Lawyers Network.

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