Penalty for Suspension of Commercial Activity (In Russian)
25 August 2023
The Advocate Newspaper, August 2023
Lidings Team Successfully Completed Procedure of Forced Conversion of Depositary Receipts into Shares of One of Russia's Largest Oil Companies
25 August 2023
Lidings' sanctions compliance and corporate & M&A practice lawyers managed the conversion of depositary receipts (ADRs) into stocks of a Russian issuer in support of private clients from Europe and the United States.
The Ministry of Finance Has Softened the Conditions for Paying Dividends to “Unfriendly” Non-Residents
24 August 2023
On 23 August 2023, the Ministry of Finance of the Russian Federation has published on its website an extract from the minutes of the meeting of the Subcommittee of the Government Commission for the Control of Foreign Investment in the Russian Federation No. 182/5 dated 9 August 2023 (“Extract”). This Extract allows residents to pay dividends to foreign “unfriendly” creditors without complying with the conditions specified in paragraph 2 of the minutes of the meeting of the Subcommittee No. 171/5 dated 14 June 2023(«Conditions»).
The Court Determined the Burden of Proof in Cases for a Compulsory License to a Pharmaceutical Patent (Article 1362(1) of the Russian Civil Code)
22 August 2023
In case No. A40-185112/2022, the Moscow Commercial Court determined the evidence to be presented by the claimant when considering a claim for a compulsory license under Article 1362(1) of the Russian Civil Code. The case is currently being considered by the appellate court.
Will Assurances of Circumstances Protect Against Counterparty Bad Faith? (In Russian)
14 August 2023
The Advocate Newspaper, August 2023
A New List of Goods for Parallel Imports Has Been Published
10 August 2023
The President has signed a law which may have an impact on Internet users and website owners.
The Law amends the Act "On Information, Information Technologies and the Protection of Information" and the Act "On Communications". The law introduces new requirements for the owners of Internet sites and their users.
New Legal Requirements for User Registration on Internet Sites
08 August 2023
The President has signed a law which may have an impact on Internet users and website owners.
The Law amends the Act "On Information, Information Technologies and the Protection of Information" and the Act "On Communications". The law introduces new requirements for the owners of Internet sites and their users.
Corporate Rights in Russian Economically Significant Organizations
04 August 2023
The Federation Council approved on 28 July 2023 a draft law1 regulating the procedure for the exercise of corporate rights by foreign participants of Russian companies.
Liability for Failing to Provide Assistance to Military Commissariats During Mobilization May Increase
28 July 2023
The bill “On Amendments to the Code of Administrative Offences of the Russian Federation” regulating responsibility in the field of military registration (the “Bill”) was submitted to the State Duma of the Russian Federation back in 2019. On 25 July 2023, the Bill was adopted in the third reading and sent for approval to the Federal Council. The planned changes will affect both individuals liable for military service, and their employers.
Legal Digest: International Сommercial Arbitration and Arbitration Under Sanctions Restrictions - 1st Half of 2023
28 July 2023
Review of the most notable court cases in international commercial arbitration and under sanctions restrictions - 1st Half of 2023 (in Russian).