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New Meta* Universe in Russia.The Sequel

29 March 2022
On Monday, March 28, the full text of the decision on Meta Platforms Inc.* (No. 02-2473/2022) case was published on the official website of the Tverskoy District Court of Moscow.

It is the sequel of the case we reviewed as of 22 March, related to Meta Platforms Inc.* activity on operation of Facebook* and Instagram* social network in the territory of the Russian Federation.

New Meta* Universe in Russia

22 March 2022
On March 21, 2022 the Court of Tverskoy district in Moscow resolved the case related to Meta Platforms Inc.* activity on operation of Facebook* and Instagram* social network in the territory of the Russian Federation. The mentioned activity of Meta Platforms Inc.* has been forbidden as extremist.

We have analyzed the legal consequences in connection with banning of the Meta Platforms Inc.* activity, made an assessment on possible business risks and provided particular recommendations on their mitigation.

For more information please see this update.

Winding-up a Company in Russia During Sanctions. Summary Guide

15 March 2022

Currently, a great number of western companies declare the winding-up or suspension of their business activity in Russia. For many counterparties, which render services, perform works, or supply materials and goods to these companies (clients or a buyers), their winding-up inevitably leads to permanent or temporary ceasing of operations in the territory of the Russian Federation and, as a consequence, minimizing the associated costs of the Russian legal entity – at least for the next several months.

Eugen Heinrich
Counsel

To hold a remote meeting will be easer

22 July 2021

On July 1, 2021, Federal Law No. 225-FZ of 28.06.2021 "On Amendments to Part One of the Civil Code of the Russian Federation" (the Law) aimed at improving and increasing the effectiveness of holding remote meetings came into force.