Bill on Exemption from Contractual Liability Due to Foreign Sanctions
On March 22, 2022, a Bill (the “Bill”) was submitted to the State Duma on the specifics of contractual performance under the conditions of unfriendly actions of foreign states and international organizations related to the introduction of restrictive measures (foreign sanctions) against Russian legal entities and individuals.
Moscow Trilateral Agreement: New Rules
On March 22, 2022, a Bill (the “Bill”) was submitted to the State Duma on the specifics of contractual performance under the conditions of unfriendly actions of foreign states and international organizations related to the introduction of restrictive measures (foreign sanctions) against Russian legal entities and individuals.
Aspects of Challenging Patent Term Extension in Russia (in Russian)
New Meta* Universe in Russia
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.
Lidings Ranked High in New Kommersant-2022 Rating
Lidings takes high positions in the new rating of the leading legal advisors in Russia based on the analytical research held annually by the “Kommersant” newspaper.
Russian Federal Tax Service: Spin-Off of IT Companies is Now Clear from Suspicion (in Russian)
Winding-up a Company in Russia During Sanctions. Summary Guide
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.
Escrow Account: What is it and what it is for (in Russia)
Considerable Sanctions-Related Changes in Regulations and Intellectual Property in the Pharmaceutical Sphere
On 8 March 2022, Federal Law No. 46 “On Amending Certain Legislative Acts of the Russian Federation” entered into full force and effect, suggesting considerable changes in regulations and intellectual property in the pharmaceutical sphere.