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
Sanctions Monitoring. Aviation Sector
Sanctions Watch in Russia: Advising Business
Lidings closely monitors the developments of the current situation and offers complex assistance on various issues related to sanctions, helping our clients to maintain operations under the conditions of turbulence and elevated risks.
New Legal Requirements: Government Amendments
On March 04, 2022, the Council of Federation has approved and sent to the President the Federal Law “On Amending Certain Legislative Regulations of the Russian Federation” (the “Law”). This Law provides for a number of changes in the regulation of procurement and circulation of medical products (“MP”) and medical devices (“MD”), corporate and financial relations, and even social matters.