On July 30, 2024, laws aimed at regulating cryptoassets were passed by the State Duma and approved by the Federation Council. They promote the use of cryptocurrency, stablecoins and DFAs in cross-border settlements.

On July 22, 2024, the President of Russia signed Federal Law No. 190-FZ “On Amendments to Part Four of the Civil Code of the Russian Federation” (Federal Law). The amendments establish the procedure for the use of works whose author or right holder is unknown (“orphan” works).

On July 19, 2024, "Bill No. 676816-8 “On Amendments to the Federal Law “On Banks and Banking Activities and Certain Legislative Acts of the Russian Federation" (hereinafter - the "Bill") was submitted to the State Duma of the Russian Federation, providing for the possibility of opening branches of foreign banks in the territory of the Russian Federation. The Bill establishes the procedure and conditions for the operation of branches of foreign banks in Russia, as well as the procedure for their accreditation and the list of permitted banking operations.

Lidings appointed exclusive representative of WEX Crypto Exchange for accepting applications of clients for refunds.

On 9 July 2024, the State Duma passed Bill No. 638771-8 “On Introduction of the Draft Federal Law ’On Amendments to Certain Legislative Acts of the Russian Federation’” (the “Bill”) in first reading, which focuses on changes in the regulatory regime for the circulation of dietary supplements in Russia.

The proposed amendments would introduce significant changes affecting the circulation of dietary supplements and, to a certain extent, bringing it closer to the regime established for pharmaceuticals and medical devices.

On June 25, 2024, the Supreme Court of the Russian Federation published the Resolution of the Plenum of the Supreme Court of the Russian Federation No. 22 on the submission to the State Duma of the Russian Federation of the draft federal law "On Amendments to the Civil Procedure Code of the Russian Federation" (hereinafter - the "Resolution").

The new review of the most notable patents disputes in Life Sciences in Russian and the CIS.

• pdf, 2.52 Mb

On 24 June, a new block of sanctions was adopted which, among other things, affects in the broadest possible way the prospects for registration and protection of intellectual property owned by Russian individuals and legal entities abroad.

On June 21, 2024, Bill No. 653124-8 "On Amending Certain Legislative Acts of the Russian Federation" (hereinafter - "Bill No. 653124-8") was submitted to the State Duma of the Russian Federation, providing for changes in the procedure for payment for the authorized capital of credit organizations, insurance organizations and non-state pension funds (hereinafter - "financial organizations").