Practices
Industries

The Russian Government Рas Сlarified the Procedure for Issuing Compulsory Licenses

12 April 2024
On 4 April 2024 the Resolution of the Government of the Russian Federation dated 27 March 2024 No. 380 “On the Sub-commission on the Use of Inventions, Utility Models and Industrial Designs to Ensure Economic Security of the Russian Federation under the Government Commission on Economic Development and Integration” (the “Resolution”) came into force. The Resolution approved the Regulations on the Sub-Commission on the Utilization of Patent Rights Objects (“Regulations”), as well as the rules for preparation by the Sub-Commission of decisions on the uses of such objects with payment of commensurate reimbursement to their right holders (“Rules”).

The Constitutional Court of the Russian Federation Has Determined the Procedure for Reimbursement of Court Fees Incurred by Defendants in Separated Disputes in Bankruptcy Cases

29 March 2024
On 19 March 2024 the Constitutional Court of the Russian Federation adopted Resolution No. 11-P/2024 in the case concerning the verification of the constitutionality of the provisions of Article 110(1) of the Arbitration Procedural Code of the Russian Federation, Article 5 and Article 137(3) of the Federal Law «On Insolvency (Bankruptcy)».

Bank of Russia Published Clarification to Presidential Decree on the Procedure for Fulfillment of Obligations to “Unfriendly” Creditors

29 March 2024
On 25 March 2024 the Central Bank of the Russian Federation published an official clarification “Clarification of the Procedure of Application of the Provisions of the Decree of the President of the Russian Federation dated 5 March 2022 No. 95 “On the Temporary Procedure of Execution of Obligations to Certain Foreign Creditors””.

The Bank of Russia’s Letter on Dividend Policy Was Published

29 February 2024
The website of the Central Bank of the Russian Federation published Information Letter No. IN-02-28/9 dated 08 February 2024 “Information Letter of the Bank of Russia on Approaches to Determination and Disclosure of Dividend Policy (“Information Letter”). The Central Bank of the Russian Federation recommends that companies whose securities are admitted to organized trading (“PJSC”) develop and implement a transparent and understandable mechanism for determining the amount of dividends and their payment.

Review of Legislative Amendments to the Arbitrazh Procedure Code

27 February 2024

On 5 January 2024 Federal Law № 667-FZ dated 25.12.2023 “On Amendments to the Arbitrazh Procedural Code of the Russian Federation” (the “Law”) came into force, which introduced significant changes to certain procedural institutions, in particular, increased the time limits for procedural actions, expanded opportunities for consideration of cases in order proceedings and simplified proceedings, etc.

The Supreme Court Сonfirmed the Jurisdiction of Russian Courts to Bankrupt a Foreign Debtor

26 February 2024

Starting from 2021 bankruptcy of foreign legal entities in Russian commercial courts has been actively developing. Most of the judgments were issued by courts of appeal and cassation stages and then confirmed by “refusal” rulings of the Supreme Court. It is also interesting that such bankruptcy proceedings were initiated by either Russian state bodies or Russian legal entities.

Decisions on Issuing Compulsory Licenses Will Now be Made by a Subcommittee Under the Russian Government

26 February 2024

On 15 February 2024, the President of the Russian Federation signed Decree No. 122 “On Improving the Procedure for Decision-Making on the Use of Inventions, Utility Models and Industrial Designs to Ensure the Economic Security of the Russian Federation” (“Decree”), which requires the Russian Government to form a Sub-commission on the use of inventions, utility models and industrial designs (“Sub-Commission”). The Sub-Commission will be formed under the Government Commission on Economic Development and Integration.