New Requirements for the Information Security
Presidential Decree of the 1st of May 2022 No. 250 “On additional measures of providing information security in Russia” (the Decree) introduced new requirements for the information security of Russian resources.
Additional Rules for the Fulfillment of Financial Obligations in Corporate Relations with Foreign Creditors
Decree of the President of the Russian Federation No. 254 of May 4, 2022 (“Decree No. 254”) establishes additional rules for the fulfillment of financial obligations in corporate relations with foreign creditors and clarifies the procedure for the implementation of several previously published Presidential Decrees.
Retaliatory Special Economic Measures Have Been Introduced in Russia Against Certain Persons
Presidential Decree No. 252 of 03.05.2022 (the “Decree”) introduced special economic measures due to unfriendly actions of some foreign states and international organizations. These measures are introduced because of illegal deprivation or restriction of the property rights of Russians and Russian companies to their property abroad.
It is Proposed to Prohibit the Payment of the Contract Price in the Equivalent of the Amount in Foreign Currency or World Commodity Indices
A draft law has been submitted to the State Duma, proposing amendments to the rules for setting prices in civil contracts.
A Law Providing Against the Refusal to Сonclude a Сontract Due to a Сonsumer's Refusal to Provide his Personal Data and Other Invalid Terms of a Consumer Contract Has Been Passed
On April 26, 2022 the Federation Council approved a law amending Article 16 of the Law of the Russian Federation of February 7, 1992 № 2300-I “On Protection of Consumer Rights”, which prohibits sellers, performers, owners of aggregators to refuse a consumer in contract, execution, modification or termination due to the refusal of the consumer to provide personal data.
Green Light to Parallel Import in Russia
Ministry of Industry and Trade develops an order with a list of goods and brands that can be imported without the permission of the copyright holder.
Transfer of an Employee to Another Employer in 2022
On April 4, 2022, the Decree of the Russian Government No. 511 “On the Specifics of the Legal Regulation of Employment Relations and other Directly Connected Relations in 2022” came into force.
The New Version of the Draft Law “On External Administration to Manage a Company”
The new version of the Draft Law “On external administration to manage a company” (Draft Law) dated 12th April 2022 was introduced to the State Duma.
The Draft Law was significantly revised, especially in part of the scope of application and the procedure of the external administration implementation.
From April 1, 2022, Russia Introduces a Moratorium on Initiating Bankruptcy Proceedings Under the Claims of Creditors
A Decree of the Government of the Russian Federation introduced a moratorium on initiating of bankruptcy cases at the request of creditors for the second time. The previous moratorium was imposed to support the most affected by the coronavirus economy sectors and lasted for 9 months. The current moratorium has been introduced for half a year, but the possibility of its extension cannot be excluded.