Practices
Industries

From April 1, 2022, Russia Introduces a Moratorium on Initiating Bankruptcy Proceedings Under the Claims of Creditors

04 April 2022

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.

The EU, the US and the UK Have Consistently Imposed Economic Restrictions on Their Own Citizens

04 April 2022

The purpose of the economic restrictions imposed in February-April 2022 is officially declared to be “changing Russia’s behavior” and exerting “pressure” on those involved in the events in Ukraine. To this end, restrictions were imposed on various sectors of the Russian economy, as well as on citizens of the Russian Federation.

Prior to the new “packages” of economic restrictions in 2022, citizens of “unfriendly states” were not included in the SDN lists by the respective states. The situation is gradually changing: now the EU, the US and the UK citizens and companies are under attack.

The Russian Government Legalized the Parallel Import

01 April 2022

On 29 March 2022, the Russian Government enacted Resolution No. 506 “On goods (group of goods) in relation to which certain provisions of the Russian Civil Code on protection of exclusive rights to intellectual property objects and means of individualization cannot be applied”. Under this Resolution, the Ministry of Industry and Trade shall introduce a list of goods in relation to which para. 6 of art. 1359 and art. 1487 of the Russian Civil Code are not applied provide that the said goods (group of goods) are put into circulation outside of Russia by the right holders (patent holders) or upon their consent.

New Meta* Universe in Russia.The Sequel

29 March 2022
On Monday, March 28, the full text of the decision on Meta Platforms Inc.* (No. 02-2473/2022) case was published on the official website of the Tverskoy District Court of Moscow.

It is the sequel of the case we reviewed as of 22 March, related to Meta Platforms Inc.* activity on operation of Facebook* and Instagram* social network in the territory of the Russian Federation.

Circulation of Medical Products and Medical Devices in Russia: Changes in Regulation

28 March 2022

On March 26, 2022, the Federal Law No. 64-FZ “On Amendments to Certain Legislative Acts of the Russian Federation” was adopted (“Law”). It provides for the establishment of certain features of the circulation of medical products (“MP”) and medical devices (“MD”) in Russia in connection with the current economic situation. Such features include the following.

Moscow Trilateral Agreement: New Rules

23 March 2022

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.

New Meta* Universe in Russia

22 March 2022
On March 21, 2022 the Court of Tverskoy district in Moscow resolved the case related to Meta Platforms Inc.* activity on operation of Facebook* and Instagram* social network in the territory of the Russian Federation. The mentioned activity of Meta Platforms Inc.* has been forbidden as extremist.

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.