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Back To Basics: State Duma Backs Supreme Court Proposal to Transfer Cassation Appeals in Magistrates’ Court Cases to the Regional Level

31 March 2026

On 24 March 2026, the State Duma adopted Bill No. 1136722-8 at its third reading, proposing to transfer the powers to review decisions of magistrates’ courts on cassation appeal from the cassation courts of general jurisdiction to the courts of the constituent entities of the Russian Federation. The initiative was put forward by the Supreme Court of the Russian Federation.



Draft Law on Consolidated Financial Statements: Conditions and Exemptions

04 February 2026

On January 20, the State Duma adopted in the first reading Draft Law No. 1082205-8 ("the Draft Law"), which exempts a number of legal entities from the obligation to submit mandatory consolidated financial statements ("CFS"). The Government of the Russian Federation acted as the subject of the right of legislative initiative.

The Draft Law amends Federal Law No. 208-FZ dated 27 July 2010 "On Consolidated Financial Statements" and Federal Law No. 39-FZ dated 22 April 1996 "On the Securities Market."


Bill On Digital Currency in Criminal Proceedings Approved for the Third Reading

30 January 2026

A bill No. 902782-8 "On Amendments to Article 104.1 of the Criminal Code of the Russian Federation and the Criminal Procedure Code of the Russian Federation" (hereinafter – the "Bill"), providing for the recognition of digital currency as property and establishing the procedure for its seizure within the framework of criminal proceedings, was submitted to the State Duma of the Russian Federation on April 24, 2025. The Government of the Russian Federation acted as the subject of the legislative initiative right.

Two Years Since the Enactment of the Online Safety Act in Sri Lanka

19 January 2026

On 2 February 2024, the Online Safety Act, No. 9 of 2024 (hereinafter referred to as the “OSA”) was officially published in Sri Lanka. The OSA is a significant and controversial element of information security regulation in Sri Lanka. It establishes provisions prohibiting the communication of prohibited statements online and aims to prevent the use of online accounts and inauthentic online accounts for prohibited purposes.