China is a country where artificial intelligence (AI) is rapidly developing and widely used in different spheres. The size of Chinese AI market is expected to reach more than 34 billion USA dollars by the end of 2024. China goes second after the USA in the ranking of top 20 AI countries (countries with the […]
AI in China: legal regulation and court rulings Read More »
The Federation Council recently approved a draft law providing for a new form of tax amnesty for companies using a split-up scheme. This new development is aimed at simplifying tax obligations and allowing entrepreneurs to correct past mistakes without serious financial and legal consequences. What is splitting a business? Business fragmentation is a common practice
An amnesty on splitting a business: new opportunities for entrepreneurs Read More »
A draft law has been submitted to the State Duma, according to which the distribution of advertising on a number of resources will be prohibited. Amendments are planned to be made to Articles 12 of Law No. 114-FZ “On Countering Extremist Activities”, as well as to Articles 5 and 38 of Law No. 38-FZ “On
On June 12, 2024, the U.S. Department of Finance and Commerce published a resolution that expands the list of sanctions against Russia. In particular, restrictions on the provision of services to the Russian IT sector will come into force on September 12, 2024. The restrictions apply to 1) The provision of consulting services in the
New US sanctions in the IT sector Read More »
May 2024 To offset the effects of sanctions imposed on Russia, its authorities have put in place numerous counter- sanctions measures that are regularly updated, revised and expanded. I. “Unfriendly” persons A new category of “unfriendly” states has been introduced, which includes the USA, UK, EU and other countries that have imposed unilateral sanctions /
Russian Counter-Sanctions Overview Read More »
On 23 May 2024, the President of the Russian Federation signed Decree No. 422 (the “Decree”)[1], which has been adopted as a retaliatory measure to counteract attempts led by the U.S. Government to seize assets and property of Russia and Russian persons in the United States and abroad. The Decree provides that Russian courts may
U.S. Assets in Russia Exposed to Risk Read More »
At the end of 2023, a draft law was submitted to the State Duma, which will further limit the opportunity to use borrowed words in advertising, on signage, in names of residential complexes and in names of goods that may be mentioned in product information. The creators of the law explain that the draft is
Fraudsters have tested out a new reason for carrying out criminal schemes – presidential elections. The main target of the attackers is personal accounts on the Gosuslugi portal and bank card data, Roskachestvo warned. Telephone and cyber frauds have become a serious challenge for the country. A wave of dubious calls, messages and letters, even
On February 28, 2024, a law banning advertising on information resources of foreign agents, as well as on placing advertising of foreign agents, was adopted in the third reading and sent for approval to the Federation Council. It is most likely that the law will be approved by the Federation Council and signed by the
Advertising and foreign agents: what participants in the advertising market need to know Read More »
On February 15, 2024, the new edition of the Russian Code of Advertising and Marketing Communications Practice (the Code) was signed by the heads of 13 Russian public organizations, including the Association of Branding Companies of Russia (ABCR) and the Association of Communication Agencies of Russia (ACAR). The document is currently open for signing. The
