Category: LEGAL ALERTS

Advertising and foreign agents: what participants in the advertising market need to know

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 …

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A new edition of the Code of Advertising and Marketing Communications Practices has been adopted

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 …

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The Supreme Court sets criteria for the bankruptcy of foreign companies in Russia

On 8 February 2024 Russia’s Supreme Court published a progressive ruling No. 305-ES23-15177 on the Westwalk Projects insolvency case, in which it developed guidelines for determining whether a Russian court has jurisdiction over a foreign company’s insolvency proceedings and whether to introduce main or non-main (secondary) proceedings. Background: Cyprus-based AMN Commercial Property Advisors LTD applied …

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In the absence of the approval of the Government Commission, a transaction is invalid – the Moscow Circuit Commercial Court

In a ruling published on 24 October 2023, the Moscow Circuit Commercial Court  upheld the finding that the sale of real estate by a company with an “unfriendly” participant without the approval of the Government Commission[1] is invalid. On 19 August 2022, Bauer Technology LLC (the “Company”), which is 100%-owned by Bauer Spezialtiefbau GmbH (Germany), …

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The Government Commission has increased the сontribution to the state budget for the asset sales by foreigners to 15%

The Sub-Commission of the Government Commission for Control over Foreign Investments in the Russian Federation (the ‘Sub-Commission’) has published a decision changing the criterion for permissions to be issued for transactions with shares, membership interests and deposits (‘Assets’) involving foreign parties connected with states taking hostile actions against the Russian Federation, in terms of the …

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New obligations of hosting providers, owners of websites and mobile apps

On 31 July 2023, laws amending the Law on Information and the Law on Communications were published[1]. The amendments mainly concern the new duties of hosting providers, as well as the duties of owners of websites and mobile apps. Obligations of owners of websites and mobile apps that use recommendation technologies The new duties have …

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Russia’s Countersanctions Summary

September 2023 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 / restrictions …

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Andorra welcomes you

You may enter this country from two directions: from France and from Spain. In the first case, a spiralling highway awaits you that will make your heart miss a beat. Then you will suddenly stumble upon a border crossing point and bump into a drowsy French border guard who will most likely not even look …

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Partial suspension of tax treaties

On August 8, 2023, Russian President Vladimir Putin signed an Executive Order to suspend certain provisions of Double Taxation Treaties with a number of countries[1] (respectively, the ‘Order’ and the ‘Treaties’). The Treaties that are subject to the Order are those with the EU countries, the USA, Korea, United Kingdom, Albania, Montenegro, Norway, Canada, Switzerland, …

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