LEGAL ALERTS

No to foreign words: it is planned to limit the use of borrowings in advertising and on signage

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

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Bank fraudsters have reached the presidential elections / Commentary / Nezavisimaya Gazeta

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

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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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