Category: PUBLICATIONS

So it will go down: business has identified the risks of providing benefits to growing companies. Authorities and entrepreneurs discuss state support for the SME sector / Commentary / Izvestia

As the concept of Small and Medium Enterprises gains traction, the business community is grappling with concerns regarding support for small enterprises. During a meeting featuring Maxim Reshetnikov, the Minister of the Economy, representatives from Opora Russia voiced their apprehensions that extending budgetary allocations and benefits to this new category might dilute existing state aid. …

So it will go down: business has identified the risks of providing benefits to growing companies. Authorities and entrepreneurs discuss state support for the SME sector / Commentary / Izvestia Read More »

“Pit Product” and “Cherkizovo” want to recover almost 2 billion rubles from the Omsk company / Comment / Business Petersburg

The Commercial (‘Arbitration’) Court of the Omsk Region has accepted for proceedings the claims of Pit-product LLC and Cherkizovsky Meat Processing Plant JSC against the Prodtekhnologii company for the recovery of 1.22 billion and 575 million rubles, respectively. Both claims were accepted by the court for proceedings, but the merits of the disputes have not …

“Pit Product” and “Cherkizovo” want to recover almost 2 billion rubles from the Omsk company / Comment / Business Petersburg Read More »

Hosting providers have a new law. How will it affect clients? / Article / RBC Pro

Under new legislation, hosting providers are now mandated to comply with regulations of the FSB, Russia’s security service, while clients will undergo stricter authentication processes and must confirm their Russian citizenship. Vera Zotova, Ph.D., a Senior Associate, and Olga Nechaeva, a Junior Associate, both from the Intellectual Property and Information Technologies practice at Nordic Star …

Hosting providers have a new law. How will it affect clients? / Article / RBC Pro Read More »

The digital ruble has yet to transition out of the sandbox phase. Financial experts are debating whether it will be necessary for salaries and pensions to transition to this new form of currency / Comment / Nezavisimaya Gazeta

The Central Bank (CB) will need to conduct thorough testing of the digital ruble for at least a year before it can be widely introduced into circulation as a third form of currency. Currently, approximately 25,000 transactions have been carried out with the digital ruble in Russia, primarily among individuals. Experts suggest that citizens’ acceptance …

The digital ruble has yet to transition out of the sandbox phase. Financial experts are debating whether it will be necessary for salaries and pensions to transition to this new form of currency / Comment / Nezavisimaya Gazeta Read More »

A blow to wallets: how to return money stuck in Qiwi now? / Comment / Arguments and Facts

The Bank of Russia has revoked the license of QIWI Bank, thereby disrupting the operation of Qiwi wallets, the Contact payment system, and Polet Finance, which are popular among Russians. Andrei Gusev, Managing Partner at Nordic Star, told the newspaper’s readers that those who had accounts worth up to 1.4 million rubles should not worry …

A blow to wallets: how to return money stuck in Qiwi now? / Comment / Arguments and Facts Read More »

French company Sanofi has lost its dispute with the Ministry of Health and St. Petersburg company “Geropharm” / Comment / Delovoy Petersburg

The Moscow Commercial (‘Arbitration’) Court has refused to satisfy the application of the French pharmaceutical company Sanofi to protect the exclusive right to an invention under Russian Federation patent No. 2564104 (long-acting insulin compositions). The defendants were the Russian Ministry of Health and Geropharm LLC, a St. Petersburg pharmaceutical company. Olga Nechaeva, a Junior Associate …

French company Sanofi has lost its dispute with the Ministry of Health and St. Petersburg company “Geropharm” / Comment / Delovoy Petersburg Read More »

A Company in the UAE: Legal Aspects / Comment / On-line Journal “Joint-Stock Company: Issues of Corporate Management”

The trend of searching for new places for business development has been quite topical recently. The presence of a foreign structure in a holding company’s perimeter gives flexibility in terms of building payment and logistics chains. Anton Borisyuk, a Counsel in the Transactions & Corporate Law Practice at Nordic Star Law Offices, together with Anna …

A Company in the UAE: Legal Aspects / Comment / On-line Journal “Joint-Stock Company: Issues of Corporate Management” Read More »

The pharmaceutical holding “BSS” of billionaire Eduard Zahrabekov has entered into a dispute over the trademark “Istochnik dolgoletiya” / Comment / Delovoy Petersburg

The Intellectual Rights Court (IPR) has scheduled a hearing for February 8 on the claim of BSS LLC, owned by Eduard Zahrabekov (No. 52 in DP’s Billionaire Rating for 2023). The company is requesting the early termination of the protection of the trademark “NPO Source of Longevity” (an inscription on the left side in a …

The pharmaceutical holding “BSS” of billionaire Eduard Zahrabekov has entered into a dispute over the trademark “Istochnik dolgoletiya” / Comment / Delovoy Petersburg Read More »