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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 […]

The Annual Legal Forum, organized by the Kommersant Publishing House, has taken place in St. Petersburg. The event marked its 15th anniversary and, as the participants emphasized, it continues to maintain its reputation as one of the best expert platforms. Representatives of large legal consulting firms discussed the main legislative and judicial trends of the

Domestic courts can consider cases of the bankruptcy of foreign companies – this is the decision that has been made by the Supreme Court of Russia. It is designed to protect clients of offshore companies created by compatriots, but the prospects for considering such cases remain very vague. As a general principle, any legal entity

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

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

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

Disputes concerning intellectual property may be fully referred to Commercial (‘Arbitration’) Courts, which, according to experts, will benefit business. Today, lawsuits related to the circulation of a range of intellectual property are considered by Courts of General Jurisdiction (CGJ) and Commercial (‘Arbitration’) Courts. In the former case, these are disputes between individuals, while in the

The current political and economic uncertainty has led to foreign companies and private owners that are non-residents of the Russian Federation, when disposing of a business in Russia to Russian management or investors, being interested in ensuring the possibility of repurchasing the shares they have disposed of in the companies. In this regard, in the

Authorities can seize land from private owners in the interests of the state. At the same time, challenging the seizure itself is practically useless: the owner in court can only effectively argue about the amount of compensation. RBC Pro selected the most interesting cases on this topic. In Astrakhan in 2020, during the resettlement of

The Court for Intellectual Rights did not uphold the complaint of J. J. Whitley Distillery LLC from Kingisepp against the decision of Rospatent, in the spring this year, which denied the plaintiff exclusive rights to the appellation of origin of goods (APO) “Russian vodka”. The company required this designation to sell J. J. Whitley Artisanal