This overview summarises the recent amendments to the Russian Commercial Procedure Code (“Commercial Procedure Code”) relating to disputes involving sanctioned persons. The new law, which comes into effect on 19 June 2020,...more
This summary is intended to help clients navigate the large number of legal measures taken expeditiously by the Russian authorities in connection with the spread of COVID-19. The summary is not exhaustive. It includes only...more
6/2/2020
/ Banking Sector ,
Contact Tracing ,
Coronavirus/COVID-19 ,
Exports ,
Financial Assistance Policies ,
Imports ,
Insolvency ,
Life Sciences ,
Medical Devices ,
Moratorium ,
Non-Essential Businesses ,
Operators of Essential Services ,
Publicly-Traded Companies ,
Quarantine ,
Re-Opening Guidelines ,
Russia ,
Social Distancing ,
State of Emergency ,
Subsidies ,
Tax Relief ,
Temporary Regulations ,
Trade Policy ,
Workplace Safety
Amendments to Article 9.1 of the Insolvency Law ("Law 149-FZ") came into effect on 24 April 2020. The amendments provide that the benefit of the insolvency filing moratorium can be waived (the "moratorium waiver"). In...more
This summary is intended to help navigate a large number of legal measures taken by the Russian authorities in connection with COVID-19. The review is not exhaustive. We plan to periodically update this document as new...more
5/8/2020
/ Constitutional Amendment ,
Coronavirus/COVID-19 ,
Debit Cards ,
Employer Responsibilities ,
Financial Assistance Policies ,
Health Care Providers ,
Medical Devices ,
Paid Leave ,
Personal Protective Equipment ,
Relief Measures ,
Russia ,
Sanctions ,
Sick Leave ,
Social Distancing ,
Sustainable Finance ,
Tax Relief
The Russian Government has introduced a moratorium on the filing of insolvency claims (the "moratorium") from 6 April through 6 October 2020. This will have important legal consequences both for the persons covered by it...more
4/21/2020
/ Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Creditors ,
Debtors ,
Financial Distress ,
Insolvency ,
Limitation Periods ,
Moratorium ,
Relief Measures ,
Russia ,
Waivers
The spread of the coronavirus infection (2019-nCoV) is causing parties to consider the need to amend or cancel their contracts. They will also likely be giving thought to the allocation of liability and expenses in connection...more