Russian Legislation Update - July 29 through September 1 2013


In This Issue:

- Securities

- Banking

- Currency Control

- Intellectual Property

- Concessions

- State Secrets

- Privatization

- Advertising

- Court Practice: Company’s address of registration

- Excerpt from Advertising:

On 13 June 2013 the Federal Antimonopoly Service (the “FAS”) issued Letter No. AK/22976/13 “On Considering SMS-messages from Communications Operator an Advertisement.”

According to the Advertising Law and the Resolution of the Plenary Session of the Supreme Commercial Court No. 58 dated 8 October 2012 “On Certain Issues in Connection with the Application of the Federal Law “On Advertising” by Commercial Courts” (see our Special Alert for February 2013), distribution of advertising is allowed only with the subscriber’s prior consent. The FAS has now clarified when information about the services of the communications provider rendered under the contract with the subscriber constitutes advertising. Thus, for the purposes of the Letter, the services are nominally divided into “basic” and optional. The distribution of information about “basic” services is notadvertising, while the distribution of information about optional services is.

Please see full newsletter below for more information.

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Topics:  Advertising, Banks, Foreign Banks, Foreign Currency, Privatization, Russia, Securities

Published In: Antitrust & Trade Regulation Updates, Communications & Media Updates, Finance & Banking Updates, Intellectual Property Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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