Russian Legislation Update - July 29 through September 1 2013

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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.

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