News & Analysis as of

Ukraine’s Energy Efficiency Fund

Efficiency dilemma In common with other post Soviet countries, Ukraine suffers from very low energy efficiency and a high level of energy consumption in its economy. Key primary sources of energy are coal and natural gas...more

Amendments to real estate legislation for the third quarter of 2016

Amendments to federal laws - Changes to the RF Town-Planning Code - In the summer of 2016, roughly a dozen federal laws were adopted to amend the RF Town-Planning Code (RF TPC).1 The main changes of significance to...more

Countries at a Glance: Russia: Employee Stock Purchase Plans

EMPLOYEE STOCK PURCHASE PLANS - EMPLOYEE STOCK PURCHASE PLANS: EMPLOYMENT - Labor Concerns - Russian labor laws should not generally impact purchase plans so long as participation in the Plan is not considered...more

Trade & Manufacturing - October 2016

What the Next President Should Do About U.S. Manufacturing - Top industry executives, political leaders, small business and trade union leaders, researchers and policymakers are offering a blueprint for maintaining the...more

Trade & Manufacturing - News of Note - October 2016

The WTO Opens Its Doors for the 15th Annual Public Forum - For the fifteenth time, the World Trade Organization (WTO) hosted its annual Public Forum in Geneva to provide a platform for an exchange of views among...more

Your Daily Dose of Financial News

Holding companies appear to be an important new feature of the “living will” revisions the big banks have been making in an effort to appease the Fed and FDIC’s efforts to stamp out “too big to fail” entities. The idea is for...more

International focus - Taking security over real estate in the Commonwealth of Independent States

For better or worse, we live in an increasingly globalised world. And in the lifetime of many businesses, there comes a time when they need to expand into new markets in foreign lands. Rather than taking the well-trodden road...more

Energy Newsletter - October 2016

Negotiating an In-Project Construction Dispute - Many thorny and competing interests are implicated when an ongoing major construction project experiences an unanticipated event that impacts the project schedule or...more

Development of the practice of determining market price for tax purposes in arm’s-length transactions

On 1 August 2016 the Commercial Court of the Republic of Tatarstan delivered a decision in case No. ?65-2248/2016 (the “Decision”) under the claim of A1-Nedvizhimost Limited Liability Company (the “Company”)....more

Development of court practice on tax disputes related to provision of rebates to customers

On 20 September 2016 the Commercial Court of Moscow delivered a decision in case No. ?40-13165/16-107-106....more

US Officially Blames Russia For DNC Hack

The United States (US) Department of Homeland Security (DHS) and Office of the Director of National Intelligence (ODNI) issued a joint statement on Friday, October 7, 2016, publicly stating for the first time that the US...more

Supreme Court Denies Cert To Review 2d Cir. Stoli Decision

The Supreme Court denied review of the 2d Circuit decision on the Stolichnaya trademark....more

Russia Tightens Procurement Rules for Foreign Equipment

As of September 30, Russian state authorities now reject tender submissions for supply of certain foreign electronic equipment if there are two concurrent submissions for supply of locally produced equipment. The ban applies...more

Red Notice Newsletter - September 2016

Former CEO of Harris Corporation’s Chinese Subsidiary Pays $46,000 to Settle Alleged FCPA Violations; No Charges for Company - On September 13, 2016, the Securities and Exchange Commission (SEC) issued a...more

Changes to Russian Labor Law Affect Payments to Employees

A number of significant amendments to Russian labor legislation entered into force on October 3, 2016. The amendments were introduced by Federal Law No.272-FZ “On Introducing Amendments to Certain Legislative Acts of the...more

More obligations for companies - don't miss out

Starting October 1, 2016, new data should be entered in the Unified Federal Register of Information about Facts of Activities of Legal Entities - We remind you that Article 7.1 of Federal Law No. 129-FZ On State...more

Real Estate Gazette - Issue 25: Focus on distressed assets

A very warm welcome to Issue 25 of DLA Piper’s Real Estate Gazette. The global real estate market is currently operating against a backdrop of economic uncertainty. Brexit, immigration and presidential elections in the US...more

Top Ten International Anti-Corruption Developments for August 2016

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

Hackers Post Athletes’ Medical and Drug Testing Records Online

Hacking group Fancy Bear, reportedly a Russian group, who allegedly hacked into the Democratic National Committee emails which made headlines, has posted U.S. Olympians’ medical and drug testing records online. Although it...more

Restitution Legislation: HEAR Act and Foreign Cultural Exchange Jurisdictional Clarification Act Move Forward

Two restitution related bills have advanced past the Judiciary Committee of the United States Senate: the Holocaust Expropriated Art Act (S.B. 2763, the HEAR Act), and the Foreign Cultural Exchange Jurisdictional...more

Russian Legislation Update: 18 July – 4 September 2016

Welcome to the most recent issue of our Russian Legislation Update, covering the period of 18 July – 4 September 2016. In this issue: - Corporate - Banking - Anti-Money Laundering - Subsoil - Public-private...more

WTO Panel Report: Russia – Pigs (EU)

Decision: A WTO Panel has ruled that the Russian Federation violated its WTO obligations by imposing an EU-wide ban on live pigs and pork products, in breach of the food safety rules of the WTO Agreement on the...more

Secured creditors may vote during receivership upon reduction of secured claims

On 25 July 2016, the White & Case team obtained, at the Supreme Court of the Russian Federation (the "Supreme Court"), a declaration that a secured creditor has the right to reduce, at its discretion, the amount of a secured...more

Regulator Issues Report On Russia’s Data Localization Rules

On September 1, 2016, Russia’s Federal Service for Supervision in the Sphere of Connection, Informational Technologies and Mass Communications (“Roskomnadzor”) issued a report summarizing the results of implementation and...more

2016 Mid-Year Global Cartel Enforcement Report

Cartel enforcement activity promises to remain busy In the coming months and into 2017 Cartel enforcement remains a priority for competition authorities around the world. Global cartel fines totaled more than $6...more

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