Russia

News & Analysis as of

Russia: Possible Foreign Ownership Restrictions on Online Video Services

Russia is considering new restrictions on foreign ownership and control of online video services, similar to the rules recently imposed on “mass media” such as television, radio, and publications....more

“Sorry, Santa, the Kids’ Data Is Stuck In Russia!” ~ Plus LinkedIn Not Feeling the Love from Russia

LinkedIn has become the first major company to have access to its website in Russia blocked by the Russian Data Protection Authority, Roskomnadzor, following earlier Moscow Court decisions on 4 August and 10...more

Getting the Deal Through — Electricity Regulation 2017: Russia

1 Policy and law - What is the government policy and legislative framework for the electricity sector? Policy The Russian power sector underwent a programme of fundamental reform in the early 2000s involving the break-up...more

"Privacy & Cybersecurity Update - November 2016"

In this month's Privacy & Cybersecurity Update, we review an 11th Circuit case involving the longstanding battle between the FTC and medical company LabMD, recent NIST guidelines for securing devices connected to the...more

Red Notice Newsletter - November 2016

JPMorgan Resolves Enforcement Action Regarding China Subsidiary’s Hiring Practices - On November 17, 2016, JPMorgan Chase & Co. (JPMC) entered into a nonprosecution agreement with the Department of Justice (DOJ), and...more

FAS publishes new clarifications on applying the Retail Law

On 18 November 2016 the Federal Antimonopoly Service of the Russian Federation (“FAS”) published on its website the last package of clarifications this year to the amendments of the Retai Law1 (the “Clarifications”) which is...more

U.S.-Russia Business Climate Likely to Change Under Trump Presidency

Donald Trump’s election has the potential to significantly reshape U.S.-Russia relations, but whether any change occurs will depend largely on his willingness to offer Russia a clean slate and whether the U.S. Congress...more

Development of Russian court practice on tax implications when dividends are paid to foreign companies (application of the...

On 13 October 2016 the Commercial Court of Kemerovo Region delivered a judgement in case No. ?27-20527/2015 (the “Decision”) under the claim of Krasnobrodsky Yuzhny Limited Liability Company (the “Company”)....more

Post-Election Sanctions Hangover

With the results in from the U.S. presidential election, companies should begin to consider the potential impact of a Trump presidency on their international business. U.S. economic sanctions were among the hot-button issues...more

EU and UK Sanctions Update: November 2016

There have been a number of key developments in the European Union (“EU”) and United Kingdom (“UK”) sanctions regimes in relation to Russia, Syria, Iraq and numerous other jurisdictions, since our last update in July...more

National security reviews: A global perspective — Russian Federation

Russia targets 45 "strategic activities" that trigger a national review. The Government Commission on Control Over Foreign Investments in the Russian Federation (the Government Commission), which was established by the...more

Decision to Block LinkedIn in Russia Demonstrates Russian Government’s Commitment to Enforce New “Localization” Requirements for...

- Recent amendments to Russia’s data processing rules require that databases used to process personal information of Russian citizens be located in the Russian Federation, even if the data is maintained by foreign...more

LinkedIn Blocked in Russia: Privacy and Trade Law Aspect

The business networking platform LinkedIn is the first major international player to fall victim to the implementation of Russia’s “data localization” law, with effect from September 1, 2015, which requires all parties...more

Top Ten International Anti-Corruption Developments for October 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

Global Privacy and Data Protection Roundup: Fall 2016

Privacy and data protection continues to be an international patchwork of laws impacting how personal data is collected, secured, used and shared across borders, and how we contend with the misuse of information technology. ...more

Trade Compliance Issues in the New Administration, Part I: Export/Sanctions Laws

A change in administration will likely bring changes in export/sanctions laws and compliance obligations. This will include both last minute amendments by the outgoing administration and initiatives by the new President....more

In the Global Trenches: bWise Russia

Russia has certainly captured the headlines this past year, from geopolitical issues around the world to its interference in the US elections and unclear relationship with the new presidential administration. Will President...more

License fees and customs value: the deferred valuation mechanism becomes a reality

On November 1, 2016, the Collegium of the Eurasian Economic Commission introduced substantial changes to the rules for applying the procedure for deferred customs valuation of goods (Decision of the Eurasian Economic...more

"Looking Ahead: The U.S. Legal and Regulatory Environment Under a Trump Administration"

Election Day brought an end to a long period of uncertainty that caused market fluctuations and delayed business planning decisions. As we navigate the post-election landscape, many questions remain regarding the potential...more

Post-Election Outlook: A New, Unpredictable World

In a shock to investors and political analysts around the world, Donald J. Trump won the 2016 Presidential election, putting the Republican Party in charge of the White House and Congress for the first time in a decade. Even...more

Sanctions in Energy: Russia and Iran

US and EU sanctions related to Russia and Iran have a direct and targeted impact on the energy sector. The sanctions regimes against Russia and Iran differ substantially and seem to be moving in different directions. In this...more

New Administration May Change Landscape of U.S. Trade and Export Policy (IRB No. 560)

Although it is impossible to tell whether the new Trump administration will follow through on its campaign promises to alter the landscape of U.S. trade with foreign countries, businesses should realize that the new...more

Ramifications of US Election for International Sanctions

Yesterday’s election has significant implications for international sanctions, particularly with respect to Iran, Cuba, and Russia. Although we do not want to be unduly alarmist, President-elect Trump’s statements on the...more

Development of court practice on tax disputes regarding accrual of VAT in connection with transfer of inseparable improvements of...

On 3 November 2016 the Commercial Court of Moscow delivered a decision in case No. ?40 167541/16 140 1462....more

Russia: New Rules on Approvals of Certain Corporate Actions

The new rules, which take effect on 1 January 2017, will apply to both limited liability and stock companies. Russia recently changed the laws governing the approval of certain corporate actions....more

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