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New Russian Presidential Decree Further Restricts Sales of Certain Russian Companies

Under the Decree, transactions resulting in the establishment, change, termination or encumbrance (directly or indirectly) of rights with respect to securities of certain Russian legal entities; shares (participatory...more

Further Measures Adopted by Russia in Response to Sanctions

Russia continues to introduce restrictive and other measures following the imposition of sanctions by the USA, EU, UK and other countries on Russia....more

Russia Imposes a Series of Measures and Countermeasures to Address the Economic Impact of Sanctions

In response to the economic sanctions and export controls imposed on Russia by the US, EU, UK and other major economies, Russia imposed measures and countermeasures....more

Russia Streamlines Procedures for Approval of Certain Strategic Investments in Russia

In an effort to reduce bureaucratic procedures and address deficiencies in Russian law with regard to strategic investments by foreign entities in Russia, amendments to Federal Law No. 57-FZ “On Procedures for Foreign...more

Russian Laws Advance Framework for the Use and Regulation of Digital Financial Assets and Currency

In January 2021, Federal Law No. 259-FZ “On Digital Finance Assets, Digital Currency and on Introduction of Changes to Separate Legal Acts of the Russian Federation” (the “Digital Law”) came into force becoming one of the...more

COVID-19: Back to Work: Guidelines for Russian Employers

As of May 12, 2020, the period of so-called "non-working days" established by Presidential Decrees No. 206, dated March 25, No. 239, dated April 2, and No. 294, dated April 28 in Russia officially ended. Although most of the...more

Non-working Days Extended Until April 30 While the Mayor of Moscow Issues Further Restrictions

On April 2, 2020, President Putin issued an order (Order “On Measures to Ensure Sanitary and Epidemiological Safety of the Population”) which extended the period of non-working days until April 30, 2020 in an effort to combat...more

The Russian Government Provides Further Clarity to its COVID-19 Coronavirus-Related Measures

On March 25, to help prevent the further spread of COVID-19, President Putin announced that March 30 through April 3, 2020 would be paid “non-working days” for employees (Presidential Order No. 206 “On Declaring Non-Working...more

Russia Extends Coronavirus-Related Protective Measures: Impact on Employers and Employees

On March 25, 2020, President Putin signed the Order “On Declaring Non-Working Days in the Russian Federation” (the Order), which states that March 30th through April 3rd, 2020 will be paid “non-working days” for employees.The...more

Upper House of Russian Parliament Passes Counter-Sanctions Bill

The upper house of the Russian Parliament, the Federation Council, approved a draft law on counter-sanctions (the “Counter-Sanctions Law”) on May 30, 2018, which appears to be identical to the version adopted by the Duma last...more

Russian Legislature Makes Way For Counter Sanctions Legislation

Second Draft Somewhat Softens Previous Provisions Widely Reported In Media - In response to the most recent round of U.S. sanctions against Russian entities and individuals, which were arguably the most profound in terms of...more

Russia Passes Measures to Restrict the Use of VPNs and Similar Technology

Russian President Vladimir Putin has recently signed into law certain amendments to Federal Law No.149-FZ on Information, Information Technologies and Protection of Information (the “IT Law”). The measures introduced by Law...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

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

Discover (or rediscover) Russian employment law - Your questions, our answers

Is Russian employment law a codification of rules? Yes. Is Russian employment law protective of employees? Yes. Is Russian employment law complex? Certainly. However, we would like to note that Russian employment law...more

Global Private Equity Newsletter - Spring 2016 Edition: Russian Competition Law Update: Impact on M&A and Joint Ventures in Russia

A new version of the Russian Competition Law amended by the so-called ‘fourth antimonopoly package’ (the “275 Law”) came into effect on January 5, 2016 (except for certain minor provisions with an earlier effective date). The...more

Fourth Antimonopoly Package: Impact on M&A and Joint Ventures in Russia

A new version of the Russian Competition Law amended by the so-called ‘fourth antimonopoly package’ (the “275 Law”) came into effect on January 5, 2016 (except for certain provisions). The 275 Law includes long-expected...more

Important Updates Concerning the Accreditation Procedure for Branches/ROs of Foreign Companies in Russia

The procedure for the accreditation of branches/representative offices of foreign companies (“Branches/ROs”) in Russia, as well as for obtaining the personal accreditation of foreign employees of such Branches/ROs, was...more

Russia: Citizens with Dual Citizenship Have to Inform Migration Services of Their Second Citizenship

As of August 4, 2014, citizens with dual citizenship have to inform Migration Services of their second citizenship. Criminal liability for non-compliance with the requirements is fee from RUB 200,000 or compulsory community...more

9/23/2014  /  Citizenship , Dual Citizenship , Russia

Russia: Remuneration System of the Bank Employees Is on Its Way to Rehabilitation

The RF Central Bank reconsidered the remuneration system of bank employees such that their remunerations will depend on the financial results of the bank’s activity. The RF Central Bank instruction No. 154-? (the...more

9/22/2014  /  Banks , Remuneration , Russia

Russia: Focusing on New Requirements for Workplace Conditions

Special assessment of workplaces - In an effort to improve worksite safety conditions, a new procedure for assessing labor conditions has been established by the Federal Law No. 426-FZ "On Special Assessment of...more

Russia: Secondment is beyond the Law?

Prior to 2014, secondment arrangements had not been clearly regulated by either Russian labor or civil law, with many Russian companies operating under the pretense that as long as it is not forbidden, it might as well be...more

9/19/2014  /  Labor Code , Russia , Tax Code

Russia: Reining in the Compensations

The RF Labor Code was amended to address certain issues regarding compensation, including with respect to golden parachutes for state companies' employees, which are now subject to various limits....more

Russian Joint Stock Companies Will be Required to Have a Professional Registrar Starting from October 2014

By October 2, 2014, all Russian joint stock companies (both open joint stock companies and closed joint stock companies) that maintain their own shareholder registers must transfer their registers to professional registrars. ...more

Russia’s Imposition of Russian Law in Crimea: What Does This Mean for Companies Operating in Crimea and How Can Investors Protect...

Against the backdrop of a rapidly evolving domestic and international legal landscape in Ukraine, this OnPoint focuses on the practical steps that companies operating in Crimea may consider taking in view of the legal...more

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