DLA Piper has advised Russian network solutions provider Brain4Net's major shareholder Typhoon Digital Development on the sale of a majority stake in the company to global cybersecurity and digital privacy company Kaspersky. Baker McKenzie advised Kaspersky.
Investors planning construction or reconstruction in St. Petersburg must consider the strict restrictions of Russian and international legislation for the protection of cultural heritage sites. These restrictions can roughly be divided into two levels: (1) those stipulated by Russian legislation for the protection of cultural heritage sites and (2) those stipulated by UNESCO legislation.
Radovanovic Stojanovic & Partners and Cerha Hempel have advised AIK Banka, Gorenjska Banka, and Agri Europe Cyprus on their acquisition of Sberbank Europe’s shares in six CEE banks. Noerr advised the buyers on Hungarian law, while Maric & Co, Zuric and Partners, Tos & Partners, and Egorov Puginsky Afanasiev & Partners reportedly advised the buyers on Bosnian, Croatian, Slovenian, and Russian matters, respectively.
Despite the severe damage inflicted by COVID-19 on the Russian economy, the government and businesses have agreed that the local IT sector needs state incentives and support. Calls for accelerated development and state support for the local IT sector were among the main messages of several state agencies when the Russian president and government announced a series of tax benefits for the IT industry.