Tue, Mar
62 New Articles

In accordance with an Executive Order of the Russian President, from 30 March to 3 April 2020 employees in Russia will have fully paid days off as part of measures to keep employees at home and prevent the spread of the coronavirus.

Read more: Employees in Russia to be Mandatorily Off Work from 30 March to 3 April

During an address to the nation on 25 March, Russian President Vladimir Putin announced anti-crisis measures to support Russian businesses and individuals and to find ways to replenish the state budget. The measures applicable to taxation are described below.

Read more: Russian President Announces Radical Tax Measures

Stetom, the recently rebranded firm previously doing business as Sterbatomashvaskaya, has advised Skoda Transportation on its entrance into a joint venture with Sinara-Transport Machines. The joint venture company, Sinara-Skoda, will be based in St. Petersburg, and will produce trams, trolleybuses and subway kits for the Russian market.

Read more: Stetom Advises Skoda Transportation on Joint Venture with Sinara Group in Russia

Ilya Rybalkin, Head of Dispute Resolution at Rybalkin, Gortsunyan & Partners has become a member of the Scientific Advisory Board on International Law under the Ministry of Justice of the Russian Federation.

Read more: Ilya Rybalkin Appointed to Scientific Advisory Board on International Law

Linklaters has advised Sovcombank as arranger on the RUB 5.7 billion domestic green project bonds issued by an orphan special purpose vehicle, SFO RuSol 1 LLC, for the purpose of financing two solar stations of Solar Systems LLC in the Astrakhan region of Russia. Bryan Cave Leighton Paisner reportedly advised the issuer.

Read more: Linklaters and Bryan Cave Leighton Paisner Advise on Sovcombank's Pilot Domestic Green Project...

Integrites Advises MUFG, Citi, Credit Agricole, and Societe Generale on Financing for Trafigura Acquisition

Integrites and Switzerland's HFW law firm have advised MUFG Bank and a syndicate of lending banks including Citi, Credit Agricole, and Societe Generale on a limited recourse term loan to finance Trafigura’s acquisition of copper cathodes from the Swiss trading arm of the Russian mining group Norilsk Nickel.

Read more: Integrites Advises MUFG, Citi, Credit Agricole, and Societe Generale on Financing for Trafigura...

Rybalkin, Gortsunyan & Partners Advises AEON on Sale of Stake in Petropavlovsk PLC

Rybalkin, Gortsunyan & Partners and Macfarlanes have advised AEON Corporation on its sale of a 28.34% stake in Petropavlovsk Plc to the Yuzhuralzoloto Group.

Read more: Rybalkin, Gortsunyan & Partners Advises AEON on Sale of Stake in Petropavlovsk PLC

Although not specifically related to Russia, the agreement by the Office of Foreign Assets Control (OFAC) between it and the Apollo Aviation Group (Apollo) on the monetary compensation for the settlement of violations by Apollo of the Sudanese Sanctions Regulations that was announced on November, 7 2019, affects the aircraft leasing sector worldwide.

Read more: Aircraft Leasing and Sanctions: Know Your Risks

Scott Senecal is an American lawyer with Cleary Gottlieb Steen & Hamilton in Moscow. His practice focuses on financial and corporate law, and he has extensive experience in mergers and acquisitions, capital market transactions, and syndicated loans.

Read more: Expat on the Market: Interview with Scott Senecal of Cleary Gottlieb Steen & Hamilton

Sanctions imposed by the U.S.A, the EU, and other jurisdictions in relation to certain Russian individuals and legal entities have had a substantial impact on international arbitration involving Russian parties. There exist serious concerns as to the ability of sanctioned Russian parties and their contractual counterparts to realize their right to defend themselves in the course of arbitration proceedings. These concerns have led to changes in market practice regarding the choice of the arbitration forum and to some legislative proposals in Russia that, if implemented, would have a dramatic impact on international arbitration involving Russian parties.

Read more: Russia Reacts: Impact of Sanctions on International Arbitration Involving Russian Parties

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

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