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In June of this year Russia adopted a law giving the Russian President broad authorization to retaliate for foreign sanctions. The Russian parliament is also currently considering a bill that would criminalize compliance with U.S. and other foreign sanctions against Russian parties. While the practical impact of the additional authorization for the President is unclear, criminalization of compliance with foreign sanctions may have serious negative repercussions for U.S. and European businesses operating in Russia or having other Russian exposure.

Throughout my career, the only predictable feature of the Russian market has been its unpredictability. Given what has happened in Russia in the first months of 2018, it would appear that foretelling the future is not about to get any easier.

Vera Kolesnik is Nestle’s Legal Director for Russia and Eurasia. Before joining Nestle in 2007 she worked for four years at Ernst & Young and for five years at the Institute of State and Law at the Russian Academy of Science.

The Pepeliaev Group has announced the opening of its own office in Vladivostok, led by Natalya Prisekina, who joins the firm as a Partner.

White & Case has announced that Nikolay Feoktistov in Moscow and Tomas Jine in Prague will be made Partner as part of the firm's global promotion round, which includes a total of 41 lawyers around the world. The promotions will become effective on January 1, 2019.

The announcement that the retirement age in Russia for both men and women will increase – from 60 to 65 for men by 2028 and from 55 to 60 for women by 2028 – have led to quite an outcry, says Stefan Weber, Head of Noerr’s Moscow Office, including recent demonstrations by thousands of protesters across the country.

Russian Knowledge Partner

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.

Firm's website: www.epam.ru


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