Bryan Cave Leighton Paisner has advised PJSC RusHydro on the sale of a 90% shareholding in JSC International Energy Corporation to OJSC Hrazdan Power Company. As part of the transaction, OJSC refinanced MEK’s debt obligations to the EBRD and the Asian Development Bank.

Kachkin & Partners has successfully defended the interests of the Mamoshin Architectural Workshop in a dispute over the creation of a new stage at the Maly Drama Theater in St. Petersburg.

During his national address on 2 April, President Putin announced his decision to prolong the initial non-working days from 4 April to 30 April 2020 inclusive in order to fight against the spread of COVID-19. He signed a new Executive Order providing for this.

The Covid-19 pandemic has created new legal challenges for many businesses worldwide. However, certain aspects of privacy law still have to be complied with, despite the difficult situation in the market. This poses additional challenges to businesses struggling in the new, rapidly changing environment. Recently, the Russian data protection authority (Roskomnadzor) clarified how employers could monitor the health status of their employees in compliance with Russian privacy law.

On 1 April 2020, Federal Laws No. 98-FZ, 99-FZ and 100-FZ came into force in connection with the spread of COVID-19, the disease caused by the coronavirus.

“The Russian Government has been very active in addressing concerns of business regarding inadequate regulatory control that has been increasing over last years,” says Andrey Ryabinin, Partner at Integrites in Moscow. “Several declarations have been made in this respect. As part of the reform known as 'regulatory guillotine' the Government is expected to eliminate in 2020-2021 several thousand outdated and excessive regulations in various industries regarding technical standards and requirements in business practice, most of which date back all the way to the Soviet times.”

Under Russian civil law, a legal entity is relieved from liability for failure to fulfil an obligation if such failure is caused by extraordinary and inevitable circumstances (i.e. force majeure circumstances).

Due to the spread of COVID-19 the Russian Ministry of Labor and Social Protection and the Mayor of Moscow recommended all employers to switch to home office work where it is possible.

The Moscow office of Clifford Chance has formed part of a multi-jurisdictional team helping GE obtain US and global merger clearance in connection with the USD 21.4 billion sale of its BioPharma business to Danaher.

On 26 March 2020, a Federal Law came into force allowing the Russian government to set maximum prices for any medicines and medical devices for up to 90 days in case of an emergency or the threat of the spread of dangerous diseases (including COVID-19).

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.

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.

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.

As of 19 March 2020.

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.

Sweden's Per Magnusson, the co-founder of the Magnusson law firm, which has offices in seven countries — including four in CEE — has left the firm to launch an advisory business in Stockholm.

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.

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.