CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Climate change and sustainability have become trending issues in Russia with the government encouraging “green” projects. The Russian authorities have been steadily implementing legal acts confirming Russia’s commitment to high standards of energy efficiency and setting out practical steps to be undertaken to achieve these. In this article we summarize the most notable developments and most anticipated legal acts in the sphere.
Russia's Rodin & Partners has been appointed to PAO Sberbank's legal panel for administrative disputes and litigation, as well as public-private partnership projects.
Egorov Puginsky Afanasiev & Partners and Eversheds Sutherland have successfully protected the patent rights of Bayer in appellate proceedings before the Intellectual Property Court in Russia.
Egorov Puginsky Afanasiev & Partners has helped The Chatterjee Group and Rhone Capital obtain approval from the Federal Antimonopoly Service of Russia for their acquisition of Lummus Technology from McDermott International.
The Stada Group has hired Timur Khasanov – Batirov in the role of Head of Compliance for Russia and the CIS Region.
The St. Petersburg office of Dentons has advised Power Machines on the reform of its intellectual property management system.
A bill* that expands the application of sanctions by the Russian Federation and specifies the procedure for their application has been submitted to the Russian State Duma.
Egorov Puginsky Afanasiev & Partners has successfully represented Finland's Fortum energy company before the Russian government's commission on foreign investments and before Russia's competition authority with regard to the company's acquisition of a majority stake in Germany's Uniper.
Although, unlike the GDPR, Russia’s Personal Data Law does not clearly distinguish the concepts of data controller and data processor, there is a draft amendment to Russia’s law which, if adopted, would introduce these concepts.
Hogan Lovells has advised coordinating mandated lead manager ING Bank N.V. and mandated lead arrangers Credit Agricole Corporate and Investment Bank, NATIXIS, SGBTCI, AO Raiffeisenbank, Bank of America Merrill Lynch International Designated Activity Company, Mizuho Bank, Ltd., Deutsche Bank AG, London Branch, Bank ICBC (JSC), UniCredit S.p.A., and Intesa Sanpaolo Bank Ireland Plc on a EUR 600 million revolving loan facility agreement with Russia-based steel producer NLMK.
White & Case has advised VTB Bank and a consortium of investors on the RUB 132 billion sale of a 55% stake in Tele2 Russia to Russia's Rostelecom, and on the acquisition of an approximately 29% stake in Rostelecom.
From 1 January 2021, foreign nationals will be able* to enter Russia with electronic visas at border control posts to be specified by the Russian government in a separate document.
Baker McKenzie has advised audio streaming service Spotify on its launch in 13 new markets — Albania, Belarus, Bosnia & Herzegovina, Croatia, Kazakhstan, Kosovo, Moldova, Montenegro, North Macedonia, Russia, Serbia, Slovenia, and Ukraine — giving it a presence in 92 markets worldwide.
Amendments* to the Labour Code of the Russian Federation regarding severance pay will come into force on 13 August 2020.
Former Egorov, Puginski, Afanasiev & Partners Partner Tatyana Nozhkina has joined ZKS Attorneys.
White & Case has advised the Moscow Exchange, Russia's largest securities exchange group, on its acquisition of a 17% stake in BierbaumPro AG and the right to acquire the rest from unidentified sellers.
On 20 July 2020, laws governing the activities of financial marketplaces came into force, namely, Federal Law* No. 211-FZ “On Concluding Financial Transactions Using a Financial Platform” dated 20 July 2020 and Federal Law* No. 212-FZ “On Amendments to Certain Legislative Acts of the Russian Federation Concerning the Conclusion of Financial Transactions Using a Financial Platform” dated 20 July 2020 (the “Laws”).
Bryan Cave Leighton Paisner has helped the PSA Group obtain Russian antitrust clearance for its merger with Fiat Chrysler Automobiles.
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
