Vadim Panin and Evgeny Yuriev have been promoted to Partner at Herbert Smith Freehills in Russia.
Clifford Chance Advises Far East and Arctic Development Fund on RUB 5.7 Billion Facility for Polymetal
Clifford Chance has advised the Russian Far East and Arctic Development Fund on a loan of RUB 5.7 billion (approximately USD 80 million) for the Amur hydrometallurgical plant, a subsidiary of Polymetal.
White & Case Advises Alliance Oil on Tender Offer and Consent Solicitation
White & Case has advised Alliance Oil Company Ltd. on a tender offer and consent solicitation in respect of its USD 500 million 7.000% Guaranteed Notes due 2020.
Russia: Compulsory Licenses for Patent Rights to Pharmaceuticals in Russia
The issue of compulsory licenses for patent rights to pharmaceuticals is becoming more and more controversial in Russia, due to the growing number of important court rulings involving compulsory licenses affecting leaders of the pharma industry over the last few years.
Vegas Lex Twice Successful for Alium
Vegas Lex has won what it calls "two crushing victories" in the Arbitration Court of the North-Western District in the interests of pharmaceutical company Alium in disputes related to the construction contract of a large pharmaceutical plant.
Russia's BGP Litigation Launches Family Law Practice
BGP Litigation has announces the opening of a Family Law practice.
Liniya Prava Helps VTB Group Attract Investors to Demeter Holding
Liniya Prava has helped the VTB Group attract investors to Demeter Holding.
Russia Approves Rules for Online Sale of OTC Drugs
The Russian government has approved the rules* for selling over-the-counter (OTC) drugs online.
Debevoise & Plimpton Advising TMK on Share Repurchase Programme and GDR Delisting
Debevoise & Plimpton is advising PAO TMK, a producer of tubular products for the oil and gas industry, on the repurchase of its regular shares by subsidiary Volzhsky Pipe Plant JSC, and on the prospective delisting of TMK’s global depositary receipts from the London Stock Exchange.
Three Lawyers Promoted to Partner at Gorodissky & Partners
Gorodissky & Partners lawyers Sergey Vasiliev, Valentin Kirilov, and Elizaveta Popova have joined the firm's partnership.
Russia Takes a Step in the Development of Insurtech
In late April 2020, the ban was lifted on the provision of services related to the conclusion of insurance contracts in electronic form by insurance agents and brokers.
Akin Gump and Clifford Chance Advise on Lukoil's USD 1.5 Billion Eurobond Offering
Akin Gump has advised PJSC Lukoil on its issuance of USD 1.5 billion Eurobonds listed on the Main Market of the London Stock Exchange. Clifford Chance advised joint lead managers Citigroup, Societe Generale CIB, and Bank GPB International S.A. (Gazprombank).
Information on Contractual Restrictions Can Now Be Published on Fedresurs.Ru
On 1 April 2020, amendments* came into force allowing Russian legal entities and individual entrepreneurs to enter additional information about themselves on the Fedresurs* website, as well as information relating to individual terms of contracts they enter into.
Bryan Cave Leighton Paisner and TA Legal Consulting Advise on Mobile Payment Partnership in Russia and Armenia
Bryan Cave Leighton Paisner has advised PJSC Sovcombank and Mobile Payments LLC on their entrance into a partnership with IDRAM LLC and IDBank CJSC, which were advised by TA Legal Consulting.
Russia Introduces Protection of Geographical Indications
As of 27 July 2020, geographical indications on products will be protected in Russia. It will be possible to register them with the Federal Service for Intellectual Property (Rospatent). These changes are the result of the entry into force of recent amendments to the Russian Civil Code.
Alrud and Monastyrsky, Zyuba, Stepanov & Partners Advise on Mechel Group's Sale of 51% of Elga Coal Project
Alrud has advised the Mechel Group on the sale of its 51% participatory interest in the companies which operate the Elga coalfield project in Russia to A-Property. Monastyrsky, Zyuba, Stepanov & Partners advised A-Property on the deal, which was valued at RUB 89 billion.
Russian Trademark Office Remains Operational, but Certain Deadlines Will be Extended
Starting in March 2020, Rospatent implemented Covid-19 pandemic containment measures in line with the high-alert regime adopted by the authorities. In particular, new rules were established for handling communication with applicants during the obligatory self-isolation period, such as a ban on accepting paper-based applications and other measures restricting direct communication.
Russian Supreme Court’s COVID-19 Case Law Review
On 21 April 2020, the Russian Supreme Court clarified in an official Review certain issues of judicial practice related to the application of legislation in the context of measures to combat the spread of COVID-19 and more specifically in relation to: