Insights | Denuo

Draft law on turnover-based fines and criminal liability for personal data leaks passed in second and third readings at once

On 26 November 2024, the draft law on turnover-based fines for personal data leaks (“Amendments to the Administrative Offences Code”) and the draft law on criminal liability for personal data leaks (“Amendments to the Criminal Code”) were passed in the second and third readings at once.

New rules in regulating the status of qualified and non-qualified investors

The Bank of Russia has expanded the list of securities and derivatives available only to qualified investors. The new rules will enter into force on 1 January 2025.

Review of US Sanctions of 21 November 2024

On 21 November 2024, the US Department of the Treasury announced a significant expansion of blocking sanctions on the Russian financial sector, released a sanctions risk alert for foreign financial institutions using the Russian equivalent of SWIFT, and issued four General Licenses authorizing certain transactions.

20 / 11 / 2410:00 msk

Tactics of protecting employers’ interests in conflict situations. Current trends in labour disputes

Denuo advises purchaser on obtaining regulatory approval for acquisition of Progress shares

Denuo has advised the purchaser on obtaining clearance from the Federal Antimonopoly Service of Russia for the acquisition of a majority share in Progress, a leading Russian manufacturer of baby food products under the FrutoNyanya brand.

Draft law on the separate form of data processing consent

On 29 October, a draft law was adopted in its first reading on the separate form of consent to personal data processing. According to the text of the draft law, effective 1 March 2025, the consent to personal data processing will have to be drawn up separately from any other information or documents signed or accepted by the data subject.

Russia’s Ministry of Culture proposes to detail the procedure for applying the orphan works law

The Russian Ministry of Culture has prepared draft Government Resolutions intended to detail the procedure for applying the new provisions of the Russian Civil Code.

08 / 10 / 2411:30am msk

Webinar 9: Legal audit of the company’s FEA function — early identification and minimisation of risks

Rospatent increases fees

By the Resolution of the Government of the Russian Federation dated 18 September, the fees for the registration of intellectual rights and transactions therewith have been increased. In addition, the discount for electronic filing has been abolished and late payment will now incur a fee of double the amount. The changes will enter into force on 5 October 2024.

Denuo strengthens its Finance practice with appointment of Vladimir Dragunov as a partner in Moscow

Denuo announces the appointment of Vladimir Dragunov as a partner and head of Capital Markets and Structured Finance practice. Previously, he was leading the Finance practice at Baker McKenzie in Russia. Vladimir is joining Denuo’s Moscow office with his team.