News

Russia introduces law on anonymised datasets

On 8 August 2024, the President of the Russian Federation signed a law that creates a mechanism for the formation of anonymised datasets from 1 September 2025.

Russia increases court fees

On 8 August 2024, a law increasing court hearing fees was adopted. This is the first significant indexation of court fees in more than a decade. Our team prepared an overview of the most significant changes.

Moratorium on the compulsory repatriation (return) of funds: the judicial authorities’ position over the two years of the moratorium

In exercising their powers, the administrative authorities closely monitor the application of and compliance with the currency control regulations, including the provisions of the Presidential Decrees imposing additional temporary measures of an economic nature.

Regulation of parallel imports in 2024

Regulation of parallel imports was initially aimed at protecting the interests of rightholders and for a long time remained an important tool for intellectual property protection. However, recently its role changed significantly.

EU adopts 14th package of sanctions against Russia

On 24 June 2024, legal acts formalising the 14th package of restrictive measures (sanctions) of the European Union were published and entered into force.

Russia adopts law establishing administrative liability for violations of laws on economically significant organisations

On 22 June 2024, Federal Law No. 152-FZ “On Amending to the Code of Administrative Offences of the Russian Federation” entered into force, which establishes administrative liability for violations of the laws on so-called economically significant organisations.

New US sanctions affect the Russian financial sector, IT services and a number of Russian and foreign entities

On 12 June 2024, the US Treasury and State Departments announced new sanctions affecting the financial sector, IT services and a number of Russian and foreign entities.

Russian Central Bank determines limit on number and volume of transactions under Decree No. 138

On 7 June 2024, the Board of Directors of the Central Bank of the Russian Federation adopted a decision to determine the maximum number and volume of subsequent transactions (operations) in accordance with Presidential Decree No. 138 of 3 March 2023 “On Additional Temporary Measures of an Economic Nature related to the Circulation of Securities.”

Russian Ministry of Finance introduces package of draft laws to Russian Government aimed at improving the tax system

The Ministry of Finance of Russia introduced a package of draft laws to the Government of the Russian Federation including a number of significant amendments to the Tax Code, as well as to the Budget Code and the Budget Law in relation to 2024 and the planned period of 2025 and 2026. The draft laws are expected to be passed by the State Duma in its current session and will enter into force on 1 January 2025.

New restrictions on IP deals involving foreign rightholders

Our team prepared a detailed overview of the new presidential decree “On the Temporary Procedure for Acquiring Exclusive Rights of Certain Rightholders and Delivering on Monetary Obligations towards Certain Foreign Creditors and their Controlled Persons,” largely amends the regulation and procedure of IP deals.

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