On 27 May 2022, the Russian President adopted Decree No. 322 “On the temporary procedure for the performance of obligations to certain creditors” (“Decree”). According to the Decree, Russian persons (comprising the Russian state, regional state authorities, municipalities and Russian residents) are instructed to make payments for the use of intellectual property to foreign IP right holders (including penalties, fines and other payments) by transferring funds in rubles to a special O-type bank account opened…
On May 6, 2022, the Russian Ministry of Industry and Trade has set the list of products and product categories for which parallel imports into Russia are allowed (“List”). The List was adopted in implementation of Russian Government Resolution No. 506 of March 29, 2022, which allows the importation into Russia of genuine products put on the market by or with the consent of trademark owners elsewhere in the world and which tasked the Ministry…
In this uncertain time, some global companies are announcing that they are “leaving Russia.” What does it mean to “leave Russia,” and what are the data privacy implications of doing so? Setting aside the broader business, political, and other legal considerations, the following are some initial thoughts on these challenging and rapidly developing data privacy issues. What does it mean for a global company to “leave Russia”? The specifics of the answer to this question…
The Russian Parliament is expected to shortly adopt a draft bill that is now reported in the Russian media as the “law on nationalization”. We expect this draft bill to become law by the end of this week. The key highlights are the following: The draft law introduces the regime of external administration in a Russian company that the court may establish at the request of a board member or the state authorities. By intent,…