Changes in Russian Banking Law:
Universal Banks and Banks with a
Basic License
On 1 June 2017, the Federal Law No. 92-FZ dated 1 May 2017 came into force that, in particular, established two categories of Russian banks depending of a list of permitted operations: banks with a universal license and banks with a basic license, as well as provided for new requirements for the minimum amount of the charter capital of credit institutions.
Russia lifts several sanctions
against Turkey
The Decree No. 244 dated 31 May 2017 of the President of Russian Federation abrogated the following economic measures against Turkey
Google paid a fine for the violation of antitrust law in Russia
The trial that lasted over two years in connection with the violation by Google of Russian antitrust law resulted in the conclusion in April 2017 of a settlement agreement with the Federal Antimonopoly Service (FAS Russia).
13.05.2017
On 13 May 2017, the Direction of the Central Bank of the Russian Federation No. 4335-U dated 31 March 2017 came into force that establishes the threshold values for transactions of joint stock companies and limited liability companies, in the event of excess of which the transactions the price or book value of the property being the subject matter of which does not exceed 0.1% of the book value of the companies' assets may be deemed interested party transactions.
Regulation of online movie services and other audio-visual services in
Russia
On 1 May 2017, the Federal Law No. 87-FZ was signed amending the Federal Law 'On Information, Information Technologies and Information Protection', the Code of the Russian Federation on Administrative Violations and some other regulatory legal acts that establish requirements for owners of audio-visual services, including online movie services in Russia, liability for violation thereof, and powers of the Federal Service for Supervision in the area of Communication, Information Technology and Mass Communications (Roskomnadzor) in this respect.
Legal developments in the
regulation of control over
medicines circulation in Russia
In March and April 2017 the following regulatory acts entered into force:
--the Administrative Regulations of the Federal Service for Surveillance in the Health Care Sector (Roszdravnadzor) on Performance of Federal State Surveillance in the Area of Medicines Circulation through the Organisation and Conduct of Inspection for Compliance by Medicines Circulation Entities with the Requirements for Pre-Clinical Trials, Clinical Trials of Medicines, Storage, Transportation, Release, Sale of Medicines, Application and Destruction of Medicines
--the Administrative Regulations of the Federal Service for Surveillance in the Health Care Sector (Roszdravnadzor) on Performance of Federal State Surveillance in the Area of Medicines Circulation through the Organisation and Conduct of Inspection for Compliance by Medicines Circulation Entities with the Requirements for Pre-Clinical Trials, Clinical Trials of Medicines, Storage, Transportation, Release, Sale of Medicines, Application and Destruction of Medicines
24.03.2017
On 14 March 2017, the Federal Antimonopoly Service of the Russian Federation (FAS Russia) recognized Apple's subsidiary in Russia, Apple Rus LLC, guilty of coordinating the economic activities of the Apple iPhone resellers, which led to the establishment and maintenance of prices for these devices, in violation of Article 11 part 5 of the Federal Law No. 135-FZ dated 26 July 2006 "On Protection of Competition".
Administrative liability for the
failure to meet the obligation to
block internet resources in Russia
The Federation Council approved the draft federal law "On the Introduction of Amendments to the Code of the Russian Federation on Administrative Offences" , which establishes the administrative liability for a failure by an Internet provider to perform the obligation to limit or resume access to the information access to which should be limited or resumed on the basis of the data received from the Federal Service for Supervision of Communications, Information technology, and Mass Media (Roskomnadzor).
Changes in the rules of subsidising the clinical trials of implantable
medical devices in Russia
The Decree of the Government of the Russian Federation No. 37 dated 20 January 2017 amended the Rules for Granting Subsidies from the Federal Budget to Russian Organisations for Partial Compensation of Costs Incurred for the Implementation of Projects on the Arrangement and Conducting of Clinical Trials of Implantable Medical Devices within the Sub-Program 'Development of the Medical Devices Production" of under the State Program 'Development of the Pharmaceutical and Medical Industry' for 2013-2020 approved by the Decree No. 1046 of the Government dated 1 October 2015.
01.02.2017
On 27 January 2017, the State Duma passed in the final reading the bill on amendments to the Code of Administrative Violations (hereinafter - the 'Administrative Code'). The bill is aimed at enhancing the administrative liability for violation of the procedure for collection, storage, use or dissemination of information on citizens (personal data) established by the Russian Federation.
Counsel, Corporate and Commercial
Moscow, ОХУ