New administrative liability
measures for violation of the
legislation on personal data
processing in Russia
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.
Clarifications of Roskomnadzor on personal data processing and
databases localisation in Russia
The following documents have been published on the web-portal of the Federal Supervision Agency for Information Technologies and Communications ('Roskomnadzor') focusing on the issues of personal data protection
19.01.2017
The Decree of the Government of the Russian Federation No. 9 dated 14 January 2017 established bans on the admission of...
18.01.2017
On 1 January 2017 the Resolution of the Government of the Russian Federation No. 925 dated 16 September 2016 that established the priority of goods of Russian origin, works and services performed and rendered by Russian entities over the goods originating from a foreign country, works and services performed or rendered by foreign entities for the purposes of procuring goods, works and services through a tender, auction and other procurement procedures (except for the single source procurement procedure) by certain legal entities became effective.
Change in the value of assets of
financial institutions for antitrust
control purposes in Russia
The Decree of the Government of the Russian Federation No. 1518 dated 26 December 2016 amended the value of assets of financial institutions for the purpose of antimonopoly control in Russia of transactions and other actions with respect to such institutions.
Changes in the list of medical
goods not subject to VAT in Russia
The Decree of the Government of the Russian Federation No. 1581 dated 31 December 2016 amended the list of medical goods, the sale and import of which in the territory of the Russian Federation and other territories under its jurisdiction are not subject to (exempted from) the value added tax.
Corporate agreement:
shareholders’ agreement under
Russian law
Shareholders’ agreement is a tool for the contractual regulation of relations between shareholders/participants of companies that is widely used in jurisdictions of the Anglo-Saxon legal system (in particular, the UK and the US), but also recognized and regulated by the laws of countries that have continental legal systems (including Russia, Germany and Italy).
Distribution contract under Russian law: antitrust restrictions
Russian civil law does not specifically provide such type of agreement such as a distribution contract. The contract, however, has become widely used in commercial practice as an instrument for regulating relations between producers/wholesale suppliers of goods and wholesale purchasers under the general principle of freedom of contract enshrined in Article 421 of the Civil Code of the Russian Federation (hereinafter - the 'Civil Code').
Parallel import remedies: Russia
and Kazakhstan
The issue of 'parallel import', i.e. importation and(or) sale in any country of original trademarked goods, which were not put by the exclusive right holder into civil circulation in this country, and remedies applicable by the rightholders, directly relates to the key aspects of regulation of trademark rights such as
Choice of a Form
For Doing business in Russia
By a foreign entity
Information herein is effective as of July 2014 and is of a general nature.