It’s a nervous time for international law firms in Moscow, as Russia’s rift with the West threatens to throw their businesses off course – possibly for good
Everyday legal work is at a halt and the country’s lawyers stand ready to do their bit in the army if the Russians move in
Local and international firms are scrapping for work in Europe’s ‘golden boy’. But the market is not without its risks, including from neighbour Ukraine
The surge of oligarchs heading to London for their court battles is slacking off. But Russia still holds potential for those advisers ready to tread carefully
Legal work is on hold as the country fights it out over whether its future lies with Russia or the EU
Russia and the CIS News
The High Court has ordered the disclosure of documents held by Addleshaw Goddard, Clyde & Co and Stephenson Harwood in the ongoing battle between Kazakhstan’s JSC BTA Bank and its former chair Mukhtar Ablyazov.
Russia has been ordered to pay €1.9bn (£1.5bn) in compensation to shareholders of Yukos by the European Court of Human Rights (ECHR), the largest ever award for pecuniary loss.
Shearman & Sterling has triumphed in a decade-long arbitration battle for Yukos shareholders against the Russian state - but at what cost?
Russia and the CIS Briefings
Taxation in Russia: resolution number 50 entitled ‘Regarding conciliation of the parties in the arbitration proceedings’ download subscription
The Supreme Arbitration Court of Russia has permitted the settling of tax disputes by the conclusion of amicable agreements with tax authorities.
Ban on import of certain products to Russia: determination of the country of origin download subscription
The Decree of the President of the Russian Federation No. 560 bans or restricts foreign trade transactions involving import to Russia of certain agricultural products, raw materials and food.
New sanctions increase uncertainty of shipments to Russia download subscription
The US Commerce Department’s BIS has issued a final rule amending the Export Administration Regulations and imposing further export controls against Russia’s energy sector.
Russia loosens rules on permitted income sources for residents’ foreign bank accounts download subscription
Last month, Russian legislators adopted major changes to RF Law No. 173-FZ, ‘On currency regulations and currency control’.
Amendments to the Civil Code of the Russian Federation — effective from 1 July 2014 download subscription
The new amendments to the Russian Civil Code will only apply to legal relationships that emerge after 1 July 2014.
Export control and sanctions update: EU restrictive measures against Russia download subscription
On 31 July 2014, the Council of the European Union adopted Regulation (EU) No 833/2014, which implements Council Decision 2014/512/CFSP of 31 July 2014.
New US and EU sanctions against Russia download subscription
At the end of July, the US and the EU escalated their respective sanctions regimes against Russia following the Kremlin’s intervention in the Crimea/Ukraine crisis.
The US sanctions against Russia — in an evolving context, key points for business download subscription
For companies with business relationships in or related to Russia, this alert provides a recap of the current US sanctions.