We are glad to provide you with our Information Letter, where we discuss the landscape of the most important emergency laws and regulations introduced over past two years in Russia. We concentrate on select risks which foreign business currently faces in Russia.  

First, we will look at key new terms that have proliferated in Russian law (section 1). Then we will focus on some of the key novelties of Russian business law:

• corporate restrictions and restrictions on the sale of companies in Russia (section 2);
• restrictions on payments to foreign counterparties and set-offs (section 3);
• restrictions on payment of dividends and royalties to foreign persons (section 4);
• new grounds for introducing external administration over foreign companies in Russia (section 5);
• restrictions on the export of goods and relaxation of the import regime for certain foreign goods (section 6);
• new approach to parallel import (section 7);
• criminalization of the calls to introduce sanctions against Russia and the risks of liability for complying with foreign sanctions (section 8);
• new grounds to transfer disputes with a foreign element to Russian courts by reference to sanctions (section 9);
• possibility of opening bankruptcy proceedings against foreign companies by Russian courts (section 10).

The Information Letter is available at the following link.