The Legal 500

Legal Developments in Russia

• Information law for company participants – the search for a balance of interests

  At the present time, in various legal relationships there exists the acute problem of observing a balance of interests concerning the parties involved in these legal relationships, their legal rights, and their mutual economic needs. Judicial practice, when considering disputes between these kinds of parties, takes into consideration not only the formal requirements of legislation, but also the real economic and legal goals and interests of the participants.
  - Vegas Lex Law Firm

• What businessmen should know about legislative changes with major and interested transactions?

  It is well known that before making significant managerial decisions, the general director must obtain approval from the shareholders or the board of directors. Apart from that, if a director is personally interested in entering into a transaction, approval is also required to proceed with the transaction. In the absence of such an approval, the transaction can be challenged and, in certain circumstances, invalidated. In order to minimize such risks and to eliminate legal uncertainty for the parties to the transaction, the rules governing major transactions and interested transactions must be sufficiently clear. Previously, however, the application of these rules was associated with a large number of controversial legal issues, which were finally solved as a result of the legislative amendments, which will enter into force on January 1, 2017. According to the new amendments, the distinction between major and non-major transactions has been delineated more clearly, parties have been allowed more flexibility in relation to approving transactions, the burdensome obligation to obtain prior approval of interested transactions has been abrogated, and finally the procedure for challenging transactions in question has been made much more complex. Overall, the changes should have a positive influence on business, as they contribute to the establishment of firm legal certainty in this area of the law. 
  - Sirota & Partners

• Goltsblat BLP nominated for Chambers Europe Awards 2016 as Russia Law Firm of the Year

  Goltsblat BLP nominated for one of the most prestigious Chambers Europe Awards 2016 as Russia Law Firm of the Year
  - Goltsblat BLP

• A Lessee’s Dream: the Drastic Devaluation of the Russian Currency Has Triggered New Discussions of

  The rent for leases, especially those in downtown Moscow and other large cities, is often based on the foreign currency exchange rate, which has recently increased almost threefold. Many businesses have been taken aback by this consequence of the economic crisis. Some of them have been put on verge of bankruptcy because of the increased rent and were forced to seek remedies in courts.
  - Sirota & Partners

• Andrey Goltsblat and Anton Sitnikov are among the world’s leading M&A lawyers

  Andrey Goltsblat and Anton Sitnikov are among the world’s leading M&A lawyers
  - Goltsblat BLP

• How the Ban on Borrowed Manpower Will Affect Businesses

  Nadezhda Ilyushina Head of Employment Pensions & Benefits Practice, Goltsblat BLP
  - Goltsblat BLP

• Friends will be friends?

  Friends will be friends?
  - Goltsblat BLP

• Russian Corporate Law: Full Speed Ahead!

  Russian Corporate Law: Full Speed Ahead! 
  - Goltsblat BLP

• Localised production and import substitution: new business opportunities under the sanctions

  Localised production and import substitution: new business opportunities under the sanctions
  - Goltsblat BLP

• SIAC broadens its appeal beyond Singapore with new model clauses

  SIAC broadens its appeal beyond Singapore with new model clauses
  - Goltsblat BLP