Raiffeisenbank Russia informed today that from 2 September 2024, any outgoing cross-border transfers in any foreign currency will become unavailable to all clients of the bank, except for a limited number of corporate clients in the field of large and international business.

Herbert Smith Freehills Kramer LLP have published an article in the Journal of International Banking Law and Regulation examining the development of English sanctions case law and the growing challenge...

The legal uncertainty created by the application by Russian courts of Article 1062 (concerning gaming and betting) of the RF Civil Code after 1998 is intended to be addressed by a new section, 1062.2, the first reading of which was approved on June 16, 2006.

Stuart Levey, the first ever Under Secretary of the US Treasury for Terrorism and Financial Intelligence, joins his former colleague Juan Zarate, Global Co-Managing Partner, for a one-on-one conversation...

On July 28, 2012, Russian president Vladimir Putin gave his imprimatur to Federal Law No. 144-FZ, which amends Russian bankruptcy, financial, and banking legislation with the goal of improving regulations governing asset returns and interim management of insolvent banks.

It was impossible to ignore this news, because the requests of our clients for help in solving the issue of fulfilling the annual duty to index wages are still alive in our memory.

The enforcement procedure for pledges and mortgages, covering movable and immovable property, has recently been amended to clarify and streamline the enforcement procedure, including for out-of-court enforcement, which was initially introduced by Federal Law No. 306 - FZ on December 30, 2008.

The amendments (which were more than 3 years in the making) introduce a number of key changes to the insider trading regime the most important of which are discussed below

A draft amendment to the Federal Law "On Banks and Banking Activities" that allows companies other than credit institutions to accept payments that usually fall under banks’ jurisdiction (the "Payments Amendment") passed its third reading by the State Duma on July 7, 2006.