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New Meta* Universe in Russia.The Sequel

29 March 2022
On Monday, March 28, the full text of the decision on Meta Platforms Inc.* (No. 02-2473/2022) case was published on the official website of the Tverskoy District Court of Moscow.

It is the sequel of the case we reviewed as of 22 March, related to Meta Platforms Inc.* activity on operation of Facebook* and Instagram* social network in the territory of the Russian Federation.

New Meta* Universe in Russia

22 March 2022
On March 21, 2022 the Court of Tverskoy district in Moscow resolved the case related to Meta Platforms Inc.* activity on operation of Facebook* and Instagram* social network in the territory of the Russian Federation. The mentioned activity of Meta Platforms Inc.* has been forbidden as extremist.

We have analyzed the legal consequences in connection with banning of the Meta Platforms Inc.* activity, made an assessment on possible business risks and provided particular recommendations on their mitigation.

For more information please see this update.

Foreign insurance organizations will be able to establish their branches on the territory of the Russian Federation

06 August 2021

On August 22, 2021, Federal Law No. 343-FZ dated 02.07.2021 "On Amendments to the Law of the Russian Federation "On the Organization of Insurance Business in the Russian Federation" and Certain Legislative Acts of the Russian Federation" ("Law") comes into force. This regulatory act is aimed at fulfilling Russia's obligations to the WTO on the admission of branches of foreign insurers to the territory of the Russian Federation.