Practices
Industries

Application of Limitation Period to Anti-corruption Claims of Prosecutor’s Office

31 October 2024

On 31 October 2024 the Constitutional Court published Resolution No. 49-P on the case of checking the constitutionality of Articles 195, 196, paragraph 1 of Article 197, paragraph 1 and paragraph two of paragraph 2 of Article 200, paragraph two of Article 208 of the Civil Code of the Russian Federation (hereinafter - the “Resolution”), in which it considered the application of limitation period to claims for seizure of property obtained through corrupt activities in favor of the state.


Foreign Banks Will Have the Opportunity to Open Branches in Russia

31 July 2024

On July 19, 2024, "Bill No. 676816-8 “On Amendments to the Federal Law “On Banks and Banking Activities and Certain Legislative Acts of the Russian Federation" (hereinafter - the "Bill") was submitted to the State Duma of the Russian Federation, providing for the possibility of opening branches of foreign banks in the territory of the Russian Federation. The Bill establishes the procedure and conditions for the operation of branches of foreign banks in Russia, as well as the procedure for their accreditation and the list of permitted banking operations.

The Supreme Court of the Russian Federation Initiated Amendments to the Procedure for Appeals in Civil Proceedings

28 June 2024

On June 25, 2024, the Supreme Court of the Russian Federation published the Resolution of the Plenum of the Supreme Court of the Russian Federation No. 22 on the submission to the State Duma of the Russian Federation of the draft federal law "On Amendments to the Civil Procedure Code of the Russian Federation" (hereinafter - the "Resolution").

The Central Bank of the Russian Federation May Be Vested With the Authority to Determine the Foreign Currencies that May Be Used to Pay for the Authorized Capital of Financial Organizations

26 June 2024

On June 21, 2024, Bill No. 653124-8 "On Amending Certain Legislative Acts of the Russian Federation" (hereinafter - "Bill No. 653124-8") was submitted to the State Duma of the Russian Federation, providing for changes in the procedure for payment for the authorized capital of credit organizations, insurance organizations and non-state pension funds (hereinafter - "financial organizations").

Recovery of Legal Fees in the Event of Procedural Succession

30 May 2024

On 28 May 2024, the Constitutional Court adopted Resolution No. 26-P “On the Case on the Verification of the Constitutionality of Part 1 of Article 110 of the Arbitration Procedural Code of the Russian Federation in Connection with the Complaint of Citizen E. M. Tumanina”, in which it analyzed the possibility of reimbursement of legal fees associated with the consideration of an application for procedural succession.

Damage to Russian Federation and Russian Central Bank Will Be Compensated at the Expense of Property of US and Related Persons

24 May 2024

On 23 May 2024 Russian President signed the Decree № 442 “On the Special Procedure for Compensation of Damage Caused to the Russian Federation and the Central Bank of the Russian Federation in Connection with Unfriendly Actions of the United States of America” (hereinafter – the “Decree”).

The Decree introduces a special procedure for compensation of damages caused to Russian Federation or Central Bank of Russian Federation (hereinafter – “Russian rightholders”) due to unfriendly actions of the US. 

The Russian Federation Has Created a Unified State Register of Advocates

24 April 2024

On 22 April 2024 the President of the Russian Federation signed Federal Law No. 83-FZ dated 22 April 2024 «On Amendments to the Federal Law “On Advocacy and Advocacy in the Russian Federation”» (hereinafter - Federal Law No. 83).

The main change was the creation of the Unified State Register of Advocates (hereinafter - the “Register”) – a federal information resource containing information on all advocates of the Russian Federation, as well as on applicants who failed the qualification examination. Federal Law No. 83 authorizes the Ministry of Justice of the Russian Federation to maintain the Register and determine the procedure and composition of the information to be included in the Register.

The Constitutional Court of the Russian Federation Has Determined the Procedure for Reimbursement of Court Fees Incurred by Defendants in Separated Disputes in Bankruptcy Cases

29 March 2024
On 19 March 2024 the Constitutional Court of the Russian Federation adopted Resolution No. 11-P/2024 in the case concerning the verification of the constitutionality of the provisions of Article 110(1) of the Arbitration Procedural Code of the Russian Federation, Article 5 and Article 137(3) of the Federal Law «On Insolvency (Bankruptcy)».