As previously communicated to WEX clients, the submission of applications and the compilation of client dossiers were suspended as of September 1, 2024. 

All applications submitted before this deadline have been processed, and the corresponding dossiers have been compiled and submitted to WEX’s management for review. We are pleased to report that significant progress has been made in locating clients, verifying their identities, and obtaining documentation confirming the lawful origin of their funds.

We are pleased to announce the appointment of two new partners and counsel!

On June 12, 2024, the Bureau of Industry and Security (BIS) announced the imposition of trade sanctions in the form of a temporary denial order (TDO) against a number of Russian and foreign companies and individuals.

The Lidings team took immediate action to challenge the TDO to exclude its clients from the restrictions list.

On 5 December 2024 the results of the annual Pravo-300 law firms’ ranking were announced at an awarding ceremony at The Carlton Hotel in Moscow. This year Lidings expertise is highly praised in 17 key practice areas.

Lidings’ Intellectual Property practice team succeeded in obtaining cancellation of registration of a drug in a dispute against the holder of the marketing authorisation (MA) due to the fact that during the process of registration of a generic drug product the Ministry of Health of Russia received false information from the holder of the MA.

Lidings’ Corporate and M&A practice team has successfully concluded its advisory role for the owners of Autotechinmash LLC, the largest auto dealer of Belarusian cars, in restructuring of the company’s founding team.

Russia and the Gulf countries continue to deepen economic cooperation, which becomes especially important against the backdrop of sanctions restrictions. The Russian-Gulf Business Forum: New Ties, New Opportunities (took place in Moscow on 24 September 2024) provided an opportunity for a comprehensive discussion of both business prospects and legal issues related to the activities of Russian companies in the region.

Highlights of the event in our report.

Lidings is pleased to announce that in accordance with Federal Law N 394-FZ "On the State Council of the Russian Federation" dated December 8, 2020 and Decree of the President of the Russian Federation V.V. Putin dated July 22, 2024, N 613 "On the Commissions of the State Council of the Russian Federation in the areas of socio-economic development of the Russian Federation and their chairmen", Stepan Guzey, partner of the firm, has been included in the expert council of the State Council of the Russian Federation's commission on the Northern Sea Route and the Arctic.

Also, in accordance with the Decree of the President of the Russian Federation V.V. Putin dated August 13, 2024 N 691 Stepan was included as an expert in the Council for the Protection of National Interests of the Russian Federation in the Arctic of the Maritime Board of the Russian Federation.

Lidings appointed exclusive representative of WEX Crypto Exchange for accepting applications of clients for refunds.

Lidings has signed a cooperation agreement with Leadvisor Global, an international network of consultants. The firm has become the first national legal counsel to represent Russia.