EPAM Legal Highlightsi
Legal Alerti
Bulletini
A brief analysis of the legislative updates including the guidelines from the Firm's lawyers on the most topical issues.
An extended analytical review of the most important legislative updates, including the guidelines from the Firm's lawyers on the most topical issues.
Regular newsletters including a review of new developments and most topical legislative updates, a review of the court practice in the field, analytical summaries, as well as the answers to readers' questions.
Significant Fines Introduced for Violation of Personal Data Localization Rule
On December 2, 2019 the RF President signed a new law that establishes significant fines for violations of the localization rule in respect to the personal data of Russian citizens.
Capital transferring to foreign jurisdictions: risk of criminal proceedings in Russia
The Russian media is increasingly aware of the news about the initiation of criminal prosecution by enforcement agencies against the top management of large companies due to the qualification of their actions of transferring capital to foreign jurisdictions as illegal (especially in countries with special conditions for doing business for foreign companies).
Russia to establish new register of ships owned by foreign companies
On August 3, 2018 the Russian President signed the Federal Law which provides for establishing effective January 31, 2019 of the Russian Open Register of Ships to register ships that are owned not only by Russian companies and individuals but by foreign ones as well.
Significant tax privileges in Belarus for ICT companies
On December 21, 2018 the new Decree No.8 established by the President of the Republic of Belarus simple and transparent rules for running innovative business models for Belarusian Hi-Tech Park residents (HTP).
Novelties in Intellectual Property Protection
Starting September 2017, the EU-Ukraine Association Agreement (the "Agreement") entered into force. According to the Agreement, Ukraine, among other things, has taken certain obligations for IP, though it was not clear whether they should apply with an immediate effect or after conflicting Ukrainian laws are changed. Recently, the Patent office finally explained that the Agreement will be applied in full and prevail over the national legislation, including the most relevant changes as follows.
Probate law reform: maintaining estate funds
Federal Law No.259-FZ dated July 29, 2017 (the "Law") introduced significant amendments to the Civil Code of the Russian Federation ("the Civil Code") in regard to the regulation of inheritance-related matters. One of the key novelties was the emergence of a new tool – estate funds. The Law provides for procedures to set up an estate fund, determines the legal status of its beneficiaries and sets forth procedures for managing the fund. The Law will take effect on September 1, 2018.
Foreign investment in Russia. Recent amendments
On July 1, 2017 entered into force the Federal Law dated July 1, 2017 No. 155-FZ "On amendments to Article 5 of the Federal Law "On the Privatization of State and Municipal Property" and the Federal Law "On the Procedure for Making Foreign Investments in Companies which are of Strategic Importance for Ensuring the National Defense and State Security" (hereinafter – "Law No. 155-FZ" and "Strategic Investments Law" respectfully).
Summary of recent FX novelties and liberalization steps
Within the last month the National Bank of Ukraine (the "NBU") adopted several resolutions aimed at further liberalization of the existing currency control restrictions.
New national essential medicines list for Ukraine may materially affect the market from 1 July
In March 2017, Ukrainian Government approved the new National Essential Medicines List for Ukraine (the "NEML"), which is to become a single basis for the procurement and reimbursement of medicines in the public sector, as well as price controls.
New minimum benchmark for compliance in Ukraine
The National Agency for Prevention of Corruption (the "NAPC") introduced new minimum standard for compliance and anticorruption efforts mandatory for large state-owned enterprise and participants of major public procurement.
Ukraine is rolling out its drug reimbursement program
Over March 2017, Ukrainian Government and Ministry of Health ("MOH") approved a number of regulations to finalize the framework for reimbursement of several groups of medicinal products. "Available Medicines" pharmacy reimbursement program (the "Program") is scheduled to be launched from 1 April 2017, with its cornerstones being as follows:
Legislative Developments in the Field of Information Technology
Intellectual Property / TMT Practice of Egorov Puginsky Afanasiev & Partners informs on the recent legislative developments and current judicial practice in information technology.
How Legislation on Handling Personal Data Will Be Enforced in Future: LinkedIn Case Study
The Tagansky District Court has published its exceptional decision in the case of Roskomnadzor (the Russian supervisory authority for telecommunications, information technology, and the media) vs the LinkedIn Corporation. The court ruled that the company's activity in Russia was in breach of Russian legislation on personal data. The Moscow City Court in its resolution as per November 10, 2016 did not overturn the decision: LinkedIn.com has been blocked in Russia.
Ukrainian competition authority rules on drug pricing practices
In September 2016, the Antimonopoly Committee of Ukraine (the "AMC") handed down a significant decision holding a major global pharmaceutical company and its four Ukrainian distributors liable for uncompetitive conduct that resulted in overcharging for drugs in Ukrainian public tenders.
Ukraine is changing the regulatory landscape for pharmaceutical business
On 31 May 2016, Ukrainian Parliament passed a law[1] to significantly simplify the market access for certain categories of medicinal products. In particular, the law introduces a streamlined registration (marketing authorization) process for any drugs already authorized by competent authorities of (i) the U.S., Switzerland, Japan, Australia, Canada and (ii) the EU under centralized authorization procedure, in each case for use in relevant countries. Such registration is to be performed within 17 business days and involve a limited documentation check, without a full-scale local review of the registration dossier. The law entered into effect on 19 June 2016. However, bringing it to life still requires approval of a number of by-laws that are being developed by the Ministry of Health of Ukraine. When implemented, simplified registration procedures are expected to reduce the market entry barriers for international pharmaceutical business.