Baker McKenzie’s Sanctions Blog published the alert titled Draft bill on nationalization of Russian assets owned by foreign persons on 11 April 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 1 July 2021, President Putin signed one of the most significant bills of 2021 in Russia and in doing so turned Russian IT regulation on its head. The “Landing Law”, which regulates the activity of foreign IT entities in Russia, marks a new trend in the regulation of information technology in Russia.
The main development is that under the new law foreign information technology companies will be required to establish a physical presence in Russia.
Every year our lawyers produce Doing Business in Russia, a general guide for companies operating in or considering investment into the Russian Federation. The guide presents an overview of the key aspects of the Russian legal system and regulation of business activities in this country.