In light of the current geopolitical situation, the severe US and EU sanctions, and Russian counter sanctions imposed in response, many international companies have already announced their plans either to leave the Russian market, or to temporarily suspend their business operations in Russia. The current unprecedented situation is a great challenge for companies, since it requires complex decisions to be made, in a very short time.
One of the crucial issues to be considered, by these companies, before leaving or business suspension, is the protection and maintenance of its Russian IP assets and minimization of the risks related to the possible IP infringements, in Russia.
Given the above, we would like to provide you with the general checklist of questions on the most crucial issues in the field of IP and Data Protection, which will help you understand and navigate your risks, so as to ensure that your intangible assets are secured and properly managed in Russia. While such assets as software can be deployed very quickly, brands, patents, know-how and copyrights owned by businesses should be protected as much as possible, for the period of uncertainty. There can be no universal correct answers to those questions as to what should be decided and done: every situation should be assessed on a case-by-case basis, depending on the strategy of the business in Russia.
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Note: Please be aware that all information provided in this letter was taken from open sources. Neither ALRUD Law Firm, nor the authors of this letter bear any liability for consequences of any decisions made in reliance upon this information.
We hope that the information provided herein will be useful for you.