Insights & News

The Supreme Court has considered the Westwalk case and ruled that foreign companies can be legally recognized as bankrupt if there is a “close connection” with Russia. Bankruptcy of foreigners was first commenced in 2016, but for a long was applied only to individuals

[Maxim Alekseyev](https://www.alrud.com/people/MaximAlekseyev/ 'Maxim Alekseyev'), ALRUD Senior Partner, [Boris Ostroukhov](https://www.alrud.com/people/OstroukhovBoris/ 'Boris Ostroukhov'), ALRUD...

Dear Readers, ...

The year 2023 was marked by the further strengthening of control over transactions involving the sale of Russian assets owned by “unfriendly” foreign entities, as well as over Russian strategic...

Qiwi Plc. sold its Russian assets to a Hong Kong based Fusion Factor Fintech Limited owned by Andrey Protopopov, former Qiwi CEO. The 23.75 bn RUB transaction was approved by the Russian regulators...

On 14 March 2024 the AEB Human Resources Committee will hold its annual HR Conference ”The Future of Human Resources: Beyond the Breaking Point”. ...

Dear Ladies and Gentlemen, In 2020, Articles 248.1 and 248.2 of the Russian Arbitrazh (State Commercial) Procedure Code (“APC RF”) took effect to provide additional judicial protection for Russians due to foreign sanctions (restrictive measures). We have addressed these new statutes, their initial application by Russian courts, as well as the precedent-setting Russian Supreme Court ruling in the Uraltransmash v. PESA case in our previous newsletters.

We would like to inform you about the latest news in the field of Business Regulation. In accordance with the Decree of the Government of the Russian Federation dated 29 December 2023 No. 2405 an...