Analysis of personal data processing practices: trends and important insights
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Review of changes and clarifications of Rostrud, judicial practice in labor legislation for 2024
A brief overview of the major changes in labor law in 2024.
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Changes in the arbitration process from 05.01.2024.
The President of the Russian Federation signed Federal Law No. 667-FZ dated 25.12.2023 "On Amendments to the Arbitration Procedural Code of the Russian Federation".
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Commercial secret
I. Definition
Current legislation defines a trade secret as a regime of confidentiality of information that allows its owner, under existing or possible circumstances, to increase income, avoid unjustified expenses, maintain a position in the market for goods, works, services or obtain other commercial benefit[1]. Read more
New application form for authorizations for transactions with non-residents and increased payments to the budget
On October 16, 2023, the official website of the Ministry of Finance published a new form required for submitting applications to the Government Commission for the issuance of permits for transactions with non-residents, the subject of which are stakes in Russian business entities.
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Risks of acquisition and use of databases containing personal data of potential customers
It is not uncommon for entrepreneurs to consider using databases of potential customers in their commercial activities. There are many different offers on the market to buy and sell databases of personal data, but when buying them, it is worth considering the legislation on personal data and its application to the buyer of such data. Let us consider the main problems that a buyer of personal data bases may face.
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The government commission has updated the list of conditions for issuing permits to foreigners from unfriendly states to engage in transactions with shares and stakes of Russian companies
The Ministry of Finance of Russia has published an excerpt from the decision of the subcommittee of the Government Commission on Control over Foreign Investments in the Russian Federation dated July 7, 2023, No. 171/5, which updates the list of conditions for issuing permits to foreign nationals from unfriendly states to conduct transactions involving the sale of shares and stakes in Russian companies.
New restrictions for paying dividends and selling shares and real estate for owners and shareholders originating from states recognized by Russian authorities as unfriendly
Liability of Russian banks towards clients for the blocking of funds by foreign intermediary banks
The imposition of sanctions by foreign countries against Russian banks has led to the inability of these banks to fulfill their obligations to clients regarding cross-border transfers of funds in foreign currency.
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