1. Introduction
    1. Political and administrative structure
    2. Legal environment
  2. Common forms of business structures for foreign investors
    1. Main types of structure
    2. Registration, liquidation and reorganisation of business structures
    3. Shareholders’ and participants’ agreements
    4. Strategic industries
  3. Anti-monopoly issues
    1. General legal and regulatory framework
    2. Scope of application of the Competition Law
    3. Anti-competitive practices and restriction of competition
    4. Liability
  4. Tax system
    1. General approach
    2. Corporate taxation
    3. Incentives
    4. Special tax regimes
    5. Taxation of individuals
    6. Double taxation treaties
  5. Customs regulations
    1. General approach
    2. Trade between EEU and non-EEU countries
    3. Mutual trade between the EEU members
  6. Currency control
    1. Foreign currency transactions
    2. Consequences of breach/Penalties
  7. Lending in Russia
    1. Lending documents and governing law
    2. Jurisdiction
    3. International finance transactions and repatriation requirements
    4. Security interests
    5. Recognition of security trusts
    6. Syndicated loans
    7. Enforcement
    8. Suretyships and guarantees
    9. Bankruptcy considerations
    10. Other lending related issues
  8. Employment and migration
    1. Formalising the employment relationship
    2. Managing employment relationships
    3. Terminating an employment agreement
    4. Specifics of employing foreign nationals
  9. Personal data protection
    1. General approach
    2. Scope of the Data Protection Law
    3. Liability
    4. Right to be forgotten
  10. Intellectual property
    1. General approach
    2. Contractual aspects of intellectual property rights
    3. Rights over the results of intellectual activity
    4. Company names, trade names, trademarks and appellations of origin
    5. Intellectual property rights infringements
    6. IP Court
  11. Advertising issues
    1. General approach
    2. Scope of application of the Advertising Law
    3. Violations of the Advertising Law
    4. Liability
  12. Anti-corruption and compliance
    1. General approach
    2. Legal framework
    3. Compliance requirements for companies
    4. Concept of corruption in Russian law
    5. Possible targets of bribery
    6. Liability and penalties for corruption
    7. Example of sector-specific anti-corruption measures
  13. Real estate and construction
    1. Rights to real estate
    2. Real estate transactions
    3. Resolution of real estate disputes
    4. Planning and construction issues
  14. Corporate bankruptcy
    1. Insolvency criteria
    2. Stages of bankruptcy proceedings
  15. Import substitution and production localisation in Russia
    1. Measures affecting goods importation and current import substitution legislation
    2. Localisation incentives
    3. Sector-specific impact of import restrictions and localisation requirements
  16. Banking sector
    1. Legislative and regulatory framework
    2. Licensing and operations
    3. Deposit insurance
    4. The anti-money laundering law
    5. Bank secrecy
    6. FATCA and CRS
  17. Environment, energy efficiency and renewables
    1. Environment
    2. Energy efficiency
    3. Renewables
  18. Infrastructure and public private partnerships
    1. General approach
    2. Key PPP legislation
    3. Russian PPP environment
    4. Financing
    5. Legal issues
    6. Prospects for infrastructure projects
  19. Oil & gas
    1. Legislative framework
    2. Ownership and licensing
    3. Restrictions on foreign investors
    4. Licences
    5. PSAs

Liability

Individuals and legal entities may be subject to administrative liability for non-compliance with advertising legislation (please see the table below). 

Potential liabilityLegal entitiesCompany officialsIndividuals
General finesRUB 100,000 - 500,000 (EUR 1,430 - 7,1431)RUB 4,000 - 20,000 (EUR 57 - 286)RUB 2,000 - 2,500 (EUR 30 - 36)
Fines in case of breaches of special standards for broadcast advertisingRUB 200,000 - 500,000 (EUR 2,857 - 7,143)RUB 10,000 - 20,000 (EUR 143 - 286) 
Fines for breaching limits of advertising text in printed mediaRUB 40,000 - 100,000 (EUR 571- 1,430)RUB 4,000 - 7,000 (EUR 57 - 100) 
Fines for breaching special standards on the advertising of medicines, medical devices, medical services, biologically active dietary supplements and food supplementsRUB 200,000 - 500,000 (EUR 2,857 - 7,143)RUB 10,000 - 20,000 (EUR 143 - 286)RUB 2,000 - 2,500 (EUR 30 - 36)
Fines for breaching special standards on the disclosure of information in financial advertisingRUB 300,000 - 800,000 (EUR 4,286 - 11,430)RUB 20,000 - 50,000 (EUR 286 - 715) 

[1] At the notional exchange rate of RUB 70 = EUR 1, as used for convenience throughout this guide. Back ↑


“Digital advertising is showing incredible growth on the Russian market. It follows that court practice in this area is also developing – there have already been several cases on advertising published by bloggers (so-called “native advertising”) and on social media.”


Key contacts

Bankovskiy Anton
Anton Bankovskiy
Partner
Head of Intellectual Property