Analytics and brochures

The ongoing crisis in the Russian economy has had a significant impact on the practice of applying bankruptcy law and on its development. This is amply demonstrated by the increase of around a 30% growth in bankruptcy cases in 2014. 

The main areas covered by Russian antimonopoly legislation are prohibition of the abuse of a dominant position, regulation of prohibited agreements, antimonopoly requirements for bidding, merger control, and prohibition of unfair competition.

Sanctions imposed by the EU after Crimea’s annexation have caused upheaval in the Russian market, but law firms remain optimistic.

Russia’s civil law is currently being updated, including provisions regarding intellectual property. The majority of the forms of IP protection in Russia are regulated by provisions of the Civil Code, which has a fairly well-developed structure.

The main areas covered by Russian anti-monopoly legislation are the prohibition of an abuse of a dominant position, the regulation of prohibited agreements, anti-monopoly requirements to bidding, merger control, and the prohibition of unfair competition.

Russian legislation covering the pharmaceutical and medical devices industry is still in transition and undergoing significant changes. The most notable of these involve harmonising it with the best international practices, strengthening protective measures and encouraging localisation. Moreover, the Eurasian Economic Union (the EAEU) officially came into being on 1 January 2015, creating a new supranational regulatory environment for medicines and medical devices to circulate across the member states.