Russian Duma Revisits Criminalization as Counter-sanction The Russian Duma is considering a bill that would prohibit media communications that reveal non-compliance with sanctions or facilitate imposition of sanctions and would also impose criminal penalties on those that disclose or transfer information to organizations “directly or indirectly” under the control of an “unfriendly state”, any company … Continue Reading
Anti-corruption has been a hot topic in Russia for some time. But recently, the Russian government has begun to take creative approaches in the fight against corruption. These initiatives are aimed at raising public awareness of corruption among the general public. What appears to be missing in this outreach is compliance guidance to companies in … Continue Reading
In Lee v. Lukshin (Case No. А12-6860/2013, February 20, 2014), the plaintiff, a minority shareholder (holding 16.59% shares) of OJSC “Meat Plant Filonovskiy” (the Company) successfully pursued a derivative action for damages against the former general director (the Executive) of the Company, who was convicted under Article 291(2) of the Criminal Code in an earlier … Continue Reading
On February 1, 2012 Russia ratified the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Convention) The Convention was adopted by the Organisation for Economic Co-operation and Development (OECD) in 1997. It provides that signatories undertake to amend national legislation to criminalize bribery of foreign public officials by … Continue Reading
