Natalia Demina told Legal Insight magazine about possible problems with business succession planning
In Russia it is not customary to talk about succession planning, and even less so to plan the transfer of capital. As a result, when a prominent businessman dies, there is a fight for his assets, including in courts, and the problems of succession pile up on the shoulders of the heirs, who are not prepared for their resolution. Especially for…
01.03.2021
Maxim Ali has comments for the DP on attempts to challenge Gilead's Eurasian patent for HIV drug
Gumanitarnoe deystvie (Humanitarian Action) Foundation, recognized as a foreign agent, is challenging in the Intellectual Rights Court the refusal of the Russian Federal Service for Intellectual Property (Rospatent) to cancel the Eurasian patent of pharmaceutical company Gilead.The current price of the patented drug combination is about $186…
17.02.2021
Sergei Bakeshin has explained to the DP why financial authorizes cannot appeal against court decisions in tax disputes
13th Commercial Court of Appeal stopped proceedings on the complaint of the Finance Committee of the Leningrad region. The court had asked to reconsider a decision that was not in favor of the Federal Tax Service: the company Gotek North-West managed to prove that tax authorities charged additional 378 million rubles of property tax arrears.…
12.02.2021
Dmitry Uryakin has assessed for the Vot Tak TV the possibility of litigation lending in Russia
The Federation Council of Russia is studying a draft law which proposes to introduce litigation lending in the country. It is expected that banks or other investors would finance litigation and then, together with the plaintiff, receive a portion of the recovered sum from the losing party. Dmitry Uryakin, an associate at Maxima Legal, told the…
09.02.2021
Sergei Bakeshin commented for the Novy Prospect on a dispute about a change of a priority of claims of affiliated creditors in a bankruptcy case
At the end of October 2020 the first instance court restored the former managers of the bankrupt International Bank of Saint Petersburg in the Register of creditors of the first order. The bankers as private depositors are demanding to return them of almost 1 billion rubles stuck in their bank accounts. The state corporation Deposit Insurance…
28.01.2021
Dmitry Uryakin has commented to the Novy Prospect on a bankruptcy dispute in connection with the non-payment of 5.5 billion rubles on a loan
Bank Saint Petersburg initiated bankruptcy proceedings against Talion company (an asset of billionaire Alexander Yebralidze), which had acted as a guarantor of its subsidiary in connection with a 5.5 billion rubles loan. Companies own a complex of buildings in the historical center of St Petersburg, including Taleon Imperial Hotel building, putted…
27.01.2021
Maxim Ali has commented for the DP on Biocad's attempt to challenge a one of AstraZeneca's patents
Biocad (St Petersburg-based drug manufacturer) is trying to challenge the decision of Rospatent (Federal Service for Intellectual Property) in the Intellectual Rights Court. The Service had perviously refused to cancel the patent of Sweden's company AstraZeneca AB. The patented composition of fulvestrant is used to manufacture a drug for the…
25.01.2021
Maxim Ali has assessed the prospects of the Supreme Court's consideration of the amount of compensation for infringement of exclusive rights
Courts of three instances fined an entrepreneur for selling a device with a logo similar to Rikor Electronics trademark. The appellate court and then Court for Intellectual Property Rights awarded 180,000 rubles compensation for infringement of someone else's exclusive rights given that the cost of the goods sold was 165 rubles. The courts pointed…
18.01.2021
Konstantin Boytsov has explained for the Kommersant how changes of territorial planning documents effect on construction permits
The Committee of a town-planning policy of the Leningrad region has approved new land use and development rules of Murino town. A land plot on which Renta Invest developer has planned to build a restaurant complex was changed its allowable use by a new edition of the document. The implementation of 200 million rubles project is on hold now. А…
12.01.2021
Maxim Ali has provided his comments to the Novy Prospect on the prospects of Russian legal market in 2021
Maxim Ali, Partner at Maxima Legal, has shared with the Novy Prospect online edition his vision of the development of the Russian legal services market in 2021 "The pandemic affects the legal market in different ways, and it's quite difficult to predict which factors will take over. On the one hand the economic situation is very difficult.…
11.01.2021