Maxim Ali has told Cyber Media about current gaps in personal data regulation in Russia
Against the backdrop of the increasing number of cases of mass publication of personal data, further amendments to the relevant legislation are expected to be introduced in the near future. In particular, an initiative to impose turnover-based fines on operators for the "loss" of personal information of more than 10,000 users is being widely…
31.08.2022
Natalia Demina analyzed for Finversia the situation with blocked Russian's assets in Europe
Natalia Demina, Partner, Head of Private Wealth practice at Maxima Legal, spoke on the problem of blocking of Russian private investors' securities by EuroClear and assessed the possible ways of rescuing these assets, especially for the financial portal Finversia. "There are a number of administrative and judicial options. In all options the…
29.08.2022
Natalia Demina has explained to Financial One how to legally deal with blocked assets
In an interview with the Financial One online magazine for financial markets, Natalia Demina, Partner and Head of Private Wealth practice at Maxima Legal, explained what legal measures could help Russian investors to unblock assets placed with the National Settlement Depository (NSD) that have been "frozen" by EuroClear. "From a legal point of…
24.08.2022
Elizaveta Pastushenko has commented on the position of the Supreme Court of the Russian Federation on the restoration of the missed period for acceptance of inheritance in the absence of family or friendship ties with the testator
The Supreme Court of the Russian Federation has considered whether a person who is not a relative and is not bound by any obligation to a testator should maintain relations with him and subsequently bear the risks associated with the absence of any communication. Thus, in one of decisions the highest court stressed that the heir should not have…
24.08.2022
Nikita Deynega has told Finam.ru what Russian investors should do about blocked securities in Europe
Nikita Deynega, Head of Tax & Administrative Law practice at Maxima Legal, has analyzed the situation with the blocking of Russian investors' securities by EuroClear and has spoken about possible ways to solve the problem specially for Finam.ru financial portal. "This spring Russians were faced with the fact that transactions with their…
22.08.2022
Maxima Legal experts have discussed with Delovoy Peterburg the nuances of opening personal and corporate accounts abroad
According to Delovoy Peterburg newspaper, about 85% of Russians who had accounts abroad until March 2022 kept money mainly in banks in Austria, Luxembourg, Monaco, Switzerland and several other European countries. However, against the backdrop of sanctions, Russian citizens began to massively open personal or corporate bank accounts in…
21.08.2022
Nikita Deynega told Secret Firmy whether it makes sense for Russian investors to sue over the blocking of foreign assets
At the end of February 2022, following the start of Russia's special operation in Ukraine, the EU Council adopted the first restrictive measures against assets of Russian investors located abroad. Among other things, the European depositories blocked about €4.5-7bn held in the accounts of the National Settlement Depository (NSD). In August 2022,…
15.08.2022
Natalia Demina commented for Forbes on the UK's introduction of a new Register of Overseas Entities
The UK has launched a Register of Overseas Entities, under which all foreign companies owning property in the country are required to disclose their real owners by 31 January 2023. The real beneficiaries are defined as those who own at least 25% of the shares in the legal entity that owns the property. The register was introduced under the new…
01.08.2022
Maxim Ali told RAPSI about the amount of compensation for moral damages awarded by the courts
Recently, the problem of personal data leaks has become more and more urgent. For example, in 2019 information about Sberbank cardholders, in 2020 information about Muscovites who have contracted the coronavirus, and in 2022 information about customers of the Yandex.Food delivery service appeared on the web. At the same time, it should be taken…
01.08.2022
Dmitriy Uryakin commented to Novy Prospect on the restriction of access to personal data of the property owner in the Unified State Register of Real Estate
The State Duma in its third and final hearing adopted amendments to the law "On State Registration of Real Estate" which introduce a ban on the release of data from the Unified State Register of Real Estate with the personal data of the owner. Now the data on the object and its owner is available to anyone, from March 1, 2023 this information can…
27.07.2022