Advised a client on the risks related to sanctions and counter-sanctions

The lawyers of our practice provided advice to a large global corporation which was successfully active in Russia, in connection with restrictions related to sanctions and counter-sanctions.

Our team was tasked with a complex legal assessment of managerial decisions, transactions, corporate and organisational changes, business processes and other actions of the company’s management and owners from the viewpoint of criminal law risks of liability being imposed for observing the sanctions, as well as with devising recommendations as to how to mitigate these risks.

Our experts also analysed the risks inherent to interacting with the resources of Meta corporation, whose activities are recognised as extremist in Russia, and with a major Ukrainian online cinema platform. In addition, it was necessary to assess the risks relating to interaction with the company’s counterparties and ensued from the regime of sanctions and counter-sanctions.

This matter was implemented at a time when a draft federal law had been submitted to the State Duma according to which compliance with anti-Russian sanctions will be treated as a severe form of an abuse of powers.