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IKEA’s slippery slope in Russia

15:41 31/08/2016 Russian businessman Konstantin Ponomarev is embroiled in a long-standing dispute with IKEA over rented diesel generators. A turning point in the litigation emerged after Joakim Virtanen, former manager at IKEA’s Russian division, turned himself in to investigators. Virtanen presented his arguments before the Smolensk court as a witness last week. Having spent over 10 hours in the court, he kindly agreed to answer some questions in an exclusive interview to RAPSI.

Legislative curb on foreign law firms in Russian courts

11:01 21/04/2016 There is nothing unusual in a legislative initiative aimed at limiting participation of foreign law firms in civil proceedings in Russian courts as numerous attempts to “normalize the situation” were made earlier, says Gennady Sharov, Vice-President of the Federal Chamber of Lawyers.

Hague District Court Sets Aside Yukos $50 bln Awards: reasons and consequences

23:10 20/04/2016 The Hague District Court decided on April 20 to set aside arbitral awards that arbitral tribunals had rendered in 2014 in Hulley Enterprises, Yukos Universal and Veteran Petroleum v the Russian Federation case. In this article we present a short overview of the reasons that led the Hague District Court to set the awards aside and what consequences we can expect from the court’s decision.

National Guard: Major Overhaul of Russia’s Security Forces

09:59 07/04/2016 President Putin signed a decree launching a major overhaul of Russia’s security agencies. Thus, the Federal Migration Service (FMS) and the Federal Drug Control Service (FSKN) are to be reincorporated in the structure of the Interior Ministry, whereas IM interior troops should be transformed into a National Guard directly subordinated to the President.

Energy to Crimea: Stupidity and Sabotage

21:30 23/12/2015 In mid-December, Russia established the second link of an “energy bridge” between Russia’s mainland Kuban region and Crimea, a peninsula geographically connected with Ukraine. The first link was set for repairs a few days earlier. The repairs were needed only 10 days after the bridge’s grand opening. Local residents immediately felt the effects of the new limitations on sending electricity to the peninsula – after all, in such situations it is acceptable to first cut off power to the residential sector in an effort to keep the lights on in strategic and public buildings.

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Yugra bank co-owner put under house arrest in $120 mln embezzlement case

20:53 19/04/2019 Moscow’s Basmanny District Court on Friday ordered house arrest for the majority stockholder of Russia’s Yugra bank Alexey Khotin suspected of 7.5-billion-ruble (about $120 million) embezzlement until June 18.

Crimean activist sentenced to 6 years for online calls for terrorism

19:35 19/04/2019 The North Caucasus District Military Court has sentenced activist from Crimea’s Yevpatoria Yevgeny Karakashev to 6 years behind bars for calls for terrorism on VKontakte social network.

Moscow bar association president arrested, put in detention on embezzlement allegations

16:17 19/04/2019 Sergey Yuryev, the chairman of Moscow's bar association Mezhregion, was arrested as part of a case over 1-billion-ruble embezzlement (about $16 million) from the State Air Traffic Management Corporation (ATM), and placed in detention on Friday.

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