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Changes in the legislation on foreign investments in Russian companies of strategic importance
On July 30, 2017 the amendments to the Federal Laws "On Foreign Investments in the Russian Federation" and "On the Procedure for Making Foreign Investments in Companies of Strategic Importance for National Defense and State Security" came into force, in particular, clarifying the notion of a foreign investor and supplementing the list of activities of strategic importance for the national defense and state security, as well as establishing new consequences of non-compliance by foreign investors of the obligation to submit information to the competent authority on the acquisition of 5 percent and more of the shares (stakes) of the strategic company.
Some Upcoming Changes in IP Legislation
Kazakhstan's accession to the World Trade Organisation, membership in the Eurasian Economic Union requires the improvement of national legislation in the area of intellectual property, elimination of contradictions and gaps, both within the provisions of national legislation and between national law and provisions of international agreements, to which Kazakhstan is a party.
Revolution in personal data protection introduced by EU
In May 2016, General Data Protection Regulation was published in the Official Journal of the European Union. Everybody who has an establishment within the EU and process personal data in the context of the activities of such establishment will have to get ready for the new Regulation.
Regulation on Unified State Register of Claims on Movable Property is adopted in Kyrgyzstan
Maintenance of Unified State Register of Claims on Movable Property is that the storage is in the electronic database, all registered rights of claims for the performance of obligations (under the contract) with respect to movable property, security and confidentiality of information held in the National Registry of Claims on Movable Property is provided by the Central Collateral Registration Office under the Ministry of Justice of the Kyrgyz Republic.
Amendments to the Constitution of the Republic of Uzbekistan
Amendments to the Constitution were provided within the framework of the reform of the judicial system of Uzbekistan. The Supreme Economic Court and the Supreme Court are united into a single supreme judiciary body in the sphere of civil, criminal, administrative and economic legal proceedings - the Supreme Court of the Republic of Uzbekistan.
Amendments to the Telecommunication Law of Azerbaijan
According to the Amendment Law as of July 11, 2017, a new article (50-1), concerning advertisement through telecommunication means and devices has been included into the Telecommunication Law.