The Kommersant Publishing House has released a survey of changes observed in the legal market during the period of active imposition of economic sanctions this year. The survey distinguishes legal practices and sectoral specialisations that are in especially high demand in the context of the new sanctions economy and illustrates these with practical cases by leading law firms. BGP Litigation is listed as a recommended consultant in two areas – “Employment Contracts & Disputes” and “Life Science”.
Anna Ivanova, BGP Litigation Partner, comments: “Today’s labour market is the employer’s market, since many have lost their jobs, albeit with fairly good severance payments. It is disappointing to observe how courts approach labour disputes: thus, they are increasingly ruling in favour of employees based on subjective reasons. This discredits the attorneys defending employers, and even makes their presence in the litigation useless. Projections include an increase in unreported employment and fixed-term employment contracts, the lowering of salaries to the minimum and increase of the variable part of remuneration. Any grounds for firing employees other than an agreement between the parties will also drop to their minimum. We cannot rule out employers behaving more aggressively when letting go of their employees”.
The survey notes a case of BGP Litigation’s Employment Law practice, whose team represented an international pharmaceutical company in a project on the settlement of a wholesale redundancy of employees by mutual agreement.
Alexander Panov, Partner and Head of Life Sciences & Technology at BGP Litigation comments: “Although the relations that concern the circulation of medicines and medical products have been included among the exemptions from sanctions, the restrictions imposed by states are significantly affecting both the day-to-day operations of Russian and international pharmaceutical companies and the implementation of complex and unique projects. We are seeing a decrease in investments by foreign companies, logistics-related challenges, cessation of supplies of raw materials, ‘conflict-ridden’ contract terminations and refusals to enter into new contracts.”
The survey cites a case where BGP Litigation supported a major international pharmaceutical company. Our Life Sciences & Technology team efficiently resolved the client’s concerns related to the toughening requirements on information security applicable to the subjects of critical infrastructure in view of the enactment of Decree No. 250 of the President of the Russian Federation of 1 May 250 “On Additional Measures to Ensure the Information Security of the Russian Federation”.
Read the full survey and full description of BGP Litigation’s cases here.