Ekaterina Sechkareva

In 2019, major changes for the recent years — the so-called procedural revolution — took place. On October 1, three key laws that reform the system of general jurisdiction courts and change the rules of court procedure came into force.

Under the current circumstances, proper execution of transactions between foreign counterparties has become significantly harder.

On July 31, Federal Law No. 259-ФЗ “On Digital Financial Assets, Digital Currency and Amendments to Certain Legislative Acts of the Russian Federation” was published. The Law will allow to convert traditional financial instruments into a digital form and increase the number of ways to attract investments.

In 2020, significant changes were made to currency regulation and currency control, as well as to liability for violations of the established procedure in this area.