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Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Global | Publication | December 29, 2015
On December 28, 2015, President Putin signed Decree No. 669 (the "Decree") amending previously issued Decree No. 583 on certain economic sanctions against the Republic of Turkey.
Pursuant to the Decree, not only are companies under the jurisdiction of the Republic of Turkey prohibited or restricted from providing certain works and rendering certain services on the territory of the Russian Federation, but also any companies controlled by either citizens of the Republic of Turkey or companies under the jurisdiction of the Republic of Turkey. The list of such works and services will be issued separately by the Russian government (as of December 29, 2015, no such list has been published).
According to the Decree, the term "control" shall have the meaning defined in the Strategic Law, which states that a company shall be deemed to be under the control of another person if one of the following is present:
Additionally, according to the official website of the Russian government, a list of Russian employers exempt from the ban on employment of Turkish citizens was adopted by the Russian government on December 24, 2015. The referenced list includes 53 companies in the construction, automotive, building materials, plastic pipes and fittings, sanitary ware and flooring sectors. As of December 29, 2015, such list has been published.
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Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
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The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
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The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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