On 15/07/2022 the Russian authorities announced their refusal to sanction the sale of shares of foreign banks operating in Russia. This signifies a de facto “freeze" of the composition of shareholders of credit institutions with foreign capital for an indefinite time.
In June, 2022, several scientific papers by the L&P attorneys were published in the leading Russian academic journals. Of particular interest are the articles by Anton Minakov, in which he carried out a thorough legal and historical analysis of the phenomenon of municipal credit institutions, previously fairly widespread in Russia.
On 29/06/2022 the State Arbitration Court of the City of Moscow concluded the widely-publicized trial for recovery of damages from ex-shareholders and top-managers of PJSC “Promsvyazbank” (PSB). The team of attorneys supervised by Alexander Linnikov represented a person that, up to December of 2017, worked as a member of the Executive Board of the bank.
On 29/06/2022 Alexander Linnikov and Prof. Irina Abanina, one of the leading scientists of the Financial University under the Government of Russia, shared the findings of their recent academic research on practical means to promote growth and development of technological SMEs in the context of sanctions with the readers of Russia’s leading business periodical “Kommersant”.