CTC Media, Inc. (CTC Media, or the Company) (NASDAQ: CTCM), a leading independent Russian media company, appointed EPAM to advise on potential responses to the recent amendments to the Russian law “On Mass Media,” which will impose further restrictions on foreign ownership of media businesses in Russia.
In 2012, an international criminal gang stole over $2 million from a US financial organisation. The money stolen was pulled through a chain of intermediary banks down to a local Krasnodar bank in Russia for further cashing out.
Olga Mischenko has been appointed as Head of Construction and PPP Practice at St. Petersburg office of EPAM.
On October 22, 2014, URALSIB OJSC announced it had successfully closed a second deal on securitization of the mortgage portfolio supported by the EPAM’ Banking & Finance and Capital Markets team.
Associates of the banking & finance/capital markets practice provided the legal support for the reorganization procedure of NIKIMT-Atomstroy OJSC in the form of spin-off of Zheleznogorskaya TEC OJSC.
By its decision issued on 29 September 2014 the Vologda Region Arbitrazh Court has fully dismissed the opponent’s claim to invalidate the Russian utility model patent held by ZAO Ultracraft. The utility model refers to the innovative technology for ultrasonic testing of steel structures used for high-tech equipment supplied by the client to Germany, Japan, etc.
On 10 October, 2014 Formula 1 Russian Grand Prix - the highest class of single-seat auto racing - will start at Sochi Autodrom. EPAM has provided legal support on a number of issues related to the championship preparation.
By proving the accuracy of information distributed by the Client, EPAM has defended the interests of Cortem-Goreltex, a major Russian manufacturer of explosion-proof equipment, in a dispute regarding the protection of business honour, integrity, and reputation.
Associates of EPAM have succeeded in defending a client’s interests in the Supreme Court and in negotiations with the bank, reaching a settlement agreement for the client’s benefit.
On July 1, 2014 the EPAM team managed to reverse the Ruling of the Federal Arbitrazh Court of the Volga District dd. February 7, 2014 to force OJSC Transammiak into a contract to transport liquid ammonium with OJSC Minudobreniya. The dispute was remanded for a new trial, whilst the claims of OJSC Transammiak and OJSC Togliattiazot in relation to the supervisory review of judicial decisions previously taken in the case, were satisfied.
EPAM is pleased to announce new appointments in its Moscow office. Effective July 1, 2014 the Firm appoints Elena Gavrilina as a Partner of Real Estate and Construction practice. Leading practice experts Alexander Vaneev and Vera Rikhterman have become Counsel.
The Banking & Finance, Capital Markets team at EPAM has successfully completed the legal support of two transactions to securitise the mortgage assets of the Housing Finance Bank (ZAO Bank ZhilFinance).
On 27 June 2014 a business breakfast meeting took place at the St. Petersburg Law Office of EPAM under the header ‘New Civil Code Regulations for Legal Entities’.
On June 18, 2014, on the first day of IV St. Petersburg International Legal Forum, EPAM held lunch “Antitrust regulation: tendencies, problems and solutions”. More than 80 representatives of large business came to discuss the most actual issues of antitrust regulation in the open dialog with the Federal Antimonopoly Service (the FAS) of the Russian Federation.
On May 20, 2014, Shanghai hosted a business discussion involving Boris Titov, the Russian Presidential Commissioner for Entrepreneurs’ Rights, Robin Wittering and Mikhail Kazantsev, Partners at EPAM, as well as Chinese business and legal community representatives. The meeting was organised by EPAM and held during Vladimir Putin’s official visit to China.