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.