26 Oct 2016

Conference Overview: Russia: Boosting Economic Growth and Expanding Opportunities for Investment

On September 22, 2016 Mikhail Emelyannikov, an expert in the fields of Information Security, Personal Data Protection, Trade Secrets and State Control of Privacy, spoke at the American Chamber of Commerce in Russia (AmCham) conference. In his report, Mikhail spoke about the “On Personal Data” law, explaining the legal amendments introduced and dwelled on the difficulties that the trade secret owners and personal data operators might come across. Mr. Emelyannikov talked about the fact that many users of the Salesforce CRM system have found it very difficult to comply with the amendments to Federal Law No. 242. Luckily, the market now offers solutions developed specifically for that purpose. DFG152 is one of the solutions. It enables usage of foreign CRM systems (like Salesforce) in consideration of the new legal requirements.

It was the 16th AmCham conference in an annual series which the chamber dedicated to the issues of business development and investment. The topic of this year’s discussion was: “Russia: Boosting Economic Growth and Expanding Opportunities for Investment”. The event hosted 200 business executives, representatives of the state authorities, an expert community, and mass media. The conference was hosted at Four Seasons Hotel in Moscow.

The speakers included: Alexis Rodzianko (President and Chief Executive Officer, American Chamber of Commerce in Russia, Daniel Thorniley (President, DT-Global Business Consulting), Aleksandr Ivlev (Managing Partner, EY Russia), Andrey Shemetov (Vice-President, Head of the Global Markets Department, Sberbank CIB), Thomas Graham (Managing Director, Kissinger Associates, Inc.), Daniel Russell (President, General Director, US-Russia Business Council), Andrey Streltsov (Head of Department for Strategies, Business Development and Financial Markets, United Company RUSAL), Mikhail Emelyannikov (Managing Partner, Emelyannikov, Popova i Partnery), Vasiliy Osmakov (Deputy Minister of Industry and Trade of the Russian Federation), Maksim Smirnov (President, Arkonik Russia), and Maher Batruni (Chief Executive Officer, Wrigley Russia).

The main program of the conference focused on the prospects of economic growth in Russia, a discussion of the investment climate in the country, as well as on the ways to manage the consequences of sanctions. The representatives of the national and foreign business community also tackled the issues of personal data processing and information security.

The American Chamber of Commerce in Russia is a leading foreign association of the business community in the country. It represents the interests of about 500 companies involved in various economic fields in the USA, Russia, Europe, and Asia.

26 Oct 2016

2016 Collection Law Changes

After many years of discussions, disputes and amendments, Federal Law No. 230-FZ
on debt collectors entitled “On Protection of Rights and Legal Interests of Individuals in Conducting Activities on Returning Overdue Debt and on Amending the Federal Law On Microfinance Activities and Microfinance Organizations” was finally adopted on July 3, 2016. The mass media would then refer to it as the “anti-collector” law.

The main purpose of that legal document is to protect the rights of borrowers and to have the relationship between debt collectors and debtors governed by legal standards.

Apart from the limitations introduced with respect to the time and number of contacts with the debtor, it is now officially prohibited to provide personal data or any other information about the borrower to third parties.

As previously communicated by Roskomnadzor, credit organizations and debt collecting agencies have become leaders in the number of registered complaints from citizens in association with breaches in the processing of their personal data. In 2015, Roskomnadzor received many complaints with respect to the actions of the credit organizations related to the transfer of personal data without the debtors’ consent.

Mikhail Emelyannikov, an expert in the field of Information and Business Security, comments in his blog on what changes the new law will bring about, what awaits the borrowers, lenders and collection agencies, as well as on the bans and limitations established for the lenders and borrowers.”

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