Joint webinar “COVID-19: impact on foreign trade contracts” organised by RGP, REC and CCI of Russia generated strong interest among exporters

On 21 April 2020, law firm Rybalkin, Gortsunyan and Partners (RGP) joined forces with the Russian Export Center Group (REC) and the Chamber of Commerce and Industry of the Russian Federation (CCI) to hold a webinar “COVID-19: impact on foreign trade contracts.” The online event was attended by 144 participants, including exporters and representatives of Russian trade delegations, the legal and expert communities, and media.

RGP was represented by the firm’s partner Ilya Rybalkin who acted as a webinar moderator while the RGP speakers were counsel Yuri Makhonin, partner Ivan Meleshenko and associate Marina Abazyan.

A welcome address at the webinar was given by Ivan Gudkov, Vice President for Legal Affairs of the Russian Export Center Group, and Stanislav Georgievsky, Vice President of REC JSC.

Vladimir Padalko, Vice President of the CCI of Russia, shared information with the audience on the issuance of force majeure certificates to Russian entrepreneurs.

Yuri Makhonin spoke about the pandemic as a force majeure event and how to protect one’s interests in case of default of foreign trade contracts as a result of this background. Ivan Meleshenko explained the current requirements for the repatriation of foreign currency proceeds. Marina Abazyan gave recommendations to suppliers with respect to existing and new contracts during the pandemic.

Ilya Rybalkin noted: “We are grateful to the Russian Export Center and the Russian Chamber of Commerce and Industry for giving us an opportunity to host such a successful joint webinar, and we hope that we have succeeded in describing the most pressing problems of COVID-19 impact on foreign trade contracts and in supporting the participants. A working group fightCOVID19 established by RGP and consisting of our leading dispute resolution and corporate specialists is available to urgently deal with any incoming requests”.

If you would like to receive a copy of the presentation used at the webinar, please contact us at fightCOVID19@rgp.legal. You can find the recording of the webinar here.

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Rybalkin, Gortsunyan & Partners is an independent law firm established in 2018 in Russia, supporting clients from all over the world in their business dealings involving Russia and CIS countries. In addition, our firm offers unparalleled expertise in foreign legal matters to Russian companies with significant international presence.

We are a cohesive team of seasoned professionals, highly ranked in all aspects of dispute resolution and corporate work and with significant international expertise, gained in leading international law firms.

Our lawyers have worked on the largest corporate deals, investigations and disputes in the history of modern Russia and represented clients in 175 jurisdictions worldwide.