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07.10.2015 Russian Federation Trademarks Russia Adopts Three New IP-Related Regulations PETOSEVIC PETOSEVIC

The Russian government has recently adopted three IP-related regulations.

On June 22, 2015, the Ministry for Economic Development adopted the federal valuation standards for intangible assets and intellectual property (FSO No. 11), describing methods and procedures for valuing IP rights and intangible assets, such as the rights and obligations under agreements and contracts and commercial goodwill. FSO No. 11 will come into force after several old valuation standards are repealed and after Orders No. 297-299 of the Ministry for Economic Development, on the general principles of valuation, enter into force.

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