Home / People / Valeriy Fedoreev
Portrait of Valeriy Fedoreev

Valeriy Fedoreev

Partner
Head of Employment and Sports Law

Contact
SEAMLESS Legal
Naberezhnaya Tower, block C
Naberezhnaya Tower Block C - 10 Presnenskaya Naberezhnaya
123112 Moscow
Russia
Languages Russian, English

Valery Fedoreev is a partner heading Employment and Sports law practices.

He has over 25 years of experience working in the Russian legal services market, including work in the state prosecution office and as a top manager of one of the leading football clubs.

Valery specialises in advising clients on all aspects of employment law as well as compliance & internal investigations, employment disputes and sports law issues. He is also experienced in advising on corporate restructurings and liquidations.

In 2017, Valeriy was appointed by UNESCO as the national consultant for Russian anti-doping policy project.

more less

Sources appreciate Valeriy Fedoreev's practical approach: “He provided us with options and explained what the risks were in each case.” He has a background in both corporate and employment law, and is particularly singled out for his knowledge of sports law issues.

Chambers Europe 2015

Relevant experience

  • One of the largest international engineering companies – advising on business restructuring and sanctions legislation.
  • Japanese group of manufacturing companies – advising on business restructuring.
  • One of the largest German manufacturers of automotive equipment - advising on business restructuring.
  • American medical device company – advising on complex staff redundancy, including top management employment termination. Support during law enforcement inspections. Advising on cooperation with trade unions.
  • ALLIANZ – legal support on employment law issues.
  • Qatar Airways – advising on and representing in court on complex employment and criminal law issues, including issues related to employee compliance with legal and ethical standards, company policies, termination of employment, bringing former top managers to criminal liability.
  • Japan Airlines – advising on a wide range of employment law issues, including safety and health protection, changing working conditions, protecting the client from employee claims.
  • One of the largest Russian IT companies – advising on employment issues in connection with the expansion of the global business.
  • Gilead Sciences – full legal support on employment law issues.
  • One of the largest international cosmetics manufacturers – advising the client on general employment law issues, representing the client's interests in the State Labor Inspectorate.
  • UEFA – legal advice on hosting EURO 2020 matches in Russia.
  • Leading Russian and foreign athletes and coaches – advising on entering into employment contracts with sports clubs.
more less

Awards & Rankings

  • Best Lawyers 2022, Employment and migration
  • Chambers Europe 2021, Employment
  • Legal 500 2021, Employment
  • Kommersant 2020, Employment
  • “Valeriy Fedoreev is singled out by a client as a "very hands-on" practitioner. He advises on a wide range of mandates, from contentious employee relations and labour disputes to employment contracts and restructuring procedures.” // Chambers Europe 2021
more less

Education

  • 1998, Yaroslavl State University, Russia
  • 1995, Stonehill College, MA, USA 
more less

Feed

06/12/2022
SEAM­LESS Leg­al re­cog­nised by Pravo-300 2022
We are more than happy to share our first re­cog­ni­tion as SEAM­LESS Leg­al by the na­tion­al rank­ing Pravo.ru-300. This year SEAM­LESS Leg­al has earned 17 re­cog­ni­tions, in­clud­ing Band 1 award for the In­sur­ance...
25/07/2021
Rus­sia to re­quire some for­eign na­tion­als to un­der­go med­ic­al ex­ams, fin­ger­print­ing...
From 29 Decem­ber 2021*, cer­tain cat­egor­ies of for­eign na­tion­als will have to peri­od­ic­ally un­der­go med­ic­al ex­am­in­a­tions, as well as go through one-off fin­ger­print re­gis­tra­tion and pho­to­graph­ing.Be­low you...
16/06/2021
Em­ploy­ment and mi­gra­tion
In this chapter of Do­ing busi­ness in Rus­sia, we provide a gen­er­al de­scrip­tion of em­ploy­ment law pro­vi­sions as they ap­ply to all em­ploy­ees, as well as how they ap­ply to for­eign em­ploy­ees spe­cific­ally.
10/06/2021
CMS Rus­sia earns a re­cord num­ber of re­cog­ni­tions by Best Law­yers 2022
Strong re­cog­ni­tion by the rank­ing 32 CMS Rus­sia ex­perts have been se­lec­ted for in­clu­sion in­to the 2022 edi­tion of the Best Law­yers rank­ing. In total, we have earned 74 re­cog­ni­tions by the rank­ing :Ant­on...
16/04/2021
CMS Rus­sia in The Leg­al 500 EMEA 2021
The 2021 edi­tion of The Leg­al 500 EMEA re­cog­nises CMS Rus­sia across 10 prac­tice areas and hon­ours 10 firm ex­perts CMS Rus­sia has been ranked this year in the fol­low­ing 10 cat­egor­ies:Bank­ing & Fin­ance:...
28/03/2021
CMS pub­lished Ex­pert Guide on sexu­al har­ass­ment in the work­place
CMS pub­lished Ex­pert Guide on sexu­al har­ass­ment in the work­place.2020 has seen an un­pre­ced­en­ted peri­od of work­place change com­poun­ded by sig­ni­fic­ant per­son­al un­cer­tainty. As work­places around the world...
19/03/2021
CMS Rus­sia ranked in Cham­bers Europe 2021
CMS Rus­sia has been ranked in the fol­low­ing cat­egor­ies: Bank­ing & Fin­ance­Com­pet­i­tion/An­ti­trust Cor­por­ate/M&A: High-End Cap­ab­il­it­ies Em­ploy­ment Life Sci­ences TMT In­di­vidu­al ac­know­ledg­ment re­ceivedElena...
15/09/2020
Do­ing busi­ness in Rus­sia 2020
Gen­er­al back­groundThe Rus­si­an leg­al sys­tem gen­er­ally be­longs to the con­tin­ent­al European leg­al fam­ily. The leg­al struc­ture de­veloped at a rap­id pace dur­ing the 1990s. Dur­ing this peri­od, sig­ni­fic­ant re­forms were en­acted in al­most every area of law as the coun­try moved away from its So­viet com­mand eco­nomy.The Con­sti­tu­tion, fed­er­al laws and re­gion­al laws form the found­a­tion of the Rus­si­an leg­al sys­tem. Pres­id­en­tial ex­ec­ut­ive or­ders, de­crees of the Rus­si­an Gov­ern­ment and the de­cisions of vari­ous min­is­tries are used to sup­port and de­vel­op the pro­vi­sions of primary le­gis­la­tion.The Con­sti­tu­tion states that gen­er­al prin­ciples of in­ter­na­tion­al law and in­ter­na­tion­al treat­ies are part of the Rus­si­an leg­al sys­tem. Con­sequently, if Rus­sia is a sig­nat­ory to an in­ter­na­tion­al treaty con­tain­ing pro­vi­sions con­trary to the pro­vi­sions of any do­mest­ic le­gis­la­tion, the pro­vi­sions of the in­ter­na­tion­al treaty will pre­vail. The Con­sti­tu­tion, how­ever, takes pre­ced­ence over any con­tra­dict­ing pro­vi­sion of an in­ter­na­tion­al treaty.The Rus­si­an Civil Code (the “Civil Code”) sets out the found­a­tion of civil law and is the key source of law for busi­ness. As part of the re­form, sig­ni­fic­ant amend­ments to the Civil Code con­cern­ing cor­por­ate law and the law of ob­lig­a­tions came in­to force in Septem­ber 2014 and June 2015. These amend­ments form the most sig­ni­fic­ant de­vel­op­ment since the shap­ing of mod­ern cor­por­ate and com­mer­cial law in Rus­sia. Today, a num­ber of con­cepts which have for a long time been com­mon to in­ter­na­tion­al prac­tice in cor­por­ate, debt and gen­er­al com­mer­cial areas, are also re­cog­nised and widely used in Rus­sia, in par­tic­u­lar:cor­por­ate agree­ments;the “four-eyes” prin­ciple;the con­di­tion­al per­form­ance of ob­lig­a­tions;the concept of rep­res­ent­a­tions (“zaveren­iya ob ob­stoy­a­tel­stvakh”) (an in­ten­ded equi­val­ent of “rep­res­ent­a­tions” and “war­ranties” as used in con­tracts un­der Eng­lish law);the concept of the re­im­burse­ment of losses arising from the oc­cur­rence of cer­tain events spe­cified in a con­tract (the in­ten­ded equi­val­ent of the Eng­lish law concept of an “in­dem­nity”);new types of civil law con­tracts, such as op­tions, frame­work agree­ments and sub­scrip­tion agree­ments;rules for the con­duct of ne­go­ti­ations to con­clude a con­tract; andnew mech­an­isms to se­cure the per­form­ance of con­trac­tu­al ob­lig­a­tions by the parties.These highly sig­ni­fic­ant changes to the Civil Code are in­ten­ded to ac­com­mod­ate the grow­ing trend of sub­mit­ting com­plic­ated trans­ac­tion doc­u­ments to Rus­si­an law and Rus­si­an courts in­stead of Eng­lish law and in­ter­na­tion­al ar­bit­ra­tion which were tra­di­tion­ally the “well-trod­den path” in Rus­sia. It is yet to be seen how the new con­cepts and pro­vi­sions will be en­forced by courts and ar­bit­ral tribunals. Nev­er­the­less, in prac­tice, com­pan­ies are act­ively us­ing the new con­cepts in their pro­jects.WTO­Fol­low­ing 18 years of ne­go­ti­ations, Rus­sia fi­nally joined the World Trade Or­gan­isa­tion in sum­mer 2012 (please see the Cus­toms reg­u­la­tions chapter).At the time, WTO ac­ces­sion sent a pos­it­ive sig­nal to for­eign in­vestors. However, not­able changes such as a ma­ter­i­al drop in tar­iffs on im­por­ted goods and changes to the quotas for for­eign par­ti­cip­a­tion in the in­sur­ance sec­tor have not yet come in­to ef­fect be­cause of the long grace peri­ods that are al­lowed. For ex­ample, un­der WTO rules, for­eign in­sur­ance com­pan­ies will be able to open branch of­fices in Rus­sia, but this is not re­quired to take ef­fect un­til nine years after ac­ces­sion. The rel­ev­ant bill to im­ple­ment this change is in pro­gress and has yet to be sub­mit­ted to the State Duma.For­eign in­vest­ment Leg­al reg­u­la­tionThe main le­gis­lat­ive act gov­ern­ing for­eign in­vest­ments is Fed­er­al Law No. 160-FZ “On For­eign In­vest­ment in the Rus­si­an Fed­er­a­tion” dated 9 Ju­ly 1999. This law states that for­eign in­vestors and in­vest­ments will be treated no less fa­vour­ably than do­mest­ic in­vestors and in­vest­ments, sub­ject to cer­tain wide-ran­ging ex­cep­tions.Ex­cep­tions/re­stric­tions may be in­tro­duced, amongst oth­ers, to pro­tect the Rus­si­an con­sti­tu­tion­al sys­tem; the mor­al­ity, health and rights of third parties; or in or­der to en­sure state se­cur­ity and/or de­fence. Some of the sec­tors con­cerned are com­men­ted on sep­ar­ately be­low. By and large, for­eign in­vest­ment is per­mit­ted in most sec­tors of the Rus­si­an eco­nomy, in­clud­ing in­vest­ment in port­fo­li­os of gov­ern­ment se­cur­it­ies, stocks and bonds, dir­ect in­vest­ment in new busi­nesses, in the ac­quis­i­tion of ex­ist­ing Rus­si­an-owned com­pan­ies and in joint ven­tures.For­eign in­vestors are pro­tec­ted against na­tion­al­isa­tion or ex­pro­pri­ation, un­less this is provided for by fed­er­al law. In these cases, for­eign in­vestors are en­titled to re­ceive com­pens­a­tion for their in­vest­ment and oth­er losses.Ex­clu­sions/re­stric­tionsIn ad­di­tion to the so-called “Stra­tegic In­dus­tries Law” (please see the Com­mon forms of busi­ness struc­tures for for­eign in­vestors chapter), re­stric­tions on for­eign in­vest­ment ex­ist not­ably in the in­sur­ance and bank­ing sec­tors.Fed­er­al Law No. 4015-1 “On In­sur­ance” dated 27 Novem­ber 1992 cur­rently pro­hib­its for­eign in­vestors from own­ing more than 25% of the total mar­ket for do­mest­ic in­sur­ance. In­sur­ance com­pan­ies in which for­eign share­hold­ers own more than 49% of the charter cap­it­al may not en­gage in cer­tain types of in­sur­ance busi­ness, in­clud­ing, for ex­ample, life as­sur­ance. The ex­ist­ing lim­it­a­tions will be partly lif­ted by the le­gis­lat­ive amend­ments which will be con­sidered in con­nec­tion with WTO ac­ces­sion.In the bank­ing sec­tor, the Cent­ral Bank of Rus­sia has the right to use re­ci­pro­city as a cri­terion to spe­cify the types of busi­ness that sub­si­di­ar­ies or branches of for­eign banks may be li­censed to op­er­ate in Rus­sia. In prac­tice, how­ever, branches of for­eign banks are not able to carry out any bank­ing activ­it­ies on the Rus­si­an mar­ket. Ad­di­tion­ally, a ceil­ing on the total amount of for­eign bank cap­it­al, as a per­cent­age of the total bank cap­it­al in Rus­sia, can be im­posed by fed­er­al law; how­ever, no such lim­it ap­plies at the time of writ­ing. Un­der WTO rules, any such ceil­ing may not be less than 50%.Sanc­tionsIn 2014, the European Uni­on and the United States of Amer­ica (among oth­ers) im­posed in­di­vidu­al sanc­tions on cer­tain Rus­si­an and Ukrain­i­an na­tion­als and en­tit­ies that they be­lieve to be re­spons­ible for the ac­tions which led to the de­clar­a­tion of sov­er­eignty by Crimea, and sub­sequently, it be­com­ing part of the Rus­si­an Fed­er­a­tion. Sanc­tions tar­get­ing cer­tain sec­tors of the Rus­si­an eco­nomy (or so-called “sec­tor­al sanc­tions”), as well as re­gion­al sanc­tions pro­hib­it­ing cer­tain eco­nom­ic activ­ity re­lated to Crimea and Sevastopol, have also been ad­op­ted.In re­tali­ation, Rus­sia ad­op­ted coun­tersanc­tions to pro­hib­it the im­port of cer­tain ag­ri­cul­tur­al products, raw ma­ter­i­als and food­stuffs from coun­tries that have im­posed sanc­tions on Rus­sia. In par­al­lel, it also launched an im­port sub­sti­tu­tion policy (please see the Im­port sub­sti­tu­tion and pro­duc­tion loc­al­isa­tion in Rus­sia chapter).2018 marked a turn­ing point in terms of sanc­tions for Rus­sia. In May, the US en­acted le­gis­la­tion that may res­ult in non-US per­sons be­ing held li­able for know­ingly fa­cil­it­at­ing “sig­ni­fic­ant trans­ac­tions” for or on be­half of per­sons sanc­tioned un­der Ukraine-/Rus­sia-re­lated sanc­tions im­posed by the US (so-called “sec­ond­ary sanc­tions”). In Oc­to­ber 2018, the EU ad­op­ted a new sanc­tions frame­work in con­nec­tion with the use and pro­lif­er­a­tion of chem­ic­al weapons which does not ex­pressly tar­get Rus­sia, but is ex­pec­ted to be used against Rus­sia in fu­ture.Again, Rus­sia re­acted to these de­vel­op­ments. Firstly, it ad­op­ted a frame­work law on meas­ures against un­friendly ac­tions of the US and oth­er for­eign states in June 2018 and im­posed the first sanc­tions un­der such law against Ukrain­i­an in­di­vidu­als and leg­al en­tit­ies in Novem­ber 2018. Secondly, it im­posed du­ties on a se­lec­tion of goods im­por­ted from the US from 6 Au­gust 2018. Thirdly, a ban on the im­port to Rus­sia of a num­ber of goods of Ukrain­i­an ori­gin or trans­it­ing through Ukraine was de­clared in Decem­ber 2018 and ex­pan­ded in scope in Decem­ber 2019.Sanc­tions against Rus­si­aEven though each na­tion­al sanc­tions re­gime will vary in scope, the re­stric­tions im­posed can be broadly char­ac­ter­ised as fol­lows.Un­der the in­di­vidu­al sanc­tions re­gime, travel re­stric­tions and as­set freezes have been im­posed on in­di­vidu­als and en­tit­ies lis­ted un­der the rel­ev­ant leg­al acts.Sec­tor­al sanc­tions have been im­posed on the fol­low­ing sec­tors of Rus­si­an eco­nomy:En­ergy sec­tor: the sale, sup­ply, trans­fer or ex­port of items for cer­tain types of oil ex­plor­a­tion and pro­duc­tion pro­jects in Rus­sia and the pro­vi­sion of as­so­ci­ated ser­vices are pro­hib­ited, or sub­ject to pri­or au­thor­isa­tion by the com­pet­ent au­thor­it­ies of the ex­port­ing coun­try. De­part­ing from pre­vi­ous widely worded pro­hib­i­tions, in Decem­ber 2019, the US ad­op­ted a tar­geted ap­proach in the en­ergy sec­tor by re­strict­ing activ­it­ies con­nec­ted with the con­struc­tion and op­er­a­tion of the Nord Stream 2 and Turk­Stream pipelines.Fin­an­cial sec­tor: ma­jor Rus­si­an fin­an­cial in­sti­tu­tions, as well as cer­tain de­fence and en­ergy com­pan­ies, have been pro­hib­ited from deal­ing with bonds, equity or sim­il­ar fin­an­cial in­stru­ments with a ma­tur­ity ex­ceed­ing 14, 30 or 90 days. It is also pro­hib­ited to make loans or cred­it avail­able to any of the en­tit­ies covered by the meas­ures.De­fence sec­tor: Rus­sia is sub­ject to a weapons em­bargo. In ad­di­tion, sup­ply­ing dual use goods and tech­no­logy to Rus­sia is sub­ject to in­di­vidu­al au­thor­isa­tion by the re­spect­ive au­thor­it­ies of the ex­port­ing coun­try. The au­thor­isa­tion will be denied if those items are in­ten­ded for mil­it­ary use or for a mil­it­ary end-user. This type of sanc­tion also af­fects the man­u­fac­ture of civil goods and equip­ment.The activ­it­ies pro­hib­ited un­der re­gion­al sanc­tions in­clude im­port­a­tions from and ex­port­a­tions to Crimea, as well as mak­ing new in­vest­ments (either in gen­er­al or in cer­tain sec­tors).As a res­ult of some re­cent meas­ures aimed at the Rus­si­an state, US banks can no longer par­ti­cip­ate in the primary mar­ket for non-rouble de­nom­in­ated bonds is­sued by the Rus­si­an sov­er­eign and lend non-rouble de­nom­in­ated funds to the Rus­si­an sov­er­eign.Sanc­tions im­posed on Rus­sia are not pro­hib­it­ing all com­mer­cial activ­ity. They are fo­cus­ing on very spe­cif­ic in­di­vidu­als, en­tit­ies, re­gions and eco­nom­ic sec­tors. Com­pan­ies wish­ing to con­tract with Rus­si­an en­tit­ies should carry out en­hanced due di­li­gence to en­sure that they do not be­come in­volved in activ­it­ies pro­hib­ited un­der the rel­ev­ant sanc­tions re­gime.Lob­by­ing­Giv­en how slowly the leg­al cul­ture has de­veloped in Rus­sia, busi­nesses tend not to ex­pend their lob­by­ing ef­forts on at­tempt­ing to in­flu­ence the draft­ing of new laws or the ac­tions of those draft­ing them. In­stead, busi­nesses tend to seek de facto spe­cial treat­ment, such as tax de­fer­ments, cus­toms be­ne­fits, op­er­a­tion li­cences and the right to en­gage in cer­tain kinds of activ­ity. In do­ing so, how­ever it may be that these com­pan­ies ex­pose them­selves un­duly to “polit­ic­al risk” upon any change of ad­min­is­tra­tion and com­pan­ies en­ter­ing the mar­ket need to con­sider how se­cure such con­ces­sions might be for their busi­ness in the long term.There are not many leg­ally re­cog­nised lob­by­ing as­so­ci­ations with a large mem­ber­ship base. Prom­in­ent ex­amples of as­so­ci­ations that do ex­ist are the As­so­ci­ation of Rus­si­an Banks, the Cham­ber of Com­merce and In­dustry of the Rus­si­an Fed­er­a­tion, the Fed­er­a­tion of In­de­pend­ent Trade Uni­ons of Rus­sia and the Uni­on of In­dus­tri­al­ists and En­tre­pren­eurs.Back to top ↑ “The Rus­si­an Civil Code sets out the found­a­tion of civil law and is the key source of law for busi­ness.”  me­di­um­me­di­um­me­di­um
06/08/2020
E-visas to be avail­able for Rus­sia
From 1 Janu­ary 2021, for­eign na­tion­als will be able to enter Rus­sia with elec­tron­ic visas at bor­der con­trol posts to be spe­cified by the Rus­si­an gov­ern­ment in a sep­ar­ate doc­u­ment.Be­low you will find...
04/06/2020
CMS Rus­sia earns 58 re­cog­ni­tions by Best Law­yers 2021
Strong re­cog­ni­tion by the rank­ing 26 CMS Rus­sia ex­perts have been se­lec­ted for in­clu­sion in­to the 2021 edi­tion of the Best Law­yers. In total, we have earned 58 re­cog­ni­tions by the rank­ing:Ant­on Bankovskiy...
17/04/2020
Vedo­mosti | HR Alert!
The coronavir­us is here, and most busi­nesses have to im­ple­ment a num­ber of anti-crisis HR meas­ures.We cor­di­ally in­vite you to join us for the we­bin­ar series HR Alert! or­gan­ised by the Rus­si­an me­dia com­pany Vedo­mosti.In...
16/04/2020
The Leg­al 500 2020: CMS is among the lead­ing law firms in Rus­sia
The 2020 edi­tion of The Leg­al 500 EMEA re­cog­nises CMS Rus­sia across 11 prac­tice areas and hon­ours 12 firm ex­perts This year CMS Rus­sia has been ranked in the fol­low­ing 11 cat­egor­ies:Bank­ing & Fin­ance:...