Corporate law / M&A

Covid-19: timeframes for disclosing consolidated financial statements in 2020; Internal auditing and the public regime of a public joint-stock company

Pepeliaev Group advises that amendments are pending adoption to a number of legal provisions regulating individual aspects of the activities of a public joint-stock company, and the procedure and timeframes for submitting and disclosing consolidated financial statements against the backdrop of the COVID-19 pandemic.

A number of amendments have been made to the provisions of the Code of Administrative Offences

In the context of the pandemic and different measures taken by the authorities, a number of amendments have been made to the provisions of the Code of Administrative Offences which significantly increase administrative sanctions for legal entities.

Changes in the procedure for absentee ballots on items on the agenda of general meeting in joint-stock companies Pepeliaev Group advises that there have been changes in the procedure for absentee ballots on items on the agenda of general meetings in joint-stock companies. This is linked to the adoption of Federal Law No. 50-FZ.

New clarifications on how resolutions of business entities must be certified

Pepeliaev Group draws your attention to the clarifications provided by the Federal Notarial Chamber regarding the Russian Supreme Court’s legal positions on how to confirm a resolution adopted by a general meeting.

Introducing the electronic visa regime for foreign nationals crossing the Russian border through checkpoints in St Petersburg and Leningrad region Pepeliaev Group advises that there is an opportunity to obtain an ordinary single-entry business, tourist or humanitarian visa in electronic form for foreign nationals travelling to St Petersburg and Leningrad Region.

Registration rules for unmanned aerial vehicles with a maximum gross weight from 0.25 kg to 30 kg Pepeliaev Group advises of the entry into force of Resolution No. 658 of the Russian Government “On approving the Rules for the registration of unmanned aerial vehicles with a maximum gross weight from 0.25 kilograms to 30 kilograms imported into the Russian Federation or manufactured in the Russian Federation” dated 25 May 2019.

Labelling requirements in Russia (supplements, sport nutrition and water) Rospotrebnadzor’s proposal to introduce mandatory labelling of supplements, sport nutrition and water.

A law has been adopted that prohibits the provision of hotel services in residential premises of apartment buildings from 1 October 2019 On 1 October 2019 the amendments to the Russian Housing Code will come into force. These amendments have been made pursuant to Federal Law No. 59-FZ dated 15 April 2019 , which prohibits the use of residential premises in an apartment building for the provision of hotel services.

Escrow: new developments in the area of escrow of paperless securities Law Firm Pepeliaev Group advises that rules for escrow of paperless securities have been clarified.

New regulation of digital rights

Pepeliaev Group advises that a draft law has been adopted in the third reading, which amends the Russian Civil Code in the sphere of digital rights.

Explanations of the Russian Supreme Court regarding transportation by motor vehicles and freight forwarding activities Pepeliaev Group advises that the Plenum of the Russian Supreme Court (the “Supreme Court”) has provided explanations on a number of matters which arise in the practice of the application of legislation concerning contracts for transportation by motor vehicles of cargo, passengers, and luggage, and freight forwarding contracts.

Regulations for loan agreements have changed

Pepeliaev Group advises that, on 1 June 2018, the law “On financial transactions” will come into effect which amends certain regulations concerning loan agreements.