The area of contract law seems to be an indicator of economic progress: a more developed economy needs a more developed law of contract. This is because a contract appears to be the best instrument for optimizing social costs and benefits;...
On 8 March, the Russian President signed the federal law “On amending the second part of the Russian Tax Code”. It clarifies the rules for accounting for income (expenses) from transactions with debt instruments.
Today's economic environment in Russia is highly unstable. However, rights to intellectual property assets are monopolistic in nature and, moreover, may be protected over an extended period of time. Bearing this in mind, there is continued...
Transactional work varies from jurisdiction-to- jurisdiction with the ebb and flow of various economic cycles, but a prevailing theme across the EMEA region has been that more and more advisory firms are urging taxpayers to prepare for the...
One of the significant events on the legal market in 2014 came when Roman Bevzenko left his post as head of the Private Law Division at the Russian Supreme Commercial Court to join Pepeliaev Group as a partner. Moving from public office into...
The ongoing crisis in the Russian economy has had a significant impact on the practice of applying bankruptcy law and on its development. This is amply demonstrated by the increase of around a 30% growth in bankruptcy cases in 2014. The amount...
An amended draft law has been put before the State Duma which makes the term “controlled indebtedness” more specific when interest under debt obligations is included in expenses (the “thin capitalisation” rules).
Last night, international law firm Stephenson Harwood LLP hosted a roundtable event focusing on how Russia is introducing fundamental changes to its tax legislation by adopting new rules on controlled foreign companies (CFCs). The new rules...
