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New sanctions which affect businesses’ rights and interests in Russia

On 16 July 2014 the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury extended its Specially Designated Nationals List (the “SDN List”) with respect to the Ukrainian crisis. Additions have ...

New Developments in Legal Regulation of Relationships Regarding Trade Names

With the adoption of Federal Law No. 35-FZ dated March 12, 2014, amending parts one, two and four of the Civil Code, other items of Russian legislation, the legal regulation of trade names continues to be developed. To some extent, the changes...

B2B: Subsidies For Car Manufacturers

Based on Federal Law No. 89-FZ 'On manufacturing and consumption waste' dated 24 June 1998 and with a view to safeguarding the interests of Russian car manufacturers in conditions where import duty rates for cars were being reduced, the Russian...

Russian authorities to offer tax amnesty for offshore companies

The Finance Ministry has decided to grant a 2-year amnesty for offshore companies that have Russian owners if they move their assets to Russia. The draft law drawn up at the Finance Ministry forms part of a large-scale deoffshorization program....

Overview of tax events for June 2014

Russian President Vladimir Putin has signed a law allowing Russian banks to transfer information on US taxpayers to US tax services.

Paying tax based on the cadastral value vs. implementing the principle of a stable business environment

Some time ago, the Russian Constitutional Court set out the principle of a stable business environment. This principle stipulates that "for the purpose of planning its business activities, a taxpayer should be informed in a timely manner...

Merging courts: Change will come

It is beyond doubt that merging the Russian Supreme Court and the Russian Supreme Commercial (‘Arbitration’) Court will affect the way all cases are considered, antimonopoly cases among them. This change can be attributed less to...

Joining the federal aviation industry agreement for 2014 -2016

On 6 June 2014, Rossiyskaya Gazeta published a Letter of the Russian Ministry of Labour and Social Protection (the 'Ministry') in relation to joining the Russian Aviation Industry Agreement for 2014-2016 (the 'Agreement').

The State Duma has passed in the second reading a set of amendments to the Land Code

Pepeliaev Group advises that on 23 June the Federal Law No. 171-FZ “On amending the Russian Land Code and certain items of Russian legislation” was adopted to the extent of improving the procedure for state and municipally-owned...

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