Analytics and brochures
Law firm Pepeliaev Group draws your attention to recommendations of the Presidium of the Russian Supreme State Commercial ('Arbitration') Court (the 'SSCC') with regard to applying the criteria for disputes being considered by state commercial ('arbitration') courts to be regarded as complex. Using these recommendations may assist in the development of the practice for recovering legal expenses.
Pepeliaev Group advises that Federal Law No. 218-FZ dated 21 July 2014 has expanded the list of cases when funds may be credited to foreign accounts of Russian residents and has provided for an obligation on the part of individuals who are Russian residents to provide reports to the tax authority concerning operations on foreign accounts.
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 been made both to the general and to the sectoral parts.
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').
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 land plots to be provided. This Federal Law enters into force on 1 March, 2015 except for particular provisions.
Pepeliaev Group advises that on 30 May 2014 the Plenum of the Russian Supreme Commercial ('Arbitration') Court adopted a Resolution concerning issues arising when VAT is being charge. With this explanation adopted, significant changes will be introduced to the practice of implementing chapter 21 "Value-added tax" of the Russian Tax Code. Please note the most important provisions of the Resolution which entail material risks or create fresh opportunities.