Pepeliaev Group advises that the State Duma has passed two laws that relate to currency transactions. Moreover, draft amendments are being prepared to the Bank of Russia’s Instructions No. 138-I dated 4 June 2012, which deal with currency control.
Pepeliaev Group highlights the significantly expanded range of possibilities for resolving commercial disputes and litigation arising out of civil law and other legal relationships by means of a new type of service – conciliation involving an intermediary
Pepeliaev Group advises that on 9 April 2013 the Presidium of the Russian Supreme Commercial (‘Arbitration’) Court issued a ruling concerning the case of Citibank. In the ruling, the Court resolved the issue of taxable income arising when VIP clients receive bonuses from banks.
Pepeliaev Group advises that Federal Law No. 44-FZ “On the system of public procurement contracts for products, work or services for state and municipal needs” was adopted on 5 April 2013.
