Analytics and brochures

Pepeliaev Group advises that on 21 March 2011, the Russian Federal Financial Markets Service (“FFMS”) published on its official website a draft Order “On approving the Regulations on additional requirements in the procedure for preparing for, calling and holding a general shareholders’ meeting”. The draft provides for the amendment of rules for holding general meetings and for documenting the outcome of such meetings.

Pepeliaev Group advises that 11 March 2011 saw the entry into force of Federal Law No. 26-FZ dated 7 March 2011 “On amending the Criminal Code of the Russian Federation”.

Pepeliaev Group advises that on 7 June 2011 the Presidium of the Russian Supreme Arbitration Court will consider the value added tax exemption with regard to aircraft servicing provided in airports and Russia’s air space (Ruling No. VAS-17072/10 dated 9 March 2011).

Pepeliaev Group reminds you that tax rights and obligations depend on tax status, rather than on citizenship.

Pepeliaev Group reminds companies intending to hire foreign employees in 2012 that they need to submit their applications (the “Applications”)* stating their need for foreign employees no later than 29 April 2011.

As we advised in our migration alert of 1 March 2011, Federal Law No. 385-FZ “On amending certain laws of the Russian Federation” entered into force on 15 February 2011. The law introduced amendments to the procedure for the registration of foreign citizens for migration purposes. We also noted that the State Duma was considering a draft law that would restore some of the previous procedures of migration registration, albeit modified to some extent.