Analytics and brochures

On 17 February 2011, the Plenum of the Russian Supreme Arbitration Court (the “SAC”) adopted its Resolution No. 11. This clarified issues concerning the application of a particular part of the Russian Code on Administrative Offences (the “CoAO”) which concern administrative breaches relating to the protection of property, environment and nature management, construction activities, unlawful use of a trade mark, and competition in bad faith, and also in connection with issues relating to hiring foreign workers and registering them for migration purposes.

Pepeliaev Group advises that on 24 April 2011, the Russian Supreme Arbitration Court published on its official website Resolution No. 14233/10 of the Court’s Presidium dated 17 March 2011. The Resolution considered the issue of the payment of interest on a late refund of VAT (clause 10, article 176 of the Russian Tax Code) in cases in which a taxpayer who has submitted a tax return declaring an amount of VAT to be refunded has not applied to the tax authority for the tax in question to be refunded.

The Law governs relationships involving the use of electronic signatures in completing civil law transactions, rendering state and municipal services, and performing state and municipal functions as well as when other legally significant actions are performed (article 1 of the Law).

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).