Analytics and brochures

The key provisions of the overview of court practice been prepared by the Russian Supreme Court relating to cases over the protection of consumers’ rights that apply to the sale of goods via the Internet.

On 18 October 2023 the draft law “On amending ‎the Federal Law “On protecting competition" was published for public discussion on the federal portal of drafts of legal and regulatory instruments.

The State Commercial Court for the Moscow Circuithas confirmed the position of the appeal court, according to which a sale and purchase agreement of real estate entered into in the absence of the consent of the Government Commission on Monitoring Foreign Investment in the Russian Federationis an invalid transaction.

The general approaches of courts to issues connected with court appointed administrators participating in bankruptcy cases are listed in the Overview of Case Law dated 11 October 2023.

The main provisions of letter No. Kch-4-18/9242@ of the Russian Federal Tax Service dated 20 July 2023 regarding the order in which tax obligations should be performed when debtors’ assets are sold during receivership proceedings.

The requirement to ensure adequate substance for taxation purposes appeared in article 18(1)(a) of the Corporate Tax Law. It stipulates that taxpayers in the UAE’s free zones which “maintain adequate substance” in the UAE may apply a 0% tax rate to qualifying income.