Pepeliaev Group advises that on 14 July 2022 the Russian President signed the law providing for large-scale amendments to the Federal Law “On personal data”/
Pepeliaev Group advises that, on 14 July 2022 a federal law was signed according to which information regarding individuals who own real estate will be provided to third parties only with the consent of the owner.
Pepeliaev Group advises that, on 14 July 2022, a law was published that determines the legal regime for secondary resources, secondary raw materials and industrial by-products.
Pepeliaev Group advises that on 6 July 2022 the State Duma of the Federal Assembly of the Russian Federation adopted a Law that provides for a mechanism for the mandatory transformation of a branch (representative office) of a foreign company whose activity relates to using subsoil resources into a Russian limited liability company (an LLC), and for a mechanism limiting the rights of foreign investors having membership of a Russian company whose activity relates to using subsoil resources.
Pepeliaev Group advises that on 28 June 2022, two federal laws were adopted that amend the
Tax Code and Federal Law “On protecting and encouraging capital investments in
the Russian Federation” and that are aimed at improving the mechanism of
APECIs.
On 28 June 2022 the Russian State Duma adopted a Law whereby lessors, under certain conditions, are granted the right to charge a larger rent from lessees that are connected with hostile states/territories and the right to withdraw from lease agreement with such lessees unilaterally.
