Analytics and brochures

Pepeliaev Group advises that a Federal Law has been adopted that establishes a procedure for how the register of orders to revoke powers of attorney should be kept and also changes the procedure for how sole members of legal entities should adopt resolutions.

Pepeliaev Group advises that a criminal liability has been made harsher for beneficial owners and other controlling persons, as well as court-appointed administrators for their unlawful activities during a bankruptcy and for deliberate bankruptcy.

Pepeliaev Group advises that a Federal Law has been adopted establishing that a convertible loan agreement can be concluded between a borrower which is a non-public company and a lender, as well as the procedure for converting a loan into a membership interest in the issued capital or shares of non-public companies.

Starting from 1 July 2021, the statutory obligation to repatriate has been abolished for the major part of foreign trade contracts whereby residents generate revenue (‘export’ contracts).

Pepeliaev Group advises that a Law “On amending the Federal Law “On advertising”” has been adopted with regard to setting up a unified information system for keeping a record of advertising on the Internet. An obligation is being introduced for advertising distributors and advertisers to report information regarding Internet advertising to the Federal Service for Supervision of Communications, Information Technology and Mass Media (known in Russian as ‘Roskomnadzor’).

Pepeliaev Group advises that a Federal Law has been adopted to establish the procedure for holding general meetings or for conducting absentee voting.