Analytics and brochures

This is an article on how the approach on the applicability of the international tax treaties on the avoidance of double taxation (“double tax treaties” or “DTTs”) was recently changed in Russia. An author is Petr Popov, Senior Associate at Pepeliaev Group.

The Russian law provides for two methods of inheritance: by operation of law and under a will. If the deceased died intestate (i.e. left no will), then his/her property is inherited under the provisions of the Russian Civil Code, in accordance with seven levels of priority for inheritance. The list of types of property which can be inherited are shares, depositary receipts, bonds, units of investment funds and other instruments of the stock market. What should an heir do to receive securities under an inheritance procedure?

In July 2017, Russia's tax agency will disclose data about companies for the first time. What should businesses expect? What is the potential effect of this decision?

Law firm Pepeliaev Group has topped the ‘Best European firm of the year in tax policy’ category of the European Tax Awards 2017 international legal ratings. In this category, awards go to law firms that implement projects in the field of reforming tax legislation. Pepeliaev Group has been representing FIFA for several years in its negotiations with the Russian government in relation to the raft of sports-related legislation and subordinate legislation to be developed in the context of the 2018 FIFA World Cup.

Russia continues to reform its legislation by reducing the imperative tone of its regulations and putting emphasis on enhancing the protection of business investments. We hope that this reform will have a positive impact on Russian business as a whole and M&A transactions in particular.

There was a rise in bankruptcy in Russia in 2016 and the trend is expected to continue in 2017. At the same time, bankruptcy-related legislation has been significantly amended over past years and there are new changes that will come into force shortly, that are very significant to foreign investors.