Analytics and brochures
HR professionals were alarmed when a draft law to ban temporary agency work (TAW) was put before the State Duma in December 2010. Thanks to the business community working together with great dedication, this draft law remained a draft for almost three-and-a-half years. However, all good things come to an end. And the draft, after hundreds of editions, was passed into law on 5 May 2014 (Federal Law No. 116-FZ). The law will take effect on 1 January 2016.
Russian legislation in the M&A sector is actively developing. Two main M&A trends can be highlighted which may often not be mutually compatible. On the one hand, any legislator aims at facilitating M&A activity by way of setting a transparent legal environment and simplifying legal requirements. On the other hand, the rights and interests of all a company’s stakeholders (shareholders, employees, creditors etc.) need to be taken into consideration and protected.
A quarter of a century after the first international law firms moved into Moscow, booming workflows for both domestic and foreign practice have suddenly been affected by president Vladimir Putin’s aggressive moves towards neighbouring Ukraine, and the US and EU sanctions imposed on Russian individuals and companies.
On one hand, current Russian telecommunications legislation is characterised by a rather detailed regulation of certain aspects of telecommunications services. On the other hand, it contains various provisions that are clearly obsolete and are not in line with the contemporary level of technological development. It is also ambiguous with regard to a number of key matters.
In Russia, as in other countries, the crisis is pushing the government to devote greater attention to its tax policy. In doing so, the government has rather rapid methods at its disposal to respond to illegal tax evasion schemes. In general, laws that amend tax legislation are being adopted very quickly and in large numbers. Where this is insufficient, court and administrative decisions are plugging the gaps.
With its population of more than 140 million people, Russia is currently among the world’s largest markets for pharmaceuticals and medical devices. Recent years have been marked by a rapid growth in these sectors that has given rise to new opportunities for domestic and international businesses.