Working out the founding principles of the new regulation for leasing relationships

Pepeliaev Group lawyers have worked out founding principles of the new regulation for leasing relationships. For many years Pepeliaev Group has been working together with leasing companies and industry associations. Pepeliaev Group partner Roman Bevzenko and senior associate Petr Popov, together with Taxadvisor, have proposed that hire purchase leasing companies which hold leading positions in the market bring up to date the legislative base for hire purchase leasing. This essentially means replacing the existing statutory regulation with a new one.
Our proposal coincided with the Bank of Russia’s initiatives to regulate hire purchase leasing as a sub-category of financial services. Five hire purchase leasing companies jointly commissioned this work from us. It was completed in 2016 and at the beginning of 2017 the results of this work were presented to the business community.