The Russian Supreme Court has extended the restrictions concerning the work of courts until 11 May 2020 and has recommended holding court sessions online

Order No. 294 of the Russian President dated 28 April 2020 has established non-working days in the period between 6 May and 8 May 2020.

Recommendations on how to avoid difficulties with absentee voting of an LLC's members

Refusal of the moratorium: practical consequences On 17 April 2020 the State Duma in the third reading adopted draft law No. 685368-7 which introduces significant amendments to the current article 9.1 of the Bankruptcy Law, regulating the application of the moratorium on bankruptcy and other significant restrictions with respect to a wide range of persons.

The Russian Supreme Court explains how to apply new rules concerning deferred payments and a reduction of rent Pepeliaev Group advises that, on 30 April 2020 the Praesidium of the Russian Supreme Court (the “Supreme Court”) approved a Review in which, among other things, it explained certain issues of the application of legislation concerning the granting of deferred payments to a tenant and the reduction of rent in connection with the spread of the new coronavirus infection (COVID-19) in the Russian Federation.

The Russian Supreme court’s new explanations regarding bankruptcy

On 30 April 2020, the Russian Supreme Court (the “Supreme Court”) approved additional Review No. 2 of selected issues of case law associated with the application of legislation and measures to prevent the spread of the new coronavirus infection (COVID-19) in the Russian Federation.

The Russian Supreme Court has provided explanations concerning the performance by an individual debtor of his/her obligations under credit agreements and loan agreements in the period when measures aimed at fighting the spread of the new coronavirus infec

On 30 April 2020 the Praesidium of the Russian Supreme Court approved its Review No. 2 of certain issues of case law associated with the application of the legislation and measures on preventing the spread of the new coronavirus infection (COVID-19) in the Russian Federation (“Review No. 2”).

Extension of restrictions and non-working days in May 2020

By Decree No. 294 of the Russian President dated 28 April 2020 the restrictive measures aimed at combating the coronavirus have been extended until 11 May 2020.

The Russian Federal Tax Service on suspending the collection of tax debts: a new letter and new doubts

The Russian Federal Tax Service has published Letter No. ED-20-8/53@ dated 27 April 2020 according to which the suspension of measures for the collection of tax debt has been extended until 31 May 2020. 

Extension of the period of ‘non-working’ days On 28 April, the Russian President signed another Decree, the third, extending the regime of non-working days for the period from 6 May until 8 May 2020 inclusive. 

COVID-19: remote opening and maintenance of personal accounts in the register of the owners of securities

Pepeliaev Group advises that the legislation on combating the legalisation of the proceeds of crime has been amended in connection with registrars being granted permission to remotely open and maintain personal accounts of owners of securities.

The amendment of the Federal Antimonopoly Service's work regime in the conditions of the COVID-19 pandemic

Pepeliaev Group advises of the measures being taken to amend the work regime of the Federal Antimonopoly Service.

Forms of cash flow statements and reporting for cash flows in foreign accounts (deposits) have been changed

The Russian Government’s Resolution No. 528 dated 17 April 2020 has been published introducing changes in the rules for submitting cash flow statements by both organisations and individuals.