Alerts
06July2016
Developments in bankruptcy legislation: the risks are getting higher
Pepeliaev Group would like to advise of far-reaching changes in procedures used in bankruptcy cases.
04May2016
The Russian Supreme Court regarding tax control over prices
Pepeliaev Group reports that the Russian Supreme Court has eliminated a contradiction in the case law, confirming that local tax authorities are restricted in controlling the prices of transactions.
20April2016
Code of good-faith practices in the pharmaceutical sector
Pepeliaev Group advises that 19 April 2016 will see the adoption, under the auspices of the Association of European Business's Healthcare and Pharmaceuticals Committee, of a Code for Good-faith Practices in the Pharmaceutical Sector.
15April2016
Administrative liability to increase considerably for gross violations of accounting requirements
Pepeliaev Group advises that the Russian President has signed Federal Law No. 77-FZ , which considerably amends article 15.11 of the Russian Code of Administrative Offences regarding the liability for gross violations of accounting requirements, including requirements for financial statements. The Law extends the limitation period for holding a person liable for the above offences under administrative legislation.
06April2016
Residents of the free port of Vladivostok:first agreements and expected changes
Pepeliaev Group advises that, on 16 March 2016, the first agreements were signed between JSC Far East Development Corporation and residents of the free port of Vladivostok, which have already been included in the register of residents . Moreover, a draft law has been prepared extending the composition of potential residents to include companies that are already operating.
04April2016
A differentiated approach to cases concerning the demolition of unauthorised constructions
Pepeliaev Group advises that the Russian Supreme Court has applied a differentiated approach in a case concerning the demolition of an unauthorised construction. The court laid down new approaches, previously absent from court practice, to examining cases in the relevant category (Ruling No. 308-ES15-15458 of the Russian Supreme Court's Judicial Panel for Economic Disputes dated 10 March 2016 in case No. А32-22681/2014).
28March2016
The Government approved three new priority development areas (PDA) on Sakhalin island.
Pepeliaev Group advises that on 17 March 2016 the Russian Government signed two Resolutions that two new priority development areas be established in the Sakhalin Region.
18March2016
New amendments to the “deoffshorisation and repatriation” tax rules answer old questions and raise new ones
Law firm Pepeliaev Group advises that new amendments have come into force to the tax rules regarding deoffshorisation and repatriation.
The new amendments answer certain questions regarding the procedure for applying the rules which were adopted earlier. However, some questions remain unanswered and new issues have arisen. It is expected that during the spring session the State Duma will adopt one more set of amendments (the third one). In the meanwhile, one year after the deoffshorisation rules have come into force, they still lack clarity and definition. This compels businesses to hold off adopting and performing specific decisions aimed at adapting to the new tax conditions.
16March2016
Unifying Arbitration and Civil proceedings
Pepeliaev Group advises that on 16 February 2016 the State Duma passed a law which amends the Russian Commercial (Arbitration) Procedure Code (the “Code”) and unifies the procedural rules applied by general jurisdiction courts and state commercial (arbitration) courts.
10March2016
Compensation of court costs: explanations of the Russian Supreme Court
Law firm Pepeliaev Group advises that Resolution No. 1 of the Plenum of the Russian Supreme Court dated 21 January 2016 “On certain aspects of applying legislation on the compensation of costs, connected with a case being considered” has been officially published.
01March2016
Extending the term of the federal industrial agreement for the coal sector to 31 december 2018
The industry agreement was adopted at federal level for Russia's coal industry for 2013 to 2016 (the “Agreement”). The Agreement sets additional obligations and automatically extends to companies in Russia's coal industry. On 26 October 2015, an agreement was concluded to extend the term of the Agreement so that it will remain in force until 31 December 2018 (the “Extension Agreement”).
01March2016
New requirements for mandatory disclosure of information by professional participants in the securities market
Law firm Pepeliaev Group advises that, on 13 February 2016, the Bank of Russia published a Directive determining the types of information that must be compulsorily published on the official website of a professional participant, and the timeframes for such information to be published and to be accessible on the site.