Corporate law / M&A

Rules have been approved for granting subsidies to SMEs and socially oriented non-commercial organisations as compensation for costs on preventing COVID-19 Pepeliaev Group advises that on 2 July 2020 the Government, in its resolution No. 976, approved the rules for granting direct free-of-charge non-recurring financial aid from the government to individual categories of small and medium-sized enterprises and socially oriented non-commercial organisations for the recipients of subsidies to get a partial compensation for the costs on taking measures in 2020 to prevent the new coronavirus infection. 

The period for filing COVID subsidy applications for April 2000 has been extended up to 1 July (inclusive)

Pepeliaev Group advises that on 20 June 2020, by its Resolution No. 894, the Russian Government amended the rules that it had previously issued with respect to subsidies being granted to small and medium-sized enterprises (SMEs) from the most affected sectors in the amount of one minimum monthly wage per employee.

The Central Bank has changed disclosure rules for issuers Pepeliaev Group advises that the Russian Central Bank (the “Central Bank”) has adopted a new version of the Regulations “On the disclosure of information by issuers of securities” to improve and simplify the disclosure procedure

The procedure has been devised for conducting an experiment aimed at using work-related electronic documents Pepeliaev Group advises that the Ministry of Labour and Social Security has devised the draft order “On approving the regulation on the procedure for conducting an experiment aimed at using work-related electronic documents”

The Central Bank has permitted electronic registration of an issue of securities

A new service for the pass-through searching of information about encumbrances over movable property launched on the Gosuslugi Portal

Pepeliaev Group advises of the launch of a new service for the pass-through search for information in the register of notifications of encumbrances over movable property and in the register of the Federal Resource. 

The Central Bank has simplified the procedure for issuing securities

COVID-19: The Central Bank has advised of the deadlines for disclosures by issuers in 2020

How to become a participant in an online court

Pepeliaev Group advises that a number of judicial acts have been adopted to clarify the ways of participating in court hearings online (without attending the court in person).

Сovid-19: the Central Bank has extended the period for the disclosure of information by issuers in 2020

Pepeliaev Group advises of the changes in the procedure for the disclosure of information by issuers and joint stock companies in the context of the coronavirus epidemic.

New opportunities for distributing insurance products via digital channels

Pepeliaev Group advises that amendments to insurance legislation have come into force granting new opportunities for selling insurance products via the Internet and that new rules and limitations have been introduced with regard to the online distribution of insurance services.

The activities of some foreign participants of the international payments market will be restricted in Russia

Pepeliaev Group advises that a legislative ban has entered into force for Russian credit institutions to complete operations aimed at accepting money from foreign payment operators as well as to perform international payment transactions involving foreign payment systems that do not comply with Russian legislation.