Corporate law / M&A

Registration of legal entities and individual entrepreneurs will be simplified

Pepeliaev Group advises that the Russian Government has approved a draft law to simplify the state registration procedure for legal entities and individual entrepreneurs.

A procedure is suggested to be set for conducting general meetings of shareholders online

Pepeliaev Group advises that the Ministry of Economic Development has suggested that companies should be permitted to conduct general meetings of shareholders remotely, using information and communications technologies.

Amendments are being prepared to the accreditation procedure for branches and representative offices of foreign legal entities Pepeliaev Group advises that a draft law has been put before the State Duma that is aimed at improving the accreditation procedure for branches and representative offices of foreign companies.

Rules are made more clear for imposing administrative fines below the lower threshold Pepeliaev Group advises that the Russian Government has submitted to the State Duma a draft law allowing for administrative fines to be imposed below the lower threshold determined under Russian constituent entities' laws on administrative offences.

Removal of an Individual Entrepreneur from the State Register Pepeliaev Group advises that starting from 1 September 2020, tax authorities can compulsorily remove inactive individual entrepreneurs from the Unified State Register of Individual Entrepreneurs.

An experimental procedure has been launched for the pre-trial challenging of audits of business entities

Pepeliaev Group advises that from 17 August an opportunity has become available for challenging the controlling and supervisory authorities’ decisions under a pre-trial procedure, including remotely via the Gosuslugi portal

The new specifics of the regulation of corporate relationships in 2020

Pepeliaev Group advises that the new specifics of regulating corporate relationships in 2020 have been established.

The withdrawal procudure for LLC members has been changed

Pepeliaev Group advises that the amendments made to the Russian Civil Code and to the Law on LLCs to specify the procedure for LLC members to withdraw from an LLC took effect on 11 August 2020.

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”