In February of this year CEE Legal Matters reported on the issuance by TransFin-M PC's of convertible bonds with a nominal value of RUB 3 billion, which EPAM – the firm working with TransFin-M on the matter – described as "unique for the Russian market."
Ilya Nikiforov, Alexey Karchiomov and Svetlana Popova became the authors of the Russia chapter of the Getting the Deal Through – Arbitration 2015.
Lawyers provide an update on the new rules for the re-registration of branches and representative offices of foreign companies.
New amendments to the Federal Law dated 27.07.2006 No. 152-FZ “On Personal Data” that inter alia introduce personal data localization rules take effect on 1 September 2015. The new rules therefore will enter into force sooner than initially announced, giving personal data operators less time to prepare for the upcoming changes.
The President of the Russian Federation signed the Federal Law on amendments to the Russian personal data legislation on 31 December 2014. This law changes the date of entry into force of recent amendments related to personal data processing in information telecommunication networks to 1 September 2015 instead of 1 September 2016.
International Antitrust Bulletin by ABA Section of Antitrust Law publishes an artcile by Anna Numerova and Elena Kazak.
Mikhail Kazantsev, Arkady Krasnikhin, Michael Copeland, Roman Malovitsky and Mark Rovinskiy authored the Russia chapter of Private Equity Jurisdictional comparisons: Second Edition 2014.
On October 22, 2014 a draft law on the taxation of the Controlled Foreign Companies was submitted to the State Duma of the Russian Federation. The Duma’s specialized committees should provide their comments on the draft before November 2, 2014.
An article by Dmitry Tugushi and Roman Krylov is published in International Litigation News, Newsletter of the International Bar Association Legal Practice Division.
EPAM publish an update on Pharmacy and Pharmaceuticals Market Regulation News.
On September 2, 2014 the Russian Ministry of Finance posted the third revision of the draft law on taxation of controlled foreign companies - CFCs (hereinafter the “Draft Law”) on its site.
The Firm lawyers analyse the prerequisite for a foreign court ruling to be recognized and executed in Russia.
The President of the Russian Federation signed federal law on the new amendments concerning the processing of personal data in Russia on July 22, 2014. Under Article 4 of this Federal Law the amendments shall come into force on September 1, 2016.
Russia is considering a tax amnesty for Russian-owned offshore companies as part of a wider effort to encourage the repatriation of capital and discourage the use of offshore companies for tax avoidance, a government spokeswoman told Tax Analysts.
EPAM has made a number of promotions in its Moscow office. Real estate and construction lawyer Elena Gavrilina has been made partner, litigators Alexander Vaneev and Vera Rikhterman have become counsel and competition lawyer Elena Kazak is promoted to senior associate.