A team of associates from the Corporate and M&A Practice at EPAM provided legal advice on a transaction involving the sale of shares in one of the companies belonging to National Media Group.
EPAM Ukraine criminal law team recently defended a global producer and distributor of crop protection products in criminal proceedings initiated by the enforcement and customs authorities with respect to import of its products to Ukraine.
On July 1, 2017 entered into force the Federal Law dated July 1, 2017 No. 155-FZ “On amendments to Article 5 of the Federal Law “On the Privatization of State and Municipal Property” and the Federal Law “On the Procedure for Making Foreign Investments in Companies which are of Strategic Importance for Ensuring the National Defense and State Security” (hereinafter – “Law No. 155-FZ” and “Strategic Investments Law” respectfully).
On 2 June, on the sidelines of the 21st St. Petersburg International Economic Forum, a cooperation agreement was signed between the Government of Leningrad Region and joint stock company Knauf Petrobord, a member of the Knauf Group. The agreement includes an investment by Knauf of at least RUB3.5bn to renovate production facilities for cardboard facing over the period to 2020, and provision of investor support by the Government of Leningrad Region.
The Constitutional Court of the Russian Federation has accepted arguments made by EPAM Partner Dmitry Stepanov and found Article 302, Paragraph 1 of the Civil Code of the Russian Federation unconstitutional.
EPAM has assisted Knauf Petrobord on its June 2, 2017 entrance into an agreement with the Government of Leningrad Region involving Leningrad's funding of at least RUB 3.5 billion to renovate production facilities for cardboard facing before 2020.
Within the last month the National Bank of Ukraine (the “NBU”) adopted several resolutions aimed at further liberalization of the existing currency control restrictions.
Ukraine has, for the past few decades, suffered from widespread corruption. The country has been consistently listed towards the bottom end of Transparency International’s Corruption Perceptions Index, and those appointed to enforce anti-corruption laws have themselves been among the worst offenders. Cases which have emerged have focused almost exclusively upon low level officials, and convictions have been few and far between. So much so, offenders have hitherto operated with almost complete impunity.
EPAM has advised Danone Russia on its entry into a joint project with Soyuzmultfilm.
EPAM has advised Danone Russia on its entry into a joint project with Soyuzmultfilm.
Some of Russia's super-rich have given up residency to escape a 2014 law requiring them to disclose offshore assets, wealthy businessmen told Reuters, a practice that could keep billions of dollars hidden from Moscow's tax authorities.
EPAM has acted as legal advisor to the special committee on the rights of Russian bondholders in the international debt restructuring of the Roust Corporation, which the firm describes as "one of the largest producers of vodka in the world."
Non-resident taxpayers in Ukraine will incur a 15 percent tax on compensation for international transportation services when they act as intermediaries for these services, the Ukrainian State Fiscal Service (SFS) has said.
EPAM has successfully assisted on the transfer of JSC Uralsib's motor insurance portfolio to JSC Reliance.
In March 2017, Ukrainian Government approved the new National Essential Medicines List for Ukraine (the “NEML”), which is to become a single basis for the procurement and reimbursement of medicines in the public sector, as well as price controls.