Experts: Tax changes have clear flaws. Ukraine is trying to create a simpler and fairer tax system that also encourages people to pay their share rather than evade taxes. But recent changes still fall short of the goal, according to some critics.
Alternative energy market faces unfavorable tariffs The energy market regulator reduced the green tariff - the amount paid for electricity produced from renewable sources - by SO percent on Feb. 27.
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.
Belarus' National Agency of Investment and Privatisation (NAIP) is preparing to reissue privatisation tenders for the confectionery factory Konfa and the Minsk Margarine Plant (MMP), said Olga Rutkovskaya, head of the privatisation department at NAIP. The launch is expected in the middle of February, she said.
The Verkhovna Rada, the nation’s parliament, on Oct. 14 adopted a law that requires Ukrainian companies to disclose their true owners. The move is aimed at fighting corruption as many elected officials and others hide their ownership of companies and fail to disclose conflicts of interest.
Ukraine’s identity crisis has pushed lawyers to set personal politics aside to help clients protect assets, restructure businesses and negotiate unprecedented deals with Russian lawyers.
The Ukraine crisis has raised questions over which rule of law to follow, but the flight of international investors is giving local firms an advantage.
Long-overdue reform of the domestic banking sector is increasingly the objective of the business community in Ukraine, GTR has learnt, as international lenders continue to consider their exposure to risk in a market mired by war and in the midst of currency crisis.
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.
GAR publishes an article by Dmytro Marchukov and Serhii Uvarov on arbitrating Crimea-related commercial disputes.
An article by Dmitry Tugushi and Roman Krylov is published in International Litigation News, Newsletter of the International Bar Association Legal Practice Division.
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.
