Insights

Legal alert: Taxation of Controlled Foreign Companies: Updated Draft Law

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.

Legal alert: The prerequisite for a foreign court ruling to be reсognized and executed in Russia

The Firm lawyers analyse the prerequisite for a foreign court ruling to be recognized and executed in Russia.

Legal alert: Personal data processing in information telecommunication networks

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.

Tax Analysts publishes commentary by Mark Rovinskiy on a draft law that would allow the taxation of CFCs controlled by Russian tax residents

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.

The Lawyer reports on EPAM promotions

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.

RBTH publishes commentary by Mark Rovinskiy on Russia's deoffshorization program

The Finance Ministry is pushing ahead with its program to entice Russian-owned offshore firms to repatriate capital. A new law will impose penalties on such companies for tax evasion, but offers the carrot of a 2-year amnesty for those firms which decide to relocate to Russia.

PaRR publishes commentary by Natalia Korosteleva

Russia’s competition authority Federal Antimonopoly Service (FAS) is likely to face more legal challenges over its warnings to dominant companies on anticompetitive practices after the country’s Supreme Arbitration Court (VAS) ruling allowing Gazprom’s subsidiary to dispute a warning against it at arbitration courts, two Moscow based lawyers said.

Developments in the Russian Legislation on Securitisation and Project Finance

Newsletter of the International Bar Association Legal Practice Division publishes an article of Oleg Ushakov and Alexander Filchukov.

Legal alert: Recent Amendments to the Russian Civil Code: the New Regulation of Legal Entities

On May 7, 2014 high-importance amendments were introduced to the Russian Civil Code with regard to legal entities (the Law). The amendments will take effect on September 1, 2014.

The Moscow Times publishes commentary by Mark Rovinsky on amendments to the Tax Code

The Finance Ministry is finalizing plans to levy a property tax on individual homeowners and ratchet up the cost by pegging the tax rate to cadastral property values.

Competition in Russia: The Current Status of the Fourth Antitrust Package

CEE Legal Matters Magazine publishes an article by Natalia Korosteleva and Evgeny Bolshakov.

PaRR publishes commentary by Anna Numerova

The proposed tie-up between Holcim and Lafarge is unlikely to face competition hurdles in Russia. The country’s competition authority, the Federal Antimonopoly Service (FAS), is expected to assess the deal’s impact on regional cement markets, in which the two European companies' presence is largely complementary, said two Moscow-based lawyers.

The Moscow News publishes commentary by Pavel Sadovsky

A law to curb piracy came into effect in August 2013. It has proven to be an “efficient instrument” in the fight against copyright infringement, especially since preliminary injunctions from courts became much easier to obtain.

RUSSIAN UPDATE – Changes in Russian Merger Control Regulations

The XBMA Forum publishes an article by Viatcheslav Yugay on changes in Russian merger control regulations.

EPAM Legal Highlights: Recent developments in customs regulation of express carriage in Russia

EPAM lawyers on recent developments in customs regulation of express carriage in Russia.