Analytics and brochures

Pepeliaev Group advises of substantial amendments to the Law "On Protection of Competition".

The fourth antimonopoly package contains a number of substantial amendments which may affect the operations of all market players. Most of the amendments to Federal Law No. 135-FZ dated 26 July 2006 "On Protection of Competition" (the "Law") and certain legislative acts of the Russian Federation are to come into effect on 5 January 2016. We have analysed the most important of these amendments.

Pepeliaev Group advises that a draft has appeared of a new blacklist of offshore jurisdictions. 

At federal level, the industry tariff agreement has been adopted which sets additional obligations and automatically extends to companies in Russia's chemical industry. To refuse to join the agreement, a well-grounded refusal should be submitted to the Russian Ministry of Labour by 20 November 2015.

On 22 October 2015, Rossiyskaya Gazeta published a Letter of the Russian Ministry of Labour and Social Protection (the "Ministry") about joining the Federal Industry Agreement for Companies in the Chemical, Petrochemical, Biotechnological and Chemical and Pharmaceutical Industries for 2016-2018 (the "Agreement").  

Pepeliaev Group advises: On 13 October 2015, the Russian Supreme Court adopted its Plenum’s Resolution No. 45 "On certain issues relating to procedures being brought into effect to be used in insolvency (bankruptcy) proceedings involving individuals". This clarifies how specific provisions of Federal Law No. 127-FZ "On insolvency (bankruptcy)" should be implemented. The provisions in question came into force on 1 October 2015 and regulate the bankruptcy of individuals.

Pepeliaev Group advises that Russian Ministry of Finance has placed, for public consultation a draft law "On amending Chapter 21 of Part II of the Russian Tax Code (regarding the procedure for determining the tax base when an advance payment is received). 

At the federal level, industrial agreements have been adopted setting additional obligations and automatically extending to companies engaged in the timber industry in Russia. To refuse to join the agreements, companies should submit well-grounded refusals to the Russian Ministry of Labour and Social Protection (the "Ministry of Labour") by 8 October 2015.