Pepeliaev Group reminds readers that new requirements for the Russian nationals' personal data to be kept in electronic form in Russia are introduced as early as in one month.
Pepeliaev Group advises that on 30 June 2015 a federal law took effect, which has changed the period for purchasing real estate which belongs to constituent entities of the Russian Federation or is in municipal ownership.
Pepeliaev Group advises that a Federal Law has been enacted, enabling Russian banks and factoring companies to offer Russian clients financing services involving the assignment of receivables (factoring) under foreign trade contracts.
Pepeliaev Group advises that Russian Constitutional Court has held that article 162 of the Russian Tax Code, which in fact establishes double VAT on insurance payouts that a supplier of goods (work, services) receives under a contract insuring default by the buyer, was inconsistent with Russian Constitution.
Pepeliaev Group advises that 26 June 2015 saw the entry into force of the Bank of Russia's Instruction No. 3629- U dated 29 April 2015 'On recognising persons to be qualified investors and on the procedure for keeping a register of persons acknowledged to be qualified investors'.
