Analytics and brochures

On 18 May 2010 the Presidium of the Russian Supreme Arbitration Court issued Resolution No. 1729/10 that clarifies the legal nature of the buy-out payment in a lease agreement, which stipulates that title to a leased item is transferred to the lessee on the expiry of the lease, and also explicitly specifies the procedure for determining the amount in cases where the buy-out value was not established by the parties to the lease agreement.

Pepeliaev Group advises that on 2 June 2010 the Russian State Duma adopted in the first reading the draft Federal Law “On Amendments to Federal Law No. 126-FZ dated 7 July 2003 ‘On Telecommunications’” on the legal regulation of issues relating to the broadcasting of mandatory public TV and radio channels.

Pepeliaev Group hereby advises that there is a higher risk of claims on the part of Rosfinnadzor in respect of loans extended by residents to non-residents in cases where debtors fail to discharge their obligations in monetary form through the crediting of funds to the resident’s bank account at an authorised bank.

On 28 May 2010 the Russian President rejected amendments to article 54 of Federal Law No. 126-FZ “On Telecommunications” dated 7 July 2003.

Pepeliaev Group hereby informs that Federal Law No. 86-FZ “On Amendments to the Federal Law ‘On the Legal Status of Foreign Citizens in the Russian Federation’ and Specific Legislative Acts of the Russian Federation” was adopted on 19 May 2010. The Law introduces numerous amendments that enter into force from 1 July 2010, including a simplified procedure for employing certain categories of foreign professionals.

Pepeliaev Group advises that the Resolution of the Russian Supreme Court on the lawfulness of deducting VAT on VAT invoices containing inaccurate data and signed by unauthorised persons has been officially published.