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Stephenson Harwood hosts roundtable to discuss the impact of new russian cfc rules

24February2015

1 min read

Last night, international law firm Stephenson Harwood LLP hosted a roundtable event focusing on how Russia is introducing fundamental changes to its tax legislation by adopting new rules on controlled foreign companies (CFCs). The new rules are aimed at bringing capital back to Russia by imposing reporting requirements and tax liabilities on Russian residents who have established or who control or influence offshore companies, trusts and other holding vehicles.

Tax law and tax disputes

The New Realities of Waste Management: Producers' Liability to Be Extended

02February2015

2 min read

On Dec. 29, 2014, Russian lawmakers finally approved changes to production and consumer waste legislation that had been under discussion since 2011.

Natalia Stenina

Real estate and construction

A Director's Property Liability. How to Mitigate Administrative Law Risks

06October2014

5 min read

Company directors who do not perform their duties or perform them improperly can be liable in civil law (i.e. may have to pay money to compensate losses) to the company. Moreover, in a case where directors have not performed their duties or performed them improperly, a legal entity itself may face administrative liability.

Elena Ovcharova

Commercial (Arbitration) Court provides explanations concerning VAT

29September2014

5 min read

On May30, 2014 the Plenum of the Russian Supreme Commercial (Arbitration) Court adopted a Resolution concerning issues arising when VAT is charged. With the adoption of this legislation, significant changes will be made to the implementation of Chapter 21 ‘‘Value-Added Tax’ ’of the Russian Tax Code. This article highlights the eight key provisions of the Resolution which will entail material risks or create fresh opportunities.

Andrey Nikonov

EVOLUTION OF A PROJECT: Design and construction

01September2014

23 min read

In our previous article, using the example of the factory construction project we have devised, we went into detail about the main issues and legal nuances faced when the corporate structure is selected and put in place. We also discussed potential ways of financing the investment project, and the advantages and disadvantages of these.

CREATING THE CORPORATE STRUCTURE AND FINANCING THE PROJECT: WHAT DO YOU NEED TO BEAR IN MIND?

21August2014

As we promised in the previous issue, we are starting to follow the evolution of an investment project involving enthusiastic investors from Russia, Kazakhstan and Finland. They are ready to build a plant to produce a special nano-bitumen in order to manufacture elastic, ultra-strong asphalt designed to tackle that age-old scourge of this country: its roads.

Lidia Gorshkova

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