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You don't know where your horizon is

12March2015

20 min read

One of the significant events on the legal market in 2014 came when Roman Bevzenko left his post as head of the Private Law Division at the Russian Supreme Commercial Court to join Pepeliaev Group as a partner. Moving from public office into private practice is far from unknown, but this transfer made waves in the legal community.

Dispute resolution and mediation

B2B: New Trends in Bankruptcy Proceedings in Russia

09March2015

6 min read

The ongoing crisis in the Russian economy has had a significant impact on the practice of applying bankruptcy law and on its development. This is amply demonstrated by the increase of around a 30% growth in bankruptcy cases in 2014. The amount of overdue corporate loans has reached RUB 767 billion — and this only refers to loans held by 30 major banks. The figure for consumer loans in arrears held by individuals has climbed to RUB 652.3 billion. Against this backdrop, a number of regulations have been adopted to enhance the guarantees for both creditors and debtors in connection with the latter going bankrupt.

Yulia Litovtseva

Bankruptcy and Anti-Сrisis Protection of Business

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

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