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Labor and Migration Audits in 2010
16February2010
3 min read
Unfortunately more and more companies are finding these days that labor and migration audits are part and parcel of the business landscape in Russia. The authorities have publicly proclaimed their intention of protecting business. However, to date such statements of intent have not been matched by actions.
The issue of the liability of the state authorities for damage caused to business is relevant today. We have seen a considerable number of examples where the state authorities inflicted substantial damage on enterprises and companies through unlawful actions.
21 October 2009 on the territory of Russia came into effect changes to the Arbitration Procedural Code (hereinafter - the APC), enacted by the Federal Law № 205-FZ "On Amendments to Certain Legislative Acts of Russia" from 19.07.2009 year.
For me, the profession of lawyer - the opportunity to grow both vertically and horizontally the world, not dividing life into two parts.
Investments by foreign companies in Russia often involve capital expenditure and the acquisition of extensive plots of land for construction and other purposes. However, Russian legislation is silent on certain issues relating to payment of land tax, leaving lawyers and companies reliant on decisions of the arbitrazh (ie, commercial) courts.
Lidia Gorshkova, attorney and head of the banking practice at Pepeliaev Group explains the procedure for buying out shares from minority shareholders in accordance with legislation and the formalities that must be observed during the transaction.
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