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ALRUD Law Firm | May 2020

The global spread of COVID-19 coronavirus infection has led to significant changes in social, political and economic processes in Russia and around the world. Government authorities are responding and introducing measures to combat the spread of coronavirus infection to ensure sustainable economic development and support to citizens in the face of the pandemic ...

ALRUD Law Firm | April 2020

Every day, the outbreak of coronavirus infection has an increasing impact on the economy, in general and various aspects of business, in particular. In this information letter, we have reflected the main trends and specifics of M&A transactions in Russia, under the conditions of restrictive measures caused by the spread of COVID-19. General trends of the M&A market in Russia under COVID-19 Transactions’ dynamic ...

ALRUD Law Firm | April 2020

We would like to provide you with an update on some changes in the legal regulation of medicines in Russia made due to dynamic spread of the coronavirus (COVID-19) ...

ALRUD Law Firm | April 2020

On April 18th 2020, the Russian President signed a Decree establishing a temporary procedure for hiring foreign nationals in Russia and suspension of migration terms. Temporary rules apply from March 15th until June 15th, 2020 ...

ALRUD Law Firm | April 2020

In accordance with Decrees of the Moscow Mayor No. 42-UM dated April 10th, 2020 and No. 43-UM dated April 11th, 2020, visiting of most organizations is temporarily suspended and pass control is introduced, within the territory of Moscow. Resolutions of the Moscow Region Governor No. 176-PG dated April 10th, 2020 and No. 177-PG dated April 11th, 2020 introduced similar measures within Moscow Region ...

ALRUD Law Firm | April 2020

Spread of coronavirus infection made companies to change their daily practices in order to ensure continuous business operation without compromising individuals’ safety. In this newsletter, we elaborate on the most sensitive legal issues in terms of data protection, privacy and cybersecurity ...

ALRUD Law Firm | April 2020

Spring is a busy period in terms of corporate governance. It involves the computations, confirmations and conclusions related to the results of the previous financial year, when the following decisions are needed among others: Approval of annual reports and annual financial statements; Election of a new Board of Directors; Election of an internal Auditor and/or members of internal Audit Commission; Approval of company’s external auditor ...

ALRUD Law Firm | April 2020

Due to the active spread of coronavirus infection COVID-2019, the Russian authorities, at both the federal and regional levels, are taking significant measures to ensure the self-isolation of citizens. These measures include increasing the liability for violation of measures for preventing the spread of coronavirus infection, which caused adoption of a number of legislative acts. 1 ...

ALRUD Law Firm | April 2020

In an expedited process, a Federal Law amending several legislative acts was passed by the State Duma and Federal Council of the Russian Federation. In particular, the law envisages use of the power of the Government of the Russian Federation to impose, in extraordinary cases, a moratorium on insolvency proceedings and provides a legal regime of such moratorium ...

ALRUD Law Firm | March 2020

The Ministry of Labour and Social Protection of the Russian Federation published, on its website, Recommendations (and Additions to them) for employees and employers, in connection with the decree of the President of the Russian Federation of 25.03.2020 No. 206 “On declaring non-working days in the Russian Federation” ...

ALRUD Law Firm | March 2020

On 25th March 2020,President Putin made an official COVID-19 address to the nation, in which he announced a series of measures aimed at reducing the spread of the COVID-19 and lower the negative impact on the Russian economy. Among others, President Putin stated that the period from March 30th till April 3th, 2020 would be a nationwide paid week-off, which is formalized by a special Presidential Decree, and which is obligatory for everyone in Russia ...

ALRUD Law Firm | March 2020

The coronavirus (COVID-2019)[1], which today affects more than 150 countries and territories around the world, has already had, and continues to have, a significant impact on the global economy ...

ALRUD Law Firm | March 2020

We would like to remind you that on September 15th, 2020, the Government of the Russian Federation approved a list of measures that employers, who have invited foreign national employees, shall observe (“Decree”).The document came into force and will be valid for 6 years. The text of the Decree is available, in Russian only, here ...

ALRUD Law Firm | February 2020

On 11th August, Federal Law dated 31.07.2020, No. 305-FZ, introducing a new type of visa for entering Russia, came into force. This unified electronic visa is a single-entry visa for the following purposes: guest, business, tourism, scientific, cultural, social and political, economic, and sports, or corresponding ties and contacts ...

ALRUD Law Firm | December 2019

Further to ourNewsletter related to the recent changes in the Russian currency regulations, we are sending you additional comments, which may help Swiss banks and bankers, who work with Russian clients.Taking into consideration the legislative amendments¹, we understand that the use of accounts opened with the banks located in Switzerland will be more convenient for the Russian currency residents (the “Residents”) ...

ALRUD Law Firm | December 2019

We would like to draw your attention to the latest amendments in currency control legislation, which are applicable to individuals - currency residents. On December 2nd, 2019, the President of the Russian Federation signed Federal Law No ...

ALRUD Law Firm | October 2019

With effect from 1st. January 2019, Russia amended the rules relating to VAT taxation of electronic (online) services (e.g. provision of rights to use software, streaming music, films, gaming services, hosting, website and webpage support, etc.). The new regulations raised a number of questions that are considered in this article ...

ALRUD Law Firm | August 2019

On 09 July 2019, the Plenum of the Supreme Court of the Russian Federation enacted the Resolution “On application of conflict rules by the courts of the Russian Federation” (hereinafter – the “Resolution”). In this Resolution, the Supreme Court of the Russian Federation (hereinafter – the “Supreme Court”) confirmed some approaches to interpretation of conflict rules elaborated in the court practice and the doctrine ...

ALRUD Law Firm | June 2019

On 18 June 2019, the Council for Arbitration Development at the Ministry of Justice of the Russian Federation, authorized Vienna International Arbitral Centre («VIAC») to administer arbitration disputes with the seat (place of the arbitration) in Russia. According to Secretary General of VIAC, Dr. Alice Fremuth-Wolf, the arbitration institution receives approximately 60 – 70 claims per year, with 5 – 7 involving Russian parties ...

ALRUD Law Firm | June 2019

On 18 June 2019, the Council for Arbitration Development at the Ministry of Justice of the Russian Federation, authorized Vienna International Arbitral Centre (“VIAC”) to administer arbitration disputes with the seat (place of the arbitration) in Russia. According to Secretary General of VIAC, Dr. Alice Fremuth-Wolf, the arbitration institution receives approximately 60 – 70 claims per year, with 5 – 7 involving Russian parties ...

ALRUD Law Firm | June 2019

On 18 June 2019, the Council for Arbitration Development at the Ministry of Justice of the Russian Federation, authorized Vienna International Arbitral Centre («VIAC») to administer arbitration disputes with the seat (place of the arbitration) in Russia. According to Secretary General of VIAC, Dr. Alice Fremuth-Wolf, the arbitration institution receives approximately 60 – 70 claims per year, with 5 – 7 involving Russian parties ...

ALRUD Law Firm | May 2019

Starting June 1, 2019 individuals once more receive the right to participate in the updated voluntary disclosure program ("amnesty"), which provide guarantees of exemption from some types of liability related to use of foreign bank accounts and foreign companies. Declarants may submit the special declaration until February 29, 2020 ...

ALRUD Law Firm | May 2019

This is to inform you that the Central Bank of the Russian Federation approved the new list of foreign stock exchanges by the order no. 5095-Y dated 21st of March 2019, which gives new opportunities for Russian resident individuals with regards to currency transactions ...

ALRUD Law Firm | April 2019

On 04 April 2019, the Council for Arbitration Development at the Ministry of Justice of the Russian Federation authorized Hong Kong International Arbitration Centre (“HKIAC”) to administer arbitration disputes with the seat in Russia. By 25 April 2019, the Ministry of Justice is expected to include HKIAC into the list of foreign arbitration institutions with the status of a permanently functioning arbitration institution (“PFAI”) ...

ALRUD Law Firm | April 2019

This is to inform you that, on March 18 2019, the Federal Law of the Russian Federation on “Introduction of amendments to the first, second part and Article 1124 of the third part of the Civil Code of the Russian Federation” (the “Law”) was adopted ...

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