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12 September 2014

Legal alert: Taxation of Controlled Foreign Companies: Updated Draft Law

On September 2, 2014 the Russian Ministry of Finance posted the third revision of the draft law on taxation of controlled foreign companies - CFCs (hereinafter the “Draft Law”) on its site. arrow

10 September 2014

Legal alert: Reformation of Management of Gas Transportation System of Ukraine

On 14 August 2014, Verkhovna Rada of Ukraine has adopted the Law No. 1645-VII “On Amendments to Certain Laws of Ukraine with respect to Reformation of the Management System of the Uniform Gas Transportation System of Ukraine” (the “Law”) which comes into force on 10 September 2014. The Law allows, among other, participation of non-resident legal entities in the management of Uniform gas transportation system of Ukraine (the “GTS”). arrow

8 September 2014

Legal alert: Restrictions on Foreign Currency Transactions and Mandatory Sale of Foreign Currency Revenues

At the end of August – beginning of September 2014 the National Bank of Ukraine (the “NBU”) has adopted new resolutions aimed at stabilisation of the situation on Ukrainian foreign exchange market and in banking and financial sector. arrow

29 August 2014

Legal alert: The prerequisite for a foreign court ruling to be reсognized and executed in Russia

The Firm lawyers analyse the prerequisite for a foreign court ruling to be recognized and executed in Russia. arrow

7 August 2014

Legal alert: Significant changes in tax legislation of Ukraine

On 1 August 2014, the President of Ukraine signed the Law of Ukraine № 1621-VII "On Amendments to Tax Code of Ukraine and other legislative acts of Ukraine" (on improvement of certain provisions) (the “Law”). The Law introduces amendments to the Tax Code of Ukraine, laws on national social insurance, the Law of Ukraine "On State Regulation of Production and Turnover of Ethyl Alcohol, Cognac and Fruit spirits, Alcoholic Drinks and Tobacco Products” and other laws. arrow

6 August 2014

Legal alert: Personal data processing in information telecommunication networks

The President of the Russian Federation signed federal law on the new amendments concerning the processing of personal data in Russia on July 22, 2014. Under Article 4 of this Federal Law the amendments shall come into force on September 1, 2016. arrow

5 August 2014

Tax Analysts publishes commentary by Mark Rovinskiy on a draft law that would allow the taxation of CFCs controlled by Russian tax residents

Russia is considering a tax amnesty for Russian-owned offshore companies as part of a wider effort to encourage the repatriation of capital and discourage the use of offshore companies for tax avoidance, a government spokeswoman told Tax Analysts. arrow

10 July 2014

The Lawyer reports on Egorov Puginsky Afanasiev & Partners promotions

Egorov Puginsky Afanasiev & Partners has made a number of promotions in its Moscow office. Real estate and construction lawyer Elena Gavrilina has been made partner, litigators Alexander Vaneev and Vera Rikhterman have become counsel and competition lawyer Elena Kazak is promoted to senior associate. arrow

2 July 2014

RBTH publishes commentary by Mark Rovinskiy on Russia's deoffshorization program

The Finance Ministry is pushing ahead with its program to entice Russian-owned offshore firms to repatriate capital. A new law will impose penalties on such companies for tax evasion, but offers the carrot of a 2-year amnesty for those firms which decide to relocate to Russia. arrow

25 June 2014

PaRR publishes commentary by Natalia Korosteleva

Russia’s competition authority Federal Antimonopoly Service (FAS) is likely to face more legal challenges over its warnings to dominant companies on anticompetitive practices after the country’s Supreme Arbitration Court (VAS) ruling allowing Gazprom’s subsidiary to dispute a warning against it at arbitration courts, two Moscow based lawyers said. arrow

20 June 2014

Developments in the Russian Legislation on Securitisation and Project Finance

Newsletter of the International Bar Association Legal Practice Division publishes an article of Oleg Ushakov and Alexander Filchukov. arrow

20 June 2014

Kyiv Post publishes commentary by Roman Stepanenko on the National Bank of Ukraine requirement for exporters to sell half of their foreign currency-denominated revenue

National Bank of Ukraine ex-governor Stepan Kubiv let the hryvnia freely float when he was appointed to the post more than three months ago, but he kept a measure in place to mandate foreign currency earners to convert half their revenue to hryvnias. arrow

13 May 2014

Legal alert: Recent Amendments to the Russian Civil Code: the New Regulation of Legal Entities

On May 7, 2014 high-importance amendments were introduced to the Russian Civil Code with regard to legal entities (the Law). The amendments will take effect on September 1, 2014. arrow

12 May 2014

The Moscow Times publishes commentary by Mark Rovinsky on amendments to the Tax Code

The Finance Ministry is finalizing plans to levy a property tax on individual homeowners and ratchet up the cost by pegging the tax rate to cadastral property values. arrow

7 May 2014

Legal alert: Restrictions Regarding Banking Activity in the Territory of the Autonomous Republic of Crimea and the City of Sevastopol

Roman Stepanenko and Kateryna Oliynyk comments on restrictions regarding banking activity in the territory of the Autonomous Republic of Crimea and the City of Sevastopol. arrow



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