Russia’s investigators will be able to obtain statements on bank transactions and accounts held by companies and individual entrepreneurs, as well as data on operations, accounts, and deposits by individuals, only on the basis of a court order. Russian President Vladimir Putin signed the amendment into law at the end of June. Both chambers of parliament had approved the bill.
Global Arbitration Review provides commentary by Markiyan Kliuchkovskyi on amendments to the Rules of the ICAC at the UCCI regarding time extension for award issuance
In the first changes to be made to the rules of the institution since their debut in 2007, tribunals have been given five extra days to communicate an award to the parties, with scope to extend that period by the ICAC president still further in “exceptional circumstances”. Other provisions on the general duration of a case, set at six months, remained unchanged.
PaRR (Policy and Regulatory Report) publishes commentary by Gleb Bialyi on Russia and Ukraine reaching an agreement over the contentious issue of automobile salvage fees
Russia and Ukraine are likely to reach an agreement over the contentious issue of automobile salvage fees without either side referring the dispute to the World Trade Organization (WTO), lawyers familiar with the process said.
The authorities are developing new urban planning regulations within the Boulevard Ring, according to which the volume of construction will be limited. The "surgical cutting" may well reach 200,000 sq.m.
Iran's lawsuit against Russia for its refusal to supply S-300 air-defence systems could have serious political consequences. Kommersant has learned that the leadership of the Russian Federation has made the decision that unless Tehran withdraws the suit, Moscow will deprive it of international support and occupy a tougher position on Iran's nuclear problem. Moreover, Kommersant has learned that the claims of the Iranian authorities that the sum total of the lawsuit that they have filed amounts to only $900 million (not almost $4 billion) do not entirely correspond to reality.
On weekends, holidays and the days of major cultural events, Moscow's center may be announced as a car- free zone. The authorities promise to account for all the consequences of the restrictions for thecapital's transport system and to organize additional parking spaces in locations where the blockages are set up. However, how will the new measure affect retailers located on the central streets?
Kazakhstan's Aksai City, a dusty outpost just across the border from Russia, is a key gateway for energy companies seeking to tap one of the country's richest oil and gas deposits, the Karachaganak field.
German newspaper Handelsblatt publishes commentary by Michael Hartleben on Supreme Arbitrazh Court of the Russian Federation president’s proposals to grant the Russian courts powers to set aside foreign court judgments and international arbitration awards that prejudice interests of Russian parties.