Legal overviews
Will your shareholders' agreements need to be revised?
- Service: Corporate Law / Mergers and Acquisitions
- Date: 04.03.2016
On December 29, 2015, Russia passed a piece of legislation according to which all disputes connected with corporate governance in a Russian company may only be submitted to an arbitration court (as opposed to the state commercial court), except for the following disputes:
- Convening of general meetings of shareholders;
- All corporate disputes in respect of the companies with strategic importance;
- Buy-out of shares in joint stock companies;
- Expulsion of shareholders from the company.
Sanctions for not using agricultural land can be toughened
- Service: Real Estate and Construction
- Date: 03.03.2016
Draft law submitted to Russian Duma provides tougher measures to combat improper use of agricultural land
Antistress changes in the legislation on controlled foreign companies
- Date: 01.03.2016
On February 15, 2016, Federal Law No.32-FZ became effective, specifying current legal regulations on taxation of profits of controlled foreign companies
Self-regulatory organizations on the financial market and requirements of the Competition Law
- Service: Antitrust Law
- Date: 26.02.2016
In the beginning of 2016, the law on self-regulatory organizations regulating establishment and activity of SROs on the financial market entered into force.
The Law can create additional administrative barriers for new and existing participants of the financial market. It has also created a field for potential violations of antitrust law by an SRO and its members.
Special features of using trademarks and their protection in Russia
- Service: Intellectual Property (IP)
- Date: 16.02.2016
The general rule of Russian law is that any use of a trademark is prohibited without the permission of the rightholder, which is in line with international IP standards.
European Court of Human Rights ruled that employers can monitor online communication of their employees
- Service: Labor and Migration Law
- Date: 12.02.2016
On January 12, 2016 ECHR made a decision on the Barbulescu v. Romania case No.61496/08 allowing to monitor employees’ private correspondence and recognized an employee’s dismissal due to private messaging using company devices during working hours as lawful and not violating personal rights of the employee.
Gaining an advantage based on drop of the ruble is recognized as grounds for revising a lease agreement
- Service: Real Estate and Construction
- Date: 08.02.2016
As we previously informed, on December 29, 2015, the Moscow Commercial Arbitration Court recognized ruble devaluation resulting from the policy of the Russian Central Bank concerning an independent exchange rate, to be reasonable grounds for entering amendments into a lease agreement concluded in foreign currency (case No.А40-83845/15).
News in regulating document workflow in the course of state registration of legal entities starting from January 1, 2016
- Service: Corporate Law / Mergers and Acquisitions
- Date: 04.02.2016
Starting from January 1, 2016, a new procedure for involving notaries in submission of documents for state registration of legal entities became effective.
Draft law restricting state support to foreign and certain Russian legal entities adopted in third reading
- Date: 03.02.2016
The state support to foreign legal entities and certain Russian legal entities is restricted
How 2016 started for LLCs and non-commercial organizations
- Service: Corporate Law / Mergers and Acquisitions
- Date: 01.02.2016
The first month of 2016 was marked by certain amendments to corporate law, which have taken effect. Here we draw your attention to the most important and interesting ones.