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Recent Legal Updates


31 July 2011

New Law on Procurement of  Goods, Works and Services by Certain Categories of Legal Entities

 

Federal Law of 18 July 2011 No. 223-FZ “On Procurement of  Goods, Works and Services by Certain Categories of Legal Entities” will come into force on 1 January 2012 (except for certain clauses). The Law provides for competition bidding principles and procedures with respect to  procurement of  goods, works and services by certain categories of legal entities with state and municipal participation (state corporations, unitary enterprises etc.) and legal entities carrying out of certain types of activities, e.g. utility suppliers.

Read more > (Russian)


30 July 2011

Resolution of Plenum of High Arbitration Court of the Russian Federation On Certain Issues of Resolution of Disputes Resulting from the Agreements with respect to Immovable Property to be Built or Acquired in Future

 

On July 11, 2011 Resolution of Plenum of High Arbitration Court of the Russian Federation No. 54 “On Certain Issues of Resolution of Disputes Resulting from the Agreements with respect to Immovable Property to be Built or Acquired in Future” was adopted. The Resolution provides for clarification of certain legislation provisions with respect to the sale and purchase agreements of immovable property concluded in the absence of state registration of title of the seller to such property, agreements connected to investment and finance of construction of immovable property, and clarifies other important issues. The Resolution is obligatory for all state arbitration courts of the Russian Federation.

Read more > (Russian)


15 June 2011

Latest Amendments to the Federal Law On State Registration of Rights to Immovable Property and Transactions Involving Such Property

 

Federal Law of June 4, 2011 No. 129-FZ “On the Amendments of Clauses 7 and 8 of the Federal Law “On State Registration of Rights to Immovable Property and Transactions Involving Such Property” and Federal Law “On State Immovable Property Cadastre” will come into force on June 17, 2011. The Law provides for establishment of new procedures of state recording (cadastral registration) of buildings, premises and real estate facilities during the transition period and introduces some other amendments.

Read more > (Russian)


13 June 2011

New Federal Law Concerning the Licensing of Certain Types of Activity

 

On May 4, 2011 Federal Law No. 99-FZ “Concerning the Licensing of Certain Types of Activity” was adopted, which will come into force on November 3, 2011 (except for certain clauses). The Law shall regulate the relations between state authorities, legal entities and sole entrepreneurs with respect to carrying out of activities subject to licensing (instead of the previous so-named Federal Law of August 8, 2001 No. 128-FZ).

Read more > (Russian)


12 April 2010

Public Access to Court Decisions in Russia

 

In April 2010 The Higher Arbitration Court of Russian Federation started full-featured web-service "The Bank of Decisions of the Commercial Courts" - http://kad.arbitr.ru. The judicial acts from all 112 courts of arbitration of Russia are available on this extensive site.

Federal Law No. 262-FZ of 22 December 2008 "On Providing Access to Information Regarding the Activity of the Courts in the Russian Federation" is effective July 1, 2010. According to the Law No 262-FZ the text of judicial acts of all courts in Russia (including courts of arbitration and courts of general jurisdiction) shall be posted on the Internet following their adoption.

Read more > (Russian)


01 April 2010

Changes to Federal Law On Personal Data

 

Federal Law of 27 December 2009 No. 363-FZ “On Amendments to Articles 19 and 25 of the Federal Law “On Personal Data”” came into effect on 29 December 2009. The Federal Law  moved the period initially set by the Federal Law "On Personal Data" for bringing personal data information systems into compliance with the requirements of the Federal Law “On Personal Data” from 1 January 2010 to 1 January 2011. Also, the new Law excluded use of encryption (cryptographic) means of data protection from the list of the personal data operator’s duties.

Read more > (Russian)


16 February 2010

Legal Alert on New Russian Law on Trade

 

Federal Law No. 381-FZ of 28 December 2009 «On the Principles of State Regulation of Trading Activity in the Russian Federation» came into force on 1 February 2010. The Federal Law essentially changed the rules applicable to trade activities. It mainly governs business relations pertaining to supplies of foodstuffs but certain provisions also cover business relations in the supply of non-foodstuffs.

The Federal Law demands that food supply contracts concluded before the law’s effective date be brought into line with the Federal Law by 30 July 2010.

The Federal Law enacts limitation of the dominant positions of retail chains to a 25% share of the market for food products. This restriction shall apply to municipalities and urban areas after 1 July 2010.

Read more > (Russian)


27 January 2010

The Rates of State Duties for Legally Significant Actions Are Increased

 

Federal Law No. 374-FZ «On Amendments to Article 45 of Part I and Chapter 25.3 of Part II of the Tax Code and Other Laws of the Russian Federation and the Repeal of the Law on Fees for the Issuance of Licenses» dated 27 December 2009 will enter into force on 29 January 2010, except for certain clauses stipulating a different time frame.

The Law increases rates of state duty for various legally significant actions. For example, the amendments double the following fees, many of which foreign companies encounter regularly while doing business in Russia: filing fees for litigants in arbitrage courts and courts of general jurisdiction; renewal of a residency permit (to 2,500 Rubles); state registration of a legal entity (to 4,000 Rubles); accreditation of branch offices of foreign legal entities (to 120,000 Rubles).

Read more > (Russian)


25 January 2010

Significant Changes to the Russian Corporate Legislation

 

Federal Law No. 352-FZ of 27 December 2009 «On the amendments to certain legislative acts of the Russian Federation with regard to revised limits for authorized capital formation of business entities, revised creditor’s rights protection methods upon decreases unauthorized capital amounts, changed requirements to business entities if authorized capital doesn't match with the net assets value and revised limits regarding bond issues by business entities» came into effect on 31 January 2009.

The Law No. 352-FZ provides that now set-off in connection with the payment for shares or participatory interest is possible. Also the law introduces a new procedure for a joint stock company's charter capital decrease and provides for actions that must be undertaken by a joint stock company if its net assets value falls lower than the amount of the charter capital, such as including in the annual report a section on the status of net assets and proposals on equaling net assets value with a charter capital of a joint stock company, etc.

Read more > (Russian)


22 January 2010

The Amendments Concerning to State Cadastre of Real estate and Registration of the Rights on Immovable Property

 

By the Federal Law No 334-FZ «On the Amendments to Individual Legislative Acts of the Russian Federation» of December 21, 2009, there are made the amendments to the Federal Law No 122-FZ «On state registration of the rights on real estate and bargains therewith» of July 21, 1997 and the Federal Law No 221-FZ «On state cadastre of real estate» of July 24, 2007, as well as other normative acts. The amendments concern to receiving of information about state registration of the rights on real estate items and bargains therewith; submission of documents to the registration, suspension of the state registration; rules of keeping of the United state registry or the rights on real estate and bargains therewith.

Read more > (Russian)


11 January 2010

Update On the List of Works Which Influence Upon the Safety of Capital Construction Facilities

 

Order No. 480 of the Ministry of Regional Development, dated 21 October 2009, entered into force on 9 January 2010. The resolution changes the list of types of works related to engineering surveys, preparation of design documentation, construction, reconstruction, capital repairs of capital construction facilities, which exercise influence upon the safety of capital construction facilities. According to the Order No. 480 general contractors and construction managers have to receive permission of the self-regulating organization from the 9 January 2010.

Read more > (Russian)


22 December 2009

Reversal of Deadline For an Obligatory Re-registration of Charters of Limited Liability Companies

 

Federal Law No. 310-FZ dated December 17, 2009 "On Amending Article 5 of the Federal Law "On Amendments to Part One of the Civil Code of the Russian Federation and Certain Legislative Acts of the Russian Federation” canceled the earlier deadline (until 1 January 2010) for an obligatory re-registration of charters of limited liability companies.

Read more > (Russian)


15 December 2009

New Russian Anti-Insider Trading and Market Manipulation Legislation

On October 30, 2009, Federal Law of the Russian Federation No. 241-FZ "On Making Amendments to the Criminal Code of the Russian Federation and Article 151 of the Criminal Procedural Code of the Russian Federation" was enacted. The Federal Law is aimed as strengthening the protection of investors in the securities market. It introduces criminal liability for breaching the procedure for recording rights to securities, manipulation of prices on securities market (including Internet) and for preventing the exercise or illegal restriction of the rights of securities owners.

The State Duma approved the first reading of the draft law "On Counteracting Unlawful Use of Insider Information and Manipulation of the Market" on April 17, 2009. The draft law aims to establish comprehensive regulation of the use of insider information and market manipulation in “organized markets” – meaning any forum in which trades are performed using an exchange or other licensed trading platform.

Read more > (Russian)


03 December 2009

Priority Registration of Domain Names in Cyrillic Domain .РФ (.RF)

Since 25 of November, 2009 the acceptance of applications on priority registration of domain names in the new Cyrillic .РФ (.RF) domain for owners of the trademarks and service marks registered in Russian has began. The acceptance of applications on priority registration will last to 25 March 2010.

Within this period-limit of priority registrations, an application can be submitted for the receipt of .РФ domain-names ownership on operating for Russian-speaking trademarks, officially registered within the territory of the Russian Federation. The priority registration in the .РФ domain is performed with respect to a domain name corresponding to a word designation of a trademark that is registered with respect to any goods or services. Priority registration of domain names in the .РФ domain is regulated by the Rules of Domain Name Registration in the .РФ Domain and the Provisions on Priority Registration of Domain Names in the .РФ adopted by Domain Russian Coordinating Center of the National Internet Domain on 30 September 2009.

Read more > (Russian)


15 September 2009

Clarifications of the Supreme Arbitration (Commercial) Court of the Russian Federation on Bankruptcy Law

 

The Update is dedicated to the latest clarifications of the Supreme Arbitration (Commercial) Court of the Russian Federation regarding application of Federal Law No. 127-FZ «On Insolvency (Bankruptcy)», dated 26 October 2002.

On 23 July 2009 the Plenum of the Supreme Commercial Court of Russian Federation adopted Resolution No. 58 "On Certain Issues Related to Satisfaction of the Pledgeholder's Claims in Case of the Pledgor's Bankruptcy", Resolution No. 59 "On Certain Issues Related Application of the Enforcement Law Where the Debtor Undergoes Bankruptcy Procedures", Resolution No. 60 "On Certain Issues Related Application of Amendments to the Bankruptcy Law introduced by Federal Law No. 296-FZ, dated 30 December 2008", Resolution No. 63 " On Current Claims under Monetary Obligations in a Bankruptcy Case ". The Resolutions are mandatory for lower commercial courts when handling similar legal matter.

 

Read more > (Russian)


09 September 2009

Changes to Russian Competition Legislation. Government of the Russian Federation Clarifies Instances Where Agreements Between Economic Entities Are Permissible

 

Resolution No. 583 of the Government of the Russian Federation, dated 16 July 2009, entered into force on 31 July 2009. The resolution establishes instances in which agreements between buyers and vendors are permissible (and general exceptions), provided that a number of conditions are met: the product should be sold to two or more buyers (with the vendor's share of the product market at less than 35 percent) or to a single buyer whose share of the product market is less than 35 percent; the vendor and buyer should not compete with each other (except for the competition on a product market on which the buyer purchases the product for subsequent sale); the buyer should not manufacture products that are mutually replaceable with respect to the products that are the subject of the agreement, etc.

Read more > (Russian)


07 September 2009

Amendments to Some Laws of Moscow Region, Regulating Land Relations

 

On July 17, 2009, the Governor of Moscow Region signed Law of Moscow Region No. 96/2009-OZ "On introduction of amendments to some laws of Moscow Region, regulating land relations in Moscow Region”. The Law amending the Law of Moscow Region № 23/96-OZ "On regulation of land relations in Moscow Region" and the Law of Moscow Region No. 126/2008-OZ "On establishment of coordinating dimension of rent charge for land plots, owned by Moscow Region, or the state ownership to which isn't differentiated at the territory of Moscow Region, on 2009".

Importantly for investors and developers, the amendments enlarge the powers vested in the Government of Moscow Region & local authorities of Moscow Region. Particularly, beginning 1 January 2009 local authorities of Moscow Region have power to down-size rental payments for land plots etc.

Read more > (Russian)


03 September 2009

Important Changes in the Corporate Legislation

 

On July 19, 2009 a Federal Law No. 205-FZ "On the Amendments to Certain Legislative Acts of the Russian Federation” was enacted.

The Federal law establishes the procedure for considering corporate disputes related to the creation, reorganization or liquidation of legal entities, ownership of shares, stakes in charter capital, and shares of members of a cooperative, issuing securities, and appealing the decisions of management bodies.

The law will enter into force on 21 October 2009.

Read more > (Russian)


30 July 2009

Latest Amendments to the Bankruptcy Law

 

Federal Law No. 195-FZ of July 19, 2009 "On the Amendments to Individual Legislative Acts of the Russian Federation” introduced important changes to the Bankruptcy Law. The amendments putted by the Federal Law No. 195-FZ have specified features of legal position of creditors, demands of which are secured by pledge of debtor's property, the size of remuneration of insolvency officer in a case about bankruptcy, the size of payment of services of persons attracted by external administator or competitive administrator for carrying our his activity.

The law entered into force on 22 July 2009.

Read more > (Russian)


28 July 2009

Important Changes in the Antimonopoly Legislation

 

On July 17, 2009 a Federal Law No. 164-FZ "On Protection of Competition and Certain Other Legislative Acts of the Russian Federation” was enacted, which amended a number of key regulations for antimonopoly legislation in Russia.

The Law has introduced the following key changes: (1) expanded application of the Federal Law «On Protection of Competition»; (2) the Law treats a business entity as having a dominant position irrespective of its market share; (3) amendment of definitions of monopolistic high and low prices; (4) amended restrictions with respect to vertical agreements; (5) expanded powers of the antimonopoly authority; (6) increase of thresholds for the application of antimonopoly consent or notification requirements etc.

The law will enter into force on 23 August 2009.

Read more > (Russian)


 

15 June 2009

Amendments to Federal Laws Governing Joint-Stock Companies and Securities Market

 

On June 10, 2009, the Federal Law No. 115-FZ "On Amendments to the Federal Law On Joint-Stock Companies and Article 30 of the Federal Law On Securities Market" came into force.

Read more > (Russian)


05 May 2009

Amendments to the Bankruptcy Law

 

Federal Law No. 73-FZ of April 28, 2009 "On the Amendments to Individual Legislative Acts of the Russian Federation” introduced important changes to the Bankruptcy Law. The Federal Law is aimed at protection of interests of creditors in the cases of bankruptcy of organisations.

Read more > (Russian)


27 April 2009

The Plenum of RF Supreme Court and RF Supreme Arbitration Court has clarified questions that have arisen on intellectual property law

Resolution of the Plenum of Supreme Court of Russian Federation No. 5 and Plenum of the Supreme Arbitration Court of the Russian Federation No. 29 of March 26, 2009 (published on 22 of April 2009, Rossiiskaya Gazeta) clarifies applying of regulations of the RF Civil Code (part IV).

 

Read more > (Russian)


12 March 2009

Changes in Limited Liability Companies Legislation

 

On December 30, 2008 a Federal Law No. 312-FZ “On Amending Part I of the Civil Code of the Russian Federation and Certain Other Legislative Acts of the Russian Federation” was enacted, which amended a number of key regulations for limited liability companies in Russia.

Read more > (Russian)


10 March 2009

Amendments to the placement of orders in point of delivery of goods, performance of work, rendering services for state and municipal needs legislation / March 2009

 

On 30 December 2008 a Federal Law No. 308-FZ "On Amendments to the Federal Law "On Placement of Orders in point of Delivery of Goods, Performance of Work, Rendering Services for State and Municipal Needs” and Certain Other Legislative Acts of the Russian Federation” was adopted.

Read more > (Russian)


09 March 2009

Amendment to the Bankruptcy Law / March 2009

 

Federal Law No. 296-FZ "On Amendments to the Federal Law "On Insolvency (Bankruptcy) ” and Certain Other Legislative Acts of the Russian Federation” dated 30 December 2008 introduced significant changes to the Bankruptcy Law.

Read more > (Russian)


09 March 2009

Changes in restructuring of legal entities legislation / March 2009

 

On December 30, 2008 the President signed Federal Law No. 315-FZ "On Amendments to the Federal Law "On Banks and Banking Operations” and Certain Other Legislative Acts of the Russian Federation” , which introduced a number of significant changes to regulations regarding restructuring of legal entities. organization order (not only for banks).

 

Read more > (Russian)


09 March 2009

Overview of amendments to the protection of legal entities’ and individual entrepreneurs’ rights during state and municipal control (supervision) actions legislation / March 2009

 

On 26th of December 2008 a Federal Law No. 294-FZ "On Rights Protection of Legal Entities and Individual Entrepreneurs During State and Municipal Control (Supervision) Actions” was adopted.

 

Read more > (Russian)

     

 

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info@lawsynergy.ru | Contacts

Recent Legal Updates

Russian

[31.07.2011] New Law on Procurement of Goods, Works and Services by Certain Categories of Legal Entitites (Federal Law No. 223-FZ)

[30.07.2011] Resolution of High Arbitration Court of Russia No. 54 On Immovable Property to be Built or Acquired in Future

[15.06.2011] Latest Amendments to the Federal Law On State Registration of Rights to Immovable Property and Transactions Involving Such Property (Federal Law No. 129-FZ)

[13.06.2011] New Federal Law Concerning the Licensing of Certain Types of Activity (Federal Law No. 99-FZ)

12.04.2010] Public Acess to Court Decisions in Russia (Federal Law No. 262-FZ)

[01.04.2010] Changes to Federal Law "On Personal Data" (Federal Law No. 363-FZ)

[16.02.2010] New Russian Law on Trade (Federal Law No. 381-FZ)

[27.01.2010] The Rates of State Duties for Legally Significant Actions Are Increased (Federal Law No. 374-FZ)

[25.01.2010] Significant Changes to Russian Corporate Law (Federal Law No. 352-FZ)

[22.01.2010] The Amendments Concerning to State Cadastre of Real estate and Registration of the Rights on Immovable Property (Federal Law No. 334-FZ)

[11.01.2010] Update On the List of Works Which Influence Upon the Safety of Capital Construction Facilities (Federal Law No. 352-FZ)

[22.12.2009] Reversal of Deadline For an Obligatory Re-registration of Charters of Limited Liability Companies (Federal Law No. 310-FZ)

[15.12.2009] New Russian Anti-Insider Trading and Market Manipulation Legislation (Federal Law No. 241-FZ)

[03.12.2009] Priority Registration of Domain Names in Cyrillic Domain .РФ (.RF)

[15.09.2009] Clarifications of the Supreme Arbitration Court of the Russian Federation on the Bankruptcy Law

[09.09.2009] Government of the Russian Federation Clarifies Instances Where Agreements Between Economic Entities Are Permissible (Resolution No. 583)

[03.09.2009] Important Changes in the Corporate Legislation (Federal Law No. 205-FZ)

[28.07.2009] Important Changes in the Antimonopoly Legislation (Federal Law No. 164-FZ)

[15.06.2009] Amendments to Federal Laws Governing Joint-Stock Companies and Securities Market

[05.05.2009] Amendment to the Bankruptcy Law (Federal Law No.73-FZ)

[09.03.2009] Changes in the Limited Liability Companies Legislation (Federal Law No.312-FZ)

[09.03.2009] Changes in Restructuring of Legal Entities Legislation (Federal Law No. 315-FZ)  

[09.03.2009] Amendments to the Protection of Legal Entities Rights During State Control Actions Legislation (Federal Law No. 294-FZ)

More Legal Updates

Publications & Articles

[22.03.2010] Protecting The Rights of Secured Creditor Upon Bankruptcy | Article | Magazine "Commercial Real Estate"

[04.03.2010] Control of Insider Trading Activities and Manipulation of Market | Article | Magazine "Securities Market"

[11.01.2010] General Contractor: From Regulation to Self Regulation | Article | Magazine "Corporate Lawyer"

[12.12.2009] International Law Firms Tend to Dominate the Russian Legal Market | Article | Magazine "Legal Business"

[24.11.2009] When a Residential Developer Goes Bankrupt It Can Mean Trouble for Participants in Shared Construction | Article | Magazine "Finans." 

[03.11.2009] Point of View: Good Faith is not the Panacea for Buyers of Land and Country Estate | Article | Vedomosti

[05.10.2009] Anti-crisis Debt Restructuring of Russian Companies | Article | Slon.RU

[29.07.2009] Amount of the Bankruptcy Cases Will Raise Up to 40 percents | Interview | "Sobstvennik"

[16.07.2009] Tax Authorities vs. Miel | RBC-Daily

[14.07.2009] Creditor Rights Protection | Article | magazine "Finans."

[09.07.2009] Law Synergy Comments London High Court Action by VTB bank vs. Chalva Tchigirinski | Reuters, BFM.Ru, Gazeta.Ru, Pravo.Ru

[06.07.2009] Participants in Shared  Construction vs. Developers (article) | Vedomosti

More Publications & Articles

Latest News

[20.01.2010] Managing Partner of Law Synergy will be presenting at a major conference, Insolvency and Bankruptcy in Russia, organised by C5 (29 January2010)

[06.05.2009] Managing Partner of Law Synergy participated in Workshop on Distressed Debt Russia and CIS organized by C5

[05.05.2009] Who’s Who. Leading Lawyers of Russia