On April 7, 2020 Federal Law No. 115-FZ (“Federal law”) introducing changes into corporate procedures in Russia, was signed and came into force. In accordance with the Federal law in 2020 joint stock companies and limited liability companies may hold annual general meetings of their shareholders not later than September 30. Usually these meetings shall […]
The coronavirus outbreak presents a unique situation as it contains both a naturally occurring component, the virus itself, and a government action component, such as the quarantines put in place in response to the outbreak. In our webinar we will give a comparative overview on the legal situation in Armenia, Belarus, Kazakhstan, Russia and Ukraine. […]
The current situation with self-isolation and closing of many businesses is tough on the majority of companies.It is not clear how long these conditions will last and what financial impacts they will have.Although the Russian government introduced a 6-month moratorium for bankruptcy filings against SMU, undercapitalisation can be a real issue which should be identified […]
The latest decree of the mayor of Moscow extends the term of self-isolation until May 1, 2020 and continues prohibiting work of most of the facilities that are open for the general public like restaurants, cafes, bars etc. Companies whose activities are not officially shut down have a right to continue operations, however need to […]
How to start your business: Jurisdictional guide for Belarus, Russia and Ukraine Date: April 8 Language: English Time: 10:30 (GMT +1, London) 11:30 (GMT+2, Berlin) 12:30 (GMT+3, Moscow) Learn more and register Undercapitalisation – How to identify risks Date: April 15 Language: English Time: 10:00 (GMT +1, London) 11:00 (GMT+2, Berlin) 12:00 (GMT+3, Moscow) Learn more and register Coronavirus […]
On April 1, 2020, Federal Law No. 98-FZ of April 1, 2020 “on amendments to certain legislative acts of the Russian Federation on the prevention and liquidation of emergency situations” was published and came into force (hereinafter, “Law No. 98-FZ”). We will review and comment on the provisions of Law № 98-FZ concerning the possibility […]
On April 1, the President signed the Federal Law N 102-FZ on Amendments to the RF Tax Code, which provides for a number of anti-crisis measures and gives the Russian government additional powers. The main provisions of the law are below. The Law empowers the Government of the Russian Federation to issue normative legal acts […]
On April 2, 2020, the President of Russia signed Executive Order No. 239 “On measures to ensure sanitary and epidemiological safety of the population in Russia due to new coronavirus (COVID-19) outbreak”. According to the Executive Order, in order to ensure sanitary and epidemiological safety of the population in the Russian Federation, the non-working […]
Moscow has approved the first package of measures for anti-crisis support of businesses affected by the decline in business activity and introduction of restrictive measures in connection with the spread of coronavirus. Among the measures announced are the following: The deadline for advance payments for the first quarter of 2020 for property tax and land tax will […]
The Government of the Russian Federation announced the list of priority activities (actions) to ensure the sustainable development of the economy amid the deterioration due to the spread of coronavirus. To read the full article, please click here
On March 31, 2020, Federal Service for Labour and Employment (“Rostrud”) clarified how to pay to the employees working on non-working days from March 30 to April 3, 2020, in Russia. In the response on the website онлайнинспекция.рф Rostrud confirmed that non-working days from March 30 to April 3, established by the Executive Order […]
Today Russia has introduced a restriction of all types of trasnportation through its borders. It will cover all types of checkpoints. There are rare exceptions implied for the inhabitants of Kaliningrad region and Russian citizens living in Donetsk and Lughansk regions. Additionally the Mayor of Moscow has reinforced the restrictions on citizens self-isolation. We now […]