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Legal Checklist: How to Make your Business Sustainable in the Face of New Challenges
ALRUD Law Firm, July 2020

The current crisis has challenged the strength of all companies. It has forced businesses to quickly address new issues that often were outside their agenda earlier. During this period, most of businesses have managed to temporarily adapt, or radically change their processes and strategies; establish a flawless remote operation; transform the pattern of cooperation with counterparties and partners; reallocate resources and learn to communicate with their employees under crisis...

Switching to E-commerce: Legal Checklist
ALRUD Law Firm, May 2020

The global spread of the COVID-19 coronavirus infection has led to significant changes in the Russian retail trade. This pandemic has forced millions of people to stay at home, avoid public places and, of course, buy less. To adapt to the new features of consumer behaviour, retailers need to promptly respond, adapt, or dramatically change their business processes and strategies...

A Guide to Contract Work During the Crisis
ALRUD Law Firm, May 2020

In times of the ongoing crisis, associated with the spread of the novel coronavirus infection (COVID-19), and the introduction of epidemiological requirements and restrictions, many businesses have faced difficulties with contractual performance, including the failure in supply, cancellation of scheduled events and often cutbacks in profits and the impossibility to perform monetary obligations...

Pharmaceutical Industry: It is Time to Check the Structure of Doing Business in Russia
ALRUD Law Firm, May 2020

In the context of COVID-19 pandemic, the field (on-site) tax audits in Russia are currently postponed, but once all restrictions are lifted, the tax authorities can start auditing Russian companies and replenishing the National Budget by redoubling their efforts. The pharmaceutical industry could be in the focus of the tax authorities and, above all, they could start with auditing of the contractual structures used for organizing clinical trials and promotion of pharmaceutical products...

Minimizing Legal Risks under COVID-19 - ALRUDs Practical Guidance
ALRUD Law Firm, May 2020

The global spread of COVID-19 coronavirus infection has led to significant changes in social, political and economic processes in Russia and around the world. Government authorities are responding and introducing measures to combat the spread of coronavirus infection to ensure sustainable economic development and support to citizens in the face of the pandemic...

COVID-19 Impact on M&A in Russia: Trends and Transaction Specifics
ALRUD Law Firm, April 2020

Every day, the outbreak of coronavirus infection has an increasing impact on the economy, in general and various aspects of business, in particular. In this information letter, we have reflected the main trends and specifics of M&A transactions in Russia, under the conditions of restrictive measures caused by the spread of COVID-19. General trends of the M&A market in Russia under COVID-19 Transactions’ dynamic...

Update on the Regulation and Advertising of Medicines in Russia
ALRUD Law Firm, April 2020

We would like to provide you with an update on some changes in the legal regulation of medicines in Russia made due to dynamic spread of the coronavirus (COVID-19)...

COVID-19: Suspension of Terms and Other Temporary Migration Rules in Russia
ALRUD Law Firm, April 2020

On April 18th 2020, the Russian President signed a Decree establishing a temporary procedure for hiring foreign nationals in Russia and suspension of migration terms. Temporary rules apply from March 15th until June 15th, 2020...

COVID-19: New Limitations and Digital Pass System in Moscow and Moscow Region
ALRUD Law Firm, April 2020

In accordance with Decrees of the Moscow Mayor No. 42-UM dated April 10th, 2020 and No. 43-UM dated April 11th, 2020, visiting of most organizations is temporarily suspended and pass control is introduced, within the territory of Moscow. Resolutions of the Moscow Region Governor No. 176-PG dated April 10th, 2020 and No. 177-PG dated April 11th, 2020 introduced similar measures within Moscow Region...

COVID-19: Key Data Protection and Cybersecurity Issues Triggered by the Spread of Coronavirus Infection
ALRUD Law Firm, April 2020

Spread of coronavirus infection made companies to change their daily practices in order to ensure continuous business operation without compromising individuals’ safety. In this newsletter, we elaborate on the most sensitive legal issues in terms of data protection, privacy and cybersecurity...

COVID-19: New Limitations and Digital Pass System in Moscow and Moscow Region
ALRUD Law Firm, April 2020

In accordance with Decrees of the Moscow Mayor No. 42-UM dated April 10th, 2020 and No. 43-UM dated April 11th, 2020, visiting of most organizations is temporarily suspended and pass control is introduced, within the territory of Moscow.Resolutions of the Moscow Region Governor No. 176-PG dated April 10th, 2020 and No. 177-PG dated April 11th, 2020 introduced similar measures within Moscow Region...

Practical Difficulties in Holding Annual and Extraordinary General Meetings of Shareholders and the Impact of COVID-19 Coronavirus on Corporate Governance
ALRUD Law Firm, April 2020

Spring is a busy period in terms of corporate governance. It involves the computations, confirmations and conclusions related to the results of the previous financial year, when the following decisions are needed among others: Approval of annual reports and annual financial statements; Election of a new Board of Directors; Election of an internal Auditor and/or members of internal Audit Commission; Approval of company’s external auditor...

Increased Liability for Breach of Measures to Prevent the Spread of Coronavirus (COVID-19)
ALRUD Law Firm, April 2020

Due to the active spread of coronavirus infection COVID-2019, the Russian authorities, at both the federal and regional levels, are taking significant measures to ensure the self-isolation of citizens. These measures include increasing the liability for violation of measures for preventing the spread of coronavirus infection, which caused adoption of a number of legislative acts. 1...

Moratorium on Bankruptcy Proceedings
ALRUD Law Firm, April 2020

In an expedited process, a Federal Law amending several legislative acts was passed by the State Duma and Federal Council of the Russian Federation. In particular, the law envisages use of the power of the Government of the Russian Federation to impose, in extraordinary cases, a moratorium on insolvency proceedings and provides a legal regime of such moratorium...

COVID-19: What Should Employers Take into Account During the Non-Working Week and General Self-Isolation Regime?
ALRUD Law Firm, March 2020

The Ministry of Labour and Social Protection of the Russian Federation published, on its website, Recommendations (and Additions to them) for employees and employers, in connection with the decree of the President of the Russian Federation of 25.03.2020 No. 206 “On declaring non-working days in the Russian Federation”...

COVID-19: Nationwide Paid Week-Off and Anti-Crisis Measures to Support Business and People During Pandemic in Russia
ALRUD Law Firm, March 2020

On 25th March 2020,President Putin made an official COVID-19 address to the nation, in which he announced a series of measures aimed at reducing the spread of the COVID-19 and lower the negative impact on the Russian economy. Among others, President Putin stated that the period from March 30th till April 3th, 2020 would be a nationwide paid week-off, which is formalized by a special Presidential Decree, and which is obligatory for everyone in Russia...

The Impact of the Coronavirus (COVID-19) on Performance of Contractual Obligations
ALRUD Law Firm, March 2020

The coronavirus (COVID-2019)[1], which today affects more than 150 countries and territories around the world, has already had, and continues to have, a significant impact on the global economy...

Currency Regulations: Swiss Focus
ALRUD Law Firm, December 2019

Further to ourNewsletter related to the recent changes in the Russian currency regulations, we are sending you additional comments, which may help Swiss banks and bankers, who work with Russian clients.Taking into consideration the legislative amendments¹, we understand that the use of accounts opened with the banks located in Switzerland will be more convenient for the Russian currency residents (the “Residents”)...

Currency Regulations: New Amendments
ALRUD Law Firm, December 2019

We would like to draw your attention to the latest amendments in currency control legislation, which are applicable to individuals - currency residents. On December 2nd, 2019, the President of the Russian Federation signed Federal Law No...

Tax Issues to Consider when Providing E-Services to Russian-Based Clients
ALRUD Law Firm, October 2019

With effect from 1st. January 2019, Russia amended the rules relating to VAT taxation of electronic (online) services (e.g. provision of rights to use software, streaming music, films, gaming services, hosting, website and webpage support, etc.). The new regulations raised a number of questions that are considered in this article...

Amendments to the Russian Anti-Corruption Regulations
ALRUD Law Firm, November 2018

This is to inform that the President of the Russian Federation has introduced to the State Duma the Draft of Federal Law on amendments to anti-corruption regulations referred to the restrictions of Russian public officers (hereinafter – the Draft Law)...

Changes in legislation on foreign investments in strategic companies of the Russian Federation
ALRUD Law Firm, September 2017

September 22, 2017 Dear Madam or Sir, We hereby inform you that recently Federal Law dated 01.07.2017 No. 155-FZ (“155-FZ”) and Federal Law dated 18.07.2017 No. 165-FZ (“165-FZ”) have been adopted and became effective, introducing significant amendments to Federal Law dated 29.04.2008 No...

Current trends in court practice on discrimination claims in Russia
ALRUD Law Firm, September 2017

Irina Anyukhina, ALRUD Partner, heading Labour and Employment practice, prepared an article for September issue of “Discrimination and Equality Law News”, published by International Bar Association Legal Practice Division. In the article, Irina describes current trends in court practice on discrimination claims in Russia...

Position of Russian Federal Tax Authorities in respect of currency control regulation
ALRUD Law Firm, August 2017

Position of Russian Federal Tax Authorities in respect of currency control regulation August 29, 2017 Dear Ladies and Gentlemen, This is to inform you that Federal Tax Authority of the Russian Federation published the Letter no. 3-H-3-17/[email protected] dated July 16, 2017, in respect of the position regarding legitimacy of transactions of Russian residents on their foreign bank accounts which were not declared to the local tax authorities (the “Letter”)...

The concept of unjustified tax benefit is formalized in the Russian Tax Code
ALRUD Law Firm, August 2017

The concept of unjustified tax benefit is formalized in the Russian Tax CodeAugust 03, 2017Dear Sirsand Mesdames,We would like to inform you that the Federal Law No. 163-FZ dated July 18, 2017 (the “Law”) introduced amendments to the Russian tax legislation, codifying the concept of unjustified tax benefit, which was previously described by the Supreme Arbitration Court in 2006. The new Article 54...

 

 

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