The New Version of the Draft Law “On External Administration to Manage a Company”
The new version of the Draft Law “On external administration to manage a company” (Draft Law) dated 12th April 2022 was introduced to the State Duma.
The Draft Law was significantly revised, especially in part of the scope of application and the procedure of the external administration implementation.
More About Obtaining a Consent by the Government Commission for Certain Transactions With Foreign Counterparties
Presidential Decrees No. 79 of February 28, 2022 and No. 81 of March 1, 2022 (Decrees) introduced new rules for conducting transactions with foreign persons associated with States engaged in unfriendly actions.
Bill on Exemption from Contractual Liability Due to Foreign Sanctions
On March 22, 2022, a Bill (the “Bill”) was submitted to the State Duma on the specifics of contractual performance under the conditions of unfriendly actions of foreign states and international organizations related to the introduction of restrictive measures (foreign sanctions) against Russian legal entities and individuals.
Lidings Ranked High in New Kommersant-2022 Rating
Lidings takes high positions in the new rating of the leading legal advisors in Russia based on the analytical research held annually by the “Kommersant” newspaper.
Winding-up a Company in Russia During Sanctions. Summary Guide
Currently, a great number of western companies declare the winding-up or suspension of their business activity in Russia. For many counterparties, which render services, perform works, or supply materials and goods to these companies (clients or a buyers), their winding-up inevitably leads to permanent or temporary ceasing of operations in the territory of the Russian Federation and, as a consequence, minimizing the associated costs of the Russian legal entity – at least for the next several months.
Escrow Account: What is it and what it is for (in Russia)
Foreign insurance organizations will be able to establish their branches on the territory of the Russian Federation
On August 22, 2021, Federal Law No. 343-FZ dated 02.07.2021 "On Amendments to the Law of the Russian Federation "On the Organization of Insurance Business in the Russian Federation" and Certain Legislative Acts of the Russian Federation" ("Law") comes into force. This regulatory act is aimed at fulfilling Russia's obligations to the WTO on the admission of branches of foreign insurers to the territory of the Russian Federation.
To hold a remote meeting will be easer
On July 1, 2021, Federal Law No. 225-FZ of 28.06.2021 "On Amendments to Part One of the Civil Code of the Russian Federation" (the Law) aimed at improving and increasing the effectiveness of holding remote meetings came into force.
Registrars of the registers of JSC will have to submit the information about shareholders to the Federal Service of State Statistics
On 01.09.2021 Federal Law No. 174-FZ dd 11.06.2021 (the Law) enters into force.