Being the largest among CIS countries with immense opportunities for business, according to annual World Bank reports, Russia has made the most progress among the biggest emerging economies in implementing policies to improve its investment climate in recent years.
The uniform customs territory in the framework of the Customs Union as well close cultural links between Kazakhstan and Russia and their common historic heritage are the main drivers for strong economic cooperation between the two countries and permanent growth for trade turnover and mutual investments.
Having been on cutting edge of the developments ever since its establishment and constantly striving to extend the scope of its services available to clients, in 2013 GRATA opened its office in Moscow.
Establishing a stronger presence in Russia, GRATA International opened associate offices in: Novosibirsk - December 2016, Samara - January 2017 and, Rostov-on-Don - May 2017, Saint-Petersburg - April 2017.
Extensive, internationally recognized expertise in providing legal support to investors in connection with cross-border M&A and financial transactions, capital markets projects and project finance in the Central Asia region and the ability to handle the most complex multi-jurisdictional assignments in cost-efficient manner while delivering high-quality results are the key strengths that we are fully implementing in Russia.
Brochure: GRATA International Moscow office
Brochure: Doing business in Russia
12, Presnenskaya Embankment, Moscow, Russia
Tel.: +7 (495) 660-11-84
Fax.: +7 (495) 660-11-64
|Alexey Aksuk||Senior Partner, Attorney at law||Rostov-on-Don||Inquire|
|Evgeniya Bondarenko||Managing Partner||Novosibirsk||Inquire|
|Almat Daumоv||Partner, Head of Natural Resources Department, Representative GRATA International (Moscow)||Moscow
|Yana Dianova||Director of Corporate and Commercial Law Department, GRATA International (Moscow)||Moscow||Inquire|
|Yevgeniy Gorokhov||Head of Dispute Resolution Department, Attorney at law, GRATA International (Moscow)||Moscow||Inquire|
|Vladimir Komarov||Managing Partner||Saint Petersburg||Inquire|
|Inna Makarova||Partner, Attorney at law||Rostov-on-Don||Inquire|
|Dmitry Samigullin||Managing Partner||Samara||Inquire|
|Denis Shestakov||Partner||Saint Petersburg||Inquire|
|Dmitry Sobolev||Partner, Attorney at law||Rostov-on-Don||Inquire|
|Andrei Soukhomlinov||Managing Partner, Office Director, GRATA International (Moscow)||Moscow||Inquire|
|Igor Stepanov||Managing Partner||Rostov-on-Don||Inquire|
|Eldar Ziatdinov||Director of Tax Law Department, GRATA International (Moscow)||Moscow||Inquire|
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This article discusses the features of foreclosure on the subject of a pledge. The author focuses attention on the fate of a pledge, as an encumbrance on the subject, which was a guarantee of the fulfillment of the Debtor’s obligations to the creditor. The conflict between the norms of the Civil Code and the Federal Law “On Insolvency (Bankruptcy)” is considered, supported by relevant examples from judicial practice.
Since August 10, 2017, the Federal Law of July 29, 2017 No. 216-FZ has been in effect in Russia, providing for the legal basis for establishment and operation of innovation scientific and technological centres in order to implement the priorities of the scientific and technological development of the Russian Federation, increase the investment attractiveness of research and development, the commercialisation of their results, incentives for persons involved in the implementation of such projects, the features of their activities, including urban planning, educational and medical activities (the "Law No. 216-FZ").
The Astana International Financial Centre (AIFC) was launched on the 5 July 2018. It is a financial hub located in Astana, Kazakhstan. The aims of AIFC are to attract investment and bring in clients from Asia, Europe and the Middle East.
Since April 23, 2018, the provisions of the Federal Law No. 229-ФЗ "On Enforcement Proceedings" dated October 2, 2007, regulate the procedure for enforcement of the requirement contained in the executive document to remove information distributed on the Internet that defames the honor, dignity or damages business reputation of a citizen or damages business reputation of a legal entity.
The editorial office of the newspaper Delovoy Peterburg (Peterburg Buisness Daily) conducted the traditional rating "Lawyer of the Season" in the summer of 2018.
In 2017 the International Federation of Consulting Engineers has introduced major amendments to FIDIC 1999 Yellow, Red and Silver Books which have been in use in the construction industry for almost twenty years.
Dmitry Samigullin spoke on Business setup in Russia in Zurich.
In July and August 2018, the Federal Laws were signed aimed to expand:
The Federal Law dated 03 August 2018 No. 290-FZ “On International Companies” (“Law No. 290-FZ”) defines the legal status of international companies - an economic organisation with the status of an international company registered in the Unified State Register of Legal Entities (USRLE) in connection with the change of a personal law by a foreign legal entity by way of redomiciliation, specific features of its activities, reorganisation and liquidation, as well as the recording and exercising of rights to its securities.
Federal Law No. 291-FZ dated 3 August 2018 (Law No. 291-FZ) provides for the establishment and operation of special administrative districts in the territories of the Russian Island (Primorsky Krai) and Oktyabrsky Island (Kaliningrad Region) to form an investment-attractive environment for Russian and foreign investors.
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 will be held in Almaty.
Stable international cooperation in the area of trade and civil turnover is only possible where foreign counterparties and businessmen are confident about protection of their rights in the territory of a foreign state.
During the Month of July 2018 GRATA International (Russian Federation) generated the most usage from Mondaq users for the category of commercial law.
On 29 July 2018 several Federals Laws were signed off amending the Federal Law 'On Currency Regulation and Currency Control' as follows:
Federal Law No. 246-FZ introduced additional cases when a resident (an individual or legal entity deemed as the resident of the Russian Federation for currency control purposes) is deemed to have fulfilled the duty to repatriate the currency proceeds;
- Federal Law No. 247-FZ supplemented the list of currency transactions permitted between residents;
- Federal Law No. 248-FZ extended the list of cases where residents are allowed not to credit foreign or Russian currency into their bank accounts with authorised Russian banks.
On July 31, 2018, the Federal Service for Supervision of Communications, Information Technologies and Mass Communications (Roskomnadzor) hosted the Open Doors Day, timed to coincide with the anniversary of the adoption of Federal Law No. 152-FZ "On Personal Data", during which representatives of Roskomnadzor spoke, in particular , about the position of the agency in relation to the General Data Protection Regulation (GDPR), the most frequent complaints of Russian citizens in connection with the actions or omissions of operators who violate the requirements of the laws on personal data processing, typical breaches of the personal data legilslation and presented recommendations how to avoid such breaches.
The Government of the Russian Federation by its Resolution No. 633, dated 31 May 2018 introduced changes to the Rules for the State Registration of Medical Devices approved by Resolution of the Government No. 1416, dated 27 December 2012.
The changes are aimed at reducing the timing of state registration of certain types of medical devices, bringing the requirements for documents confirming the quality of a medicine and pharmaceutical substance contained in the medical device, as well as the procedure for making changes to the registration certificate and registration dossier for a medical device in line with the requirements of the Eurasian Economic Union.
On 17 July 2018, the Board of the Eurasian Economic Commission (EEС) adopted the following acts aimed at regulation of the general market of medicines in the Eurasian Economic Union (EAEU):
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