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The Moscow Times

The Moscow Times

Legal Highlights: EAEU unified medicine and medical device market and parallel imports. Vladislav Vdovin and Galina Avdeeva for The Moscow Times
15 June 2017  |  Vladislav Vdovin, Head of Group Healthcare & Pharmaceuticals / Commercial Practice, Galina Avdeeva, Associate

Legal Highlights: EAEU unified medicine and medical device market and parallel imports. Vladislav Vdovin and Galina Avdeeva for The Moscow Times >

Legal Highlights: Digital medicine. First steps to regulating telemedicine in Russia. Alexander Muravin for The Moscow Times
16 February 2017  |  Alexander Muravin, Senior Associate

The last few years have seen a boom in remote diagnostics and healthcare solutions. Major manufacturers of both dedicated medical equipment and consumer electronics are flooding the market with more and more sophisticated gadgets for patients to monitor all their vitals in real time, transmit this information to doctors and receive the prompt advice they need. >

Legal Highlights: Deoffshorization in action. Andrey Goltsblat and Alla Zverkova for The Moscow Times
22 December 2016  |  Andrey Goltsblat, Managing Partner of Goltsblat BLP, Senior Partner Corporate, M&A and Investment Projects, Alla Zverkova, Senior Associate

CFC (controlled foreign companies) rules came into force in Russia on January 1, 2015. However, the first tax declarations (personal income tax and corporate profits tax) that will include the profits of CFCs will be filed by Russian tax residents (“controlling persons”) only in 2017.
Of course, back in 2015 the owners of foreign companies and settlors of foreign unincorporated structures were required to file notifications of participation in foreign companies (establishment of foreign unincorporated structures). However, in view of insignificant amount of fine (50,000 rubles) for large businesses, many owners of offshore companies and structures ignored this requirement in order to buy time to determine the fates of their foreign assets. >

Legal Highlights: Localization in Russia – new opportunities. Alexey Gorlatov and Vladimir Tchikine for The Moscow Times
17 November 2016  |  Vladimir Tchikine, Partner, Customs and International Trade, Alexey Gorlatov, Associate Director, Head of Commercial Practice / Projects

It is no a secret at all, crisis and sanctions made a certain impact on the Russian economy, however, that does not necessarily mean an adverse impact. >

Legal Highlights: Localization in Russia – new opportunities. Alexey Gorlatov and Vladimir Tchikine for The Moscow Times
17 November 2016  |  Vladimir Tchikine, Partner, Customs and International Trade, Alexey Gorlatov, Associate Director, Head of Commercial Practice / Projects

Legal Highlights: Localization in Russia – new opportunities. Alexey Gorlatov and Vladimir Tchikine for The Moscow Times >

The Russian commercial real estate market: recent legislative changes worth taking a look at.
8 September 2016  |  Svetlana Savina , Head of Group, Dmitry Maltsev, Head of Group

Way back in 2015, considerable changes in civil and land legislation promised to have an extensive impact on the real estate market by simplifying transactions and making it possible to govern them by Russian law (instead of English law, often chosen for its flexibility and mechanisms unknown to its Russian counterpart), as well as improving the transparency of public land acquisitions for construction purposes. Another wave of legislative amendments in June 2016 further improved legal procedures and made the real estate market more transparent and streamlined for both new development projects and transactions with completed properties and investments.
In this article, we assess the first practical results of the 2015 legislative modifications and outline the effect the latest legislative changes might have on the market. >

Electric Power Sector Modernization During the Crisis – Possible Solutions.
6 May 2016

The crisis and sanctions are naturally impacting the market of power equipment supply: Foreign suppliers face reduced demand for their output and services from Russian power-sector companies, because of inter alia the substantial exchange rate drop and relative instability. The restrictions resulting from or in connection with the sanctions also have an effect on supply activity.
To read the full text of the article, please follow the link >

How the Ban on Borrowed Manpower Will Affect Businesses
24 December 2015  |  Nadezhda Ilyushina , Head of Employment Pensions & Benefits

How the BAN on BORROWED MANPOWER will AFFECT BUSINESSES 

Article by Nadezhda Ilyushina 
>

PRACTICAL ASPECTS of JV in RUSSIA: Conflicts between Venturers, Behavior Patterns and Typical Mistakes.
18 December 2015  |  Anton Sitnikov, Partner, Head of Corporate / M&A , Anton Panchenkov , Partner, Corporate / M&A, Head of Moscow Israeli Desk

PRACTICAL ASPECTS of JV in RUSSIA: Conflicts between Venturers, Behavior Patterns and Typical Mistakes.

Article by Anton Sitnikov and Anton Panchenkov
>

Russian Corporate Law: Full Speed Ahead!
11 November 2015  |  Matvey Kaploukhiy , Partner, Corporate / M&A

Why have Russian law shareholder agreements gained momentum recently? Some companies (primarily state-linked ones) had followed this route long before the Civil Code was reformed and the first amendments concerning shareholder agreements were introduced into specialised laws. >

Russia Hides Data on State Property in Foreign Countries
10 November 2015  |  Vitaly Mozharowski, Partner, Real Estate and Construction

Details of property owned by the Russian government overseas have been made secret due to national security concerns and the “unfriendly” policies of certain foreign countries, the RBC news agency reported Monday. >

Distressed Property: Grab It While the Crisis Lasts?
4 August 2015  |  Rustam Aliev, Partner

When a recession hits, distressed assets become a popular topic, their purchase often being seen as a good investment in times of crisis. Yet the matter is not so simple, especially when it comes to so-called distressed assets on the commercial real estate market. >

Go Local, Phase Out Imports: New Business Opportunities Against the Backdrop of Sanctions
15 July 2015  |  Vladimir Tchikine, Partner, Customs and International Trade, Vladislav Safonov , Senior associate

The weakening of the Russian economy under the impact of the sanctions imposed by the West and against the backdrop of falling global energy prices is having an adverse effect on foreign trade, which has contracted significantly over the last year. In the current situation, the Russian authorities’ intent to support development of domestic manufacturing is both predictable and consistent.
An important step in this direction is Federal Law No. 488-FZ dated 31 December 2014 “On Industrial Policy in Russia,” which came into force on 30 June 2015. >

All Change for Land Law 2015!
10 March 2015  |  Vitaly Mozharowski, Partner, Real Estate and Construction , Maksim Popov, Associate Director, Real estate & construction

Business risks and opportunities
Now that the economy is in trouble, developers leasing land from the state have to navigate the tough times and yet face even more challenges, such as the recent legislative developments that came in on 1 March 2015, together with Federal Law No. 171-FZ of 23 June 2014 "On Amending the Russian Land Code and Certain Russian Legislative Acts." This law includes a number of new provisions on public land acquisition, with the state tightening the screws by exercising increased control over public land plot lessees. >

Russia Mulls Lifting European Food Import Ban for Greece
5 March 2015  |  Vladimir Tchikine, Partner, Customs and International Trade

Officials in Moscow are considering exempting Greek fruits from a Russian food import ban imposed on European Union countries last year in retaliation against Western sanctions in an apparent attempt by the Kremlin to bolster ties with Athens and influence policymaking in Brussels.
Greece's fruit industry was hard hit by the ban on imports imposed by Russia in August, and the country has requested an exception for its peaches, strawberries and oranges. >

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