M&A deal

The term “mergers and acquisitions” (M&A) in international course of business usually means transactions that result in the transfer of property, possession, or rights of control in relation to business from one person to another on the basis of contract. It should be noted that the term “mergers and acquisitions”…

Sep, 24 2020
It is planned to change procedure of accreditation of foreign companies’ branches and representative offices in Russia

A draft law providing for amendments of federal legislation regulating foreign investments in terms of accreditation procedure for branches and representative offices of foreign legal entities is introduced to the Russian Parliament. Therefore, which amendments does draft law provide for? accreditation procedure will be shortened by 10 days. Thus, the…

Sep, 23 2020
Permanent residence permit in the Russian Federation

Foreign citizens who want to stay in Russia for long period of time should obtain some necessary documents. In some cases, they can apply for permanent residence permit straight away which allows to stay in the country unlimited period of time, work and do business there. However, most migrants can…

Sep, 16 2020
Registration of foreign citizens in Russia

Migration registration: what does this term mean Migration registration of foreign citizens and stateless persons in the Russian Federation is state activity for recording and summarizing information about foreign citizens and their movements, carried out for the purpose of developing and implementing state migration policy, as well as for conducting…

Sep, 16 2020
How to apply for temporary registration in Russia

Temporary registration is registration at place of residence, that is, where a citizen resides temporarily. Such a place can be a house, an apartment or a room, a hotel, a sanatorium, a hospital. Who needs temporary registration and why Temporary registration for Russian citizens is required if you leave the…

Sep, 16 2020
Notaries will be bound to submit applications for legal entities’ registration to Federal Tax Service

Authorities on submitting to Federal tax service an application for setting up a company or registering a natural person as sole proprietor may be delegated to notaries. It is proposed to impose on the notary duty not only to certify the authenticity of signature on the application for state registration…

Sep, 16 2020
Mergers and acquisitions

Many legal entities appear or cease to exist on the business market annually. However, it is rather usual issue when this or that company wishes to expand its scope of operation and in this regard decides to “connect” with another company, pursuing various goals. That is why the role of…

Sep, 15 2020
Mergers and acquisitions anti-crisis management

Currently, businesses in all countries of the world are struggling to overcome local and global economic crises and challenges. One of the effective tools оn this way could become mergers and acquisitions to consolidate resources and efforts, and anti-crisis management. Today, risk managers are confronted with:  Dealing with the unknown, new…

Sep, 15 2020
Accreditation of IT-companies is planned to be simplified and speeded up

In accordance with the draft Resolution of the Government of the Russian Federation, process of accreditation of companies from IT sphere will be significantly facilitated due to simplification of some mandatory procedures. The following changes are proposed: to introduce possibility of applying for accreditation through the Public services portal. At…

Sep, 09 2020
Permanent residence permit in Russia without getting temporary residence permit

Permanent residence permit is unlimited document which entitles foreign citizen to live and work in Russia. An adult or a child who has obtained PRP does not become Russian citizen, but he/she can study, work, do business, move from region to region without any restrictions. Moreover, obtaining PRP is a…

Sep, 08 2020
Is it allowed to travel abroad or to another region of the Russian Federation with TRP

Temporary residence permit allows foreign citizen to live and work in Russia up to three years. The main advantage of TRP is right to stay in country on legal grounds, work officially and do business. However, there are some restrictions: document is valid only limited period of time, moreover it…

Sep, 08 2020
Obtaining temporary residence permit by marriage with the citizen of the Russian Federation

Temporary residence permit or TRP is a document which officially entitles foreigner to live and work in Russia within specified period of time. Obtaining of TRP can be a step on the way to obtaining permanent residence permit or citizenship. However, for many foreigners, this document is the best way…

Sep, 08 2020
A draft law that provides new grounds for reviewing court decisions has been developed

Russian Ministry of Justice has prepared amendments to procedural legislation in part of changing mechanism for reviewing court decisions. New circumstances which will serve as a ground for reviewing judicial authority’s decision that has entered into force will include: recognition of legal act or its separate provision as inconsistent with…

Sep, 02 2020
Additional guarantees have been introduced for employees who are dismissed due to company’s liquidation

From August 13, 2020 company’s liquidation procedure is changed in order to guarantee rights of employees of legal entity being liquidated. Amendments in the field of employment and civil legislation (in the part of company’s liquidation) will allow to guarantee rights of employees who are dismissed due to company’s liquidation….

Aug, 26 2020
The Government is planning to improve corporate procedures

What amendments does road map propose? Bankruptcy procedure It is planned to introduce bankruptcy rehabilitation procedure, to create marketplace aimed at disclosure of bankruptcy estate data and selling of debtors’ assets, to shorten the terms and change the procedure of conducting an auction. Corporate procedure It is proposed to change…

Aug, 18 2020
How much does a residence permit cost in Russia

A residence permit confirms the right of a foreigner to permanently live in the country, work or do business. This document gives almost the same amount of rights as Russian citizens have and imposes very few restrictions. In addition, a residence permit is a prerequisite for obtaining Russian citizenship. How…

Aug, 13 2020