Cryptocurrency can be included in the Civil Code

The Russian authorities may grant businesses the right to conduct international operations with cryptocurrency in 2023. The main information about the innovations is still unknown, for example, it is not clear whether the concept of cryptocurrency will be included in Civil legislation. This definition would be able to distinguish cryptocurrency…

Sep, 21 2022
Sales to foreign clients in 2022

Valen Managing Partner will host a webinar at 18.30 оn October 4. The topic of the webinar: Sales to foreign clients in 2022 During the webinar we will discuss: – What has changed in such sales – everything? Or is it still not? – Have foreign clients and the foreigners…

Sep, 19 2022
Subsidies for companies in 2022.

The government offers a list of measures to support both existing and long-established businesses. Assistance from the state is as follows: Support for travel companies in 2022. The government allocates funds to travel companies, which can be spent on the development (development) of tourist routes, the construction of eco-hotels and…

Sep, 14 2022
Legislative novelties of September 2022

Advertising on the Internet Amendments have been made to the law on advertising. From the first of September, the user is obliged to notify Roskomnadzor about the placement of advertising on the Internet. Otherwise, he faces a fine. Consumer protection The law on consumer Protection has been changed, now the…

Sep, 07 2022
Corporate agreement. The rights of its participants. Is it possible to conclude an agreement with a third party?

Contents: The parties to the corporate agreement Content of the corporate agreement Rights of a participant in a corporate agreement How to conclude a corporate contract Registration of a corporate agreement Execution of the corporate agreement A corporate contract is a document signed by the participants of a joint-stock company…

Sep, 01 2022
Bankruptcy risks for business. How not to aggravate the situation in case of formation of a large debt?

Contents: Risks of bankruptcy of LLC Debts as the main risk of bankruptcy Bankruptcy is the inability of a legal entity to fulfill financial obligations. The bankruptcy procedure is initiated if a limited liability company does not pay its obligations for more than 3 months and the total amount of…

Sep, 01 2022
Termination of the share purchase/sale agreement. Review of practice. What could be the consequences?

Contents: Reasons for the termination of the purchase / sale of shares Termination of the share purchase/sale agreement by agreement of the parties Termination of the contract of purchase/sale of shares at the request of the buyer Termination of the contract of purchase/sale of shares at the request of the…

Sep, 01 2022
Contesting the purchase/sale of a share. The procedure and methods of cancellation of the contract. Nuances of the procedure

Contents: Nuances of challenging the share purchase/sale agreement Lawsuit challenging the share purchase/sale agreement Question and answer The share in the authorized capital of the LLC is equal to the value of the founder’s rights to conduct business, which is expressed in a certain proportion of his participation in the…

Sep, 01 2022
Restoration of corporate control. The essence and procedure of the procedure. In which cases is it relevant

Contents: Restoration of corporate control Ways to restore corporate control Supreme Court clarifications on the return of corporate control The requirement to restore corporate control Registration of a company, namely a limited liability company, is not a complicated or labor-intensive procedure today. To do this, it is necessary to have…

Sep, 01 2022
Confirmation of a permanent residence permit in Russia

Contents: Goals and objectives of the notification Notification procedure Advantages of a residence permit For a long time, the validity of a residence permit (residence permit) in Russia was limited to five years. After this period, foreigners were forced to re-submit documents for the extension of a residence permit. Of…

Sep, 01 2022
New partner appointed at Valen

We have great news – Eduard Ioffe, head of Valen’s legal department, has become a partner of the company. On behalf of the entire team, we would like to congratulate  Eduard.

Sep, 01 2022
In Russia, the process of voluntary closure of the company will be simplified

The Government of the Russian Federation has introduced a bill that simplifies the process of closing a business – it will be enough to apply then the company will be liquidated by the tax inspectorate. The purpose of the law is to free the owners of an inactive business from…

Aug, 31 2022
The government has relaxed the requirement for foreign exchange transactions.

On August 22, the Commission of the Government of the Russian Federation for the control of Foreign Investments decided to remove the restriction on the crediting of dividends or the distribution of profits by shares and shares in Russian LLC and JSC, cooperatives to the settlement accounts of foreign banks….

Aug, 24 2022
Possibility to pay for Valen services with a foreign bank card is available again

Now, as before, our clients can pay with their foreign bank card. After confirming scope of work, we will send you a link for payment. You will be charged the amount in the currency of your card at the exchange rate of the US dollar of the card issuing bank….

Aug, 22 2022
The concept of NFT will be legalized.

The concept of NFT may soon appear in the law. Such a measure will protect the rights of holders of non–interchangeable tokens – NFT. An NFT (non-fungible token) is a non-interchangeable or unique digital accounting unit for a unique object. Such a token can be assigned to an image, video,…

Aug, 18 2022
How foreigners implement their business in the Russian Federation.

Business leaves Russia mainly through the conclusion of mergers or acquisitions of companies. Many companies announced in March their desire to reduce investments in the Russian Federation, at the same time, the actual projects implemented are no more than 50 percent of the announced ones. This trend shows that many…

Aug, 10 2022