Blog
The parties to the agreement may be exclusively subjects of international law. A foreign organization must have the rights and legal obligations to enter into this type of contract. Powers include negotiating, accepting a text, expressing consent, and executing other acts.
The liquidation of a legal entity with debt without bankruptcy is a complex multi-stage procedure that should be carried out by qualified lawyers. It requires careful compliance with law. The grounds for liquidation, as well as procedure for the enterprise and its debtors are described in a number of laws, including federal law “On Insolvency (Bankruptcy)”.
Due diligence and compliance are the procedures which are necessary for conducting any business activity. Both concepts are interrelated as they have a goal of avoiding as much as possible any legal and financial risks for the owner of organization or investor.
Every firm from abroad that is going to start commerce in Russia is obliged to register its local office here. According to current legislation, foreign firm in Russia can register a branch, a representative office, or LTD. After it is registered, a foreign business can legally sell their goods or services here, as well as trade without intermediaries. Each of the above structures has its pros, cons, and limitations. Therefore, depending on the goals set, one of these forms may be preferable.
The cost of opening a company in Russia can vary significantly depending on various factors, such as the organizational and legal form, the choice of the region, the services of legal consultants, and so on. In this article, we will take a detailed look at what the cost of opening an LLC depends on.
The sale of shares in an LLC to foreigners or companies requires careful preparation. Any transaction related to the sale of a company or its parts involves a waste of time, careful preparation of documents and study of pricing and the market. In this article, we will take a detailed look at how to make a deal to sell assets to foreigners.
Any company from abroad which is going to sell its goods and services in Russia must have here its office of some type. There are three structures that are most often chosen by foreigners: a branch, a representative office, or a limited liability company. Each of them has its own characteristics, advantages, and limitations, so in certain situations, each of them may be the better choice.
A legal entity can be liquidated voluntarily and forcibly, as well as if it is declared insolvent. In case of voluntary liquidation, the reason for such a decision can be expiration of the deadline or fulfillment of its company’s objectives. When a legal entity is forcibly terminated (for example, based on a court decision), mistakes are often made. In such cases, the owners have a question: is it possible to appeal the decision on the liquidation of a legal entity.
Wildberries isn’t just Russia’s largest online marketplace — it’s a cultural force reshaping consumer behavior across 11 time zones. With 4.5 million daily orders and a user base of 48 million monthly shoppers, this platform offers foreign sellers a direct pipeline to a market hungry for global brands.
According to Russian legislation, both foreign legal entities and individuals can create limited liability companies on the territory of the Russian Federation. At the same time, an LLC may be established by a foreign citizen independently or jointly with citizens of the Russian Federation.
The growth of international trade, investment activity, and cross-border projects is clearly increasing the number of commercial disputes between companies from different jurisdictions. In this context, alternative conflict resolution mechanisms to state courts, primarily international commercial arbitration, play a particularly important role. A key element of such a system is…
The Russian legal system is preparing a comprehensive overhaul of its out-of-court business dispute resolution mechanisms. The proposed changes are aimed at reducing the burden on state courts, expediting conflict resolution, and creating a more flexible and cost-effective infrastructure for protecting the rights of business participants. The reform’s focus is…
International commercial arbitration stands as one of the most pivotal and sought-after mechanisms for resolving cross-border commercial disputes. It embodies a blend of flexibility, confidentiality, and predictability—qualities that are particularly crucial amid an unstable international landscape and complex business operations.
Commercial courts are a cornerstone of resolving economic disputes and conflicts among entrepreneurs in Russia. Through this system, businesses are able to safeguard their interests, restore violated rights, recover debts, and challenge unlawful actions by public authorities or business partners – all within the framework of the Russian Commercial Court…
The development of digital financial instruments is gradually transforming traditional corporate models. One of the most notable trends is the use of digital financial assets for the issuance and accounting of shares in private joint-stock companies. This model involves the creation and circulation of share capital exclusively in a digital…
