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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…
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”…
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…
Every year, many legal entities either appear or cease to exist on the business market. However, it quite often happens that this or that company wishes to expand its scope of activities, and in this regard, decides to “connect” with another company, pursuing various goals. This is why the role of the transactions known as “mergers and acquisitions” has become much more important recently. Below, we shall consider this phenomenon in detail.
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.
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…
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…
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….
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…
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…
А draft law according to which it is proposed to amend rules of conducting mandatory audit of small businesses’ accounting statements is introduced to the Parliament. Amendments concern financial criteria indicating on necessity of conducting mandatory audit in a company. Draft law implies increasing the minimum amount of revenue and…
The experiment on pre-trial appeal of controlling authorities’ decisions will be held in Russia from August 17, 2020 till June 30, 2021. The corresponding Resolution has been signed by Russian prime minister Mikhail Mishustin. According to Resolution entrepreneurs will be entitled to contest relevant decisions of controlling authorities using online…
Citizens of the Russian Federation who return to Russia on export flights will not be obliged to observe self-isolation for 14 days upon arrival in the country. However, it will be necessary to pass coronavirus test within 3 days of arrival and post the result of it on the website…
State Duma of the Russian Federation has adopted during third reading draft law that introduces universal e-visa for all foreign citizens coming to the country. Universal e-visa is valid only one time. Such visa is valid within 60 days starting from the moment when it is issued, however, it should…
On June 19, 2020 the Ministers of Foreign Affairs of Russia and Belarus, Sergey Lavrov and Vladimir Makey, have signed the bilateral Agreement on mutual recognition of visas. It means that the foreigners can freely enter, leave and stay in the territory of Belarus if the have Russian visa and…
