Liability of Russian banks towards clients for the blocking of funds by foreign intermediary banks
The imposition of sanctions by foreign countries against Russian banks has led to the inability of these banks to fulfill their obligations to clients regarding cross-border transfers of funds in foreign currency.
Read more
Review of court practice on bankruptcy in 2022
The approved review by the Presidium of the Supreme Court of the Russian Federation reflects 37 positions on various issues based on the decisions of the Economic Disputes Collegium for the year 2022.
Read more
Published law introduces amendments to the Administrative Offenses Code of the Russian Federation regarding the statute of limitations for bringing administrative liability
The amendments introduced by Federal Law No. 122-FZ of April 14, 2023, will enter into force on April 25, 2023.Read more
Immunization of foreign workers against measles
Legal entities, individual entrepreneurs, and citizens are obliged to comply with the requirements of sanitary legislation, as well as with the provisions and orders of officials exercising federal state sanitary and epidemiological supervision (Article 11 of the Law No. 52-FZ "On the sanitary and epidemiological welfare of the population" of March 30, 1999).
Parallel Import: Exceptions in Trademark Protection, Importers' Obligations, Difficulties, and Risks from Practice
Most enterprises during their activities encounter designations that individualize the goods of legal entities or individual entrepreneurs, known as trademarks.Read more
Changes in requirements to special assessment of working conditions
The draft law to amend the Federal Law "On special assessment of working conditions" has been publishedRead more
Quotas for foreign employees in Russia – Procedure and Deadlines
In order to protect their domestic labor market, many countries – Russia included – set quotas for hiring foreign employees. Companies must therefore obtain an authorization from the state to hire foreign nationals who need a visa to work in Russia.
Read more
Special assessment of working conditions – terms and procedure
Article 212 of the Russian Labor Code requires employers to conduct a special assessment of working conditions. The relations, obligations and rights of employers and employees associated with special assessments of working conditions are regulated by Federal Law N 426-FZ dated December 28, 2013.
Read more
Administrative liability for non-compliance with anti-crisis measures
According to the proposal of the Ministry of Finance, from January 1, 2024, it is planned to start monitoring how companies comply with anti-crisis measures in the financial sector and establish responsibility for violations in this area. It is expected that control will be entrusted to the Federal Tax Service, the Federal Customs Service and the Central Bank, and they will be empowered to request information from the control subjects.
It is planned that the amount of fines will be tied to the amount of the transaction carried out in violation of anti-crisis measures (20-40%), however, for officials, the maximum amount of the fine will be 30,000 rubles.
For transactions (operations) that do not have a monetary value, fines for officials may amount to 40-50 thousand rubles, and for legal entities - from 800 thousand to 1 million rubles.
Overview of legislation changes - March 2023
Overview of the most important legislation changes - March 2023
Read more