Analytics Legal analytics Government Relations (GR)

SPIC 1.0. Investors are given back the proven mechanism and the right to extend contracts due to the sanctions

On 14 March 2022, a law came into force reviving the SPIC 1.0 mechanism for new investment projects, and allowing extending the terms of contracts already concluded due to foreign sanctions. The amendments were developed by the Government as part of a package of anti-crisis measures.

As part of the development of this law, the Government has also clarified the rules for concluding SPIC 1.0. The updated rules came into effect on 1 April 2022.

SPIC 2.0: Making the First Move

The Ministry of Industry and Trade of Russia declared that from May 25 to June 5, 2020 investors may apply for including their technologies into the list of high technologies. This list is the most important element required for the new special investment contract (SPIC) model to function.

SPIC 2.0: Mechanism for development of innovations and introduction of modern technologies

On 2 August 2019, the President of the Russian Federation signed a legislative package concerning significant reforms for the mechanism of special investment contracts. Amendments refer to legal regulation in industrial policy and affect tax and fiscal legislation.

In this review, VEGAS LEX experts have analyzed changes, goals and prospects of the updated SPIC mechanism.

PPP Law: what's in a name?

July 1, 2015 the State Duma adopted a   the Federal Law "On public-private partnership, municipal-private partnership in the Russian Federation and the Introduction of Amendments to Certain Legislative Acts of the Russian Federation" regulates the relations connected with the preparation, conclusion and implementation of agreements on public-private and municipal-private partnership, establishes the authority of public law entities, public authorities and local governments in the fields of PPP and MPP, and also provides for changes in the legislation of the Russian Federation in terms of integration into a PPP agreement and MPP. (This legal update is available only in Russian)

“Anti-crisis” government regulations on state procurement

At the end of last year, the Federal Law dated 05.04.2013 No. 44-FZ “On the contract system in the procurement of goods, works, and services for state and municipal needs” a number of changes were introduced aimed at protecting the interests of suppliers in times of crisis. (This legal update is available only in Russian)

Law on public procurement is adapted to changing market conditions

The terms and conditions of contracts, the performance of which should be completed in 2015, may be revised by mutual agreement (Federal Law dated 31.12.2014 No. 498-FZ). (This legal update is available only in Russian)

Key changes adopted to the law on concession agreements

The law on concession agreements has undergone a number of significant changes. Currently, there are two main trends in the development of concession legislation: increased sectoral specialization and the synchronization of concession legislation with other branches. (This legal update is available only in Russian)

Carefully, retraining in progress!

VEGAS LEX LEGAL TWEET. Issue No. 4. (This legal update is available only in Russian)

Concession tender: no room for error

In the third issue we considered cases that are urgent and very common today, in which the subject of controversy are the competitive criteria. What positions have already been developed in law enforcement practice and what should be taken into account in the preparation of tender documentation? (This legal update is available only in Russian)

Concession law: there is no limit to perfection

We present to your attention, a new informational and analytical product –VEGAS LEX LEGAL TWEET (brief news reports on the “hottest” Legal and Business Affairs). (This legal update is available only in Russian)