Analytics Publications

19 January 2018	Failure to pay for housing and public utility services: practice and potential solutions This article outlines possible measures to combat the growth of arrears for energy provided in the housing and utilities sector. To do this, the author analyzes current legislation aimed toward reinforcing financial discipline on the part of energy consumers, practice with how it is applied, and the relevant factors in the growth of accrued arrears. Ilya Shengeliya, Compliance Counsel Energy and Law * * I hereby give my consent for the processing of my personal dataAgreement Send
29 September 2017	Currency clauses: the consequences and risks A currency clause decreases losses incurred by fluctuations in the exchange rate for an unstable currency. However, judicial practice when resolving disputes that involve this mechanism is not marked by uniformity. That is why, if the relationship has been poorly structured, having these conditions in a contract can cause unfavorable consequences for every participant in the transaction. Ilya Shengeliya, Compliance Counsel EZH-Yurist * * I hereby give my consent for the processing of my personal dataAgreement Send
21 April 2016	RF Administrative Offences Code has expanded its sphere of action Specific administrative sanctions provided for by Russian legislation, can now be freely applied to violations committed anywhere in the world. The innovations come into force starting on 20 March 2016 and relate to only one article of the Administrative Offences Code – 19.28, which provides for the liability of legal entities for corruption. Equally dramatic, although only clarifying changes can initiate far-reaching trends and create additional risks for businesses around the world. Ilya Shengeliya, Compliance Counsel EZH-Yurist * * I hereby give my consent for the processing of my personal dataAgreement Send

28 November 2017	Information on beneficial owners: disclose it and do not make any errors In August 2017, the Russian government published the rules on how legal entities need to present information about their beneficial owners to government agencies. The new rules will permit checking how companies identify, update, and store information on the people that control their actions. To ensure that relevant responsibilities are adequately fulfilled, it is necessary to gain a detailed understanding of these new provisions, since in practice they might not be interpreted in a clear-cut manner. Ilya Shengeliya, Compliance Counsel Securities Market * * I hereby give my consent for the processing of my personal dataAgreement Send
18 May 2016	Company losses sometimes can be so great, that an employee will not be able to recoup them with all his property A major risk for any large company is corporate fraud. Ilia Shengelia, senior lawyer at the VEGAS LEX Law Firm, told how a company can protect itself from this risk, and what the prospects are for litigation with an employee. Ilya Shengeliya, Compliance Counsel Trudovye Spory (Labour disputes) * * I hereby give my consent for the processing of my personal dataAgreement Send
24 March 2016	Currency violations: a new procedure for calculating fines On 26 February 2016, a new version of Chapter 5, Article 15.25 of the Administrative Offences Code of the Russian Federation came into effect, which changes the obligations of participants of foreign economic activities for violation of terms of returning to the Russian Federation of advances, not used by foreign contractors. The authors of the law say that these changes are meant to ease the administrative burden, in order to support imports. However, in practice, its implementation can lead to a number of problems. Ilya Shengeliya, Compliance Counsel EZH-Yurist * * I hereby give my consent for the processing of my personal dataAgreement Send

Back to top