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3
February
2016

Dragon will not bite twice

Russia and China have paved the way for more intensive mutual investments. From now on, Chinese loans will become cheaper for our companies, while at the same time the outflow of capital to Asia through China will become more difficult for our businesses.

Rossiyskaya gazeta (Russian Newspaper)
28
January
2016

FAS was not included in the Regulation

The agency required Centre-Invest to resume receiving additional fees for deposits

Maxim Grigoryev, Partner, Head of Southern directorate, Head of special projects
Kommersant (Rostov)
20
January
2016

The harbor is closed

De-offshorization has overtaken one of the major tax havens of the Caribbean – the British Virgin Islands (BVI). Amendments to corporate legislation have come into force in the RF, and these will force business of Russian origin to “run away” from the BVI.

Rossiyskaya gazeta (Russian Newspaper)
13
January
2016

The year 2015: “binding” amendments, the Law on PPP, capital amnesty, and more

The traditional December poll by the EZH-Jurist newspaper of law practice professionals, on to how they viewed the events of the outgoing year, became a demonstration of pluralism rather than unanimity. The experts named a number of important events that occurred in 2015, but these all concerned different legal areas and, unlike as occurred in the year 2012, it proved impossible to define a common favorite. Just as well – the readers of the EZH-Jurist had the opportunity to review all of those, so very different, results.

Business and Life
28
December
2015

Regulating the self-regulated

Just before the New Year, the State Duma and the Federation Council presented a gift to the bankruptcy industry – toughening of requirements for liquidators and making bankruptcy proceedings potentially more expensive. Business associations’ experts note that these amendments correspond to the trend to an increasing role being played by the state in the self-regulating sector.

Kommersant. Money
23
December
2015

A Bankrupt Man – A New Year’s Surprise

Many families in Russia have taken on mortgages. One family found itself on the verge of bankruptcy due to a mortgage denominated in a foreign currency. Against the background of this trend, increasingly important is becoming the question of – how do I remain “afloat”, if bankruptcy law shows no mercy to individuals and poorly tolerates uncertainty, while, at first glance, a favourable proposal can tie your hands for a long time.

Kommersant. Money
17
December
2015

Vodokanal is seeking bankruptcy for Yuri Pogiba

Vodokanal Rostov-on-Don JSC is seeking to recognize as bankrupt, individual entrepreneur Yuri Pogiba. The debt was created as charges for connecting two residential buildings in the Leninsky District of Rostov.

Gorod N
10
December
2015

Arbitration court in the conflict zone

In late November, the State Duma Committee on Civil, Criminal, Arbitration and Procedural Legislation recommended the adoption, in the second reading, of a package of draft laws on the reform of the arbitration court. The main purpose of the documents under review – is to create common requirements in the field of arbitration and eliminate gaps in the legal regulation of procedural issues. Experts point to the ideological conflict that may interfere with the success of this case.
Kommersant (St. Petersburg)
29
January
2016

Silent “MAX”

How a reputable insurer lost its voice in a loud health project

Vademecum
22
January
2016

The Law on PPP does not address the fundamental problem – long-term guarantees of return on investment

It is assumed that Federal Law No. 224, which entered into force on 01 January 2016, will create opportunities for the development of the institution of public-private partnerships in Russia. However, despite the fact that the list of objects, for which agreements on public-private partnerships or municipal-private partnerships could be concluded, includes health care facilities, the law does not define either the specifics of the healthcare objects, nor the practice of interaction between government and business, which has already been tried and tested at the regional level.

Medicinskiy vestnik (Medical bulletin)
18
January
2016

No power

In 2016, during confirmation of pharmaceutical drug (LP) registration in Russia, foreign manufacturers may provide GMP certificates of conformity that were issued abroad. The act, which made the appropriate changes in Law 61-FZ, was signed by the Russian President at the end of 2015. The response to allegations made by lobbyists at the legislative level, was reflected in the postponement of inspections, recall foreign manufacturers: 01 January 2017 was set as the date of entry into force of Federal Law No. 429-FZ, the latest amendments to Law 61-FZ – recognizing the fact that Russian regulators were not ready to carry out inspections of foreign sites in 2016.

Pharmaceutical Bulletin
11
January
2016

Why arbitration courts do not compete with the state

In Russia, people are wary of arbitration courts, which are often used as a tool for breaking the law. The forthcoming reform of this institution, as the parliamentarians promise, should get rid of such “dumpster courts”. But will this help these institutions compete with bona fide state arbitration courts? Experts from Pravo.ru talk about the problems that this reform, in their opinion, will not solve.

Pravo.ru
24
December
2015

Transaero falls into experienced hands

Last week the first stage of the bankruptcy procedure was launched against Transaero Airlines. The Arbitration Court of St. Petersburg granted a bank’s request to place Transaero under external monitoring, and appointed Mikhail Kotov as its interim manager. Mikhail, who has participated in over 30 bankruptcy cases, is a prominent court-appointed receiver.

Gazeta.ru
23
December
2015

The “odd man out” resolution is working against Russian producers


The application of government decree number 1289 (“odd man out”) has caused serious problems for participants in the public procurement process. State customers require bidders, offering to supply Russian drugs, to have a certificate of origin of the product, but to date, the procedure for issuing such certificates has not been approved.
Pharmaceutical Bulletin
16
December
2015

World coming to the aid of VCS

Volgograd Region Arbitration Court began its consideration of a claim filed by more than 50 creditors of the Municipal Unitary Enterprise Volgograd Communal Services (MUE VCS).
Volgograd Pravda.Ru
9
December
2015

Mikheev is no longer a competitor of Abramovich

The Arbitration Court declared Russian State Duma Parliamentarian Oleg Mikheev and his wife Tatiana bankrupt. In our region, this is the first time that an individual has been declared bankrupt. It is hard to believe that, seven years ago, Oleg Mikheev was listed among the Top-20 richest real estate magnates, and shares of his Diamant GC were selling higher than those of Millhouse Capital run by Roman Abramovich.

Volgograd Pravda.Ru
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