Taxes: The End of The Don’t Ask, Don’t Tell Policy
More entities will check up on you
Grease for the wheels of justice
Nailing bribery becomes business. Hopefully, Russia will benefit.
Public-Private Partnerships: Will They Work for Russia?
The end of law
The abuse of rights doctrine is well-established in Russian law
The British Dilemma
The UK Bribery Act will work, but not here and not now.
Can one transform the system by changing the law, but keeping those who execute it in their places?
Do small businesses need limited liability?
When a Russian company pays abroad to a service company, it acts as a tax agent for the Treasury: it must withhold VAT and pay it on the foreign company’s behalf.
Vladimir Putin has promised to create an open database of all court decisions and to introduce the practice of Internet broadcasting of court proceedings
The only significant outcome of this battle will be the label of a homophobic city sticking to St. Petersburg for a long time.
Russia will not introduce a luxury tax, at least in a traditional way. Instead, those running expensive cars will have to pay more.
Read In A Word Here ...
Sovereignty, Russian Law and Self-Identification of Business
Recently, the question of why some Russian businessmen prefer resolving disputes abroad and why Russian law is not popular went beyond the narrow corridors of the legal community and began attracting the attention of the higher authorities.
State Registration of Agreements on the Lease of Real Estate
On 4 March 2013 the Russian President signed Federal Law No. 21-FZ which reinstates mandatory state registration of agreements on the lease of real estate (the “Law”).
On 28 December 2012 the Central Bank issued Regulation No. 395-P “On the Method of Calculation of the Amount and Assessment of Adequacy of the Net Worth (Capital) of Lending Organizations (Basel III).”
On 29 December 2012 the President signed Federal Law No. 282-FZ amending certain legislative acts of the Russian Federation.
On remote work
On 16 October 2012 the State Duma of the Russian Federation adopted in the first reading Draft Law No. 88331-6 amending the Russian Labour Code in relation to employees who work outside the employer’s premises (remote work).
On 11 September 2012 the Russian President issued Decree No. 1285 “On Protection Measures for the Interests of the Russian Federation When Russian Legal Entities Perform Their Foreign Economic Activities”.
Independence of Bank Guarantee in Russian Law
While the Russian legal community has been discussing anticipated changes to the Civil Code, the Supreme Commercial Court has resolved one of the most problematic issues on the bank guarantee regulation
Russian Constitutional Court on Russia’s WTO Commitments with Regard to Trade in Legal Services
On 9 July 2012 the Constitutional Court heard a petition of deputies of the State Duma (the lower chamber of the Federal Parliament) to assess the constitutionality of the Protocol of Accession to the WTO.
Baker & McKenzie Advises DeltaCredit on a Pioneering Covered Bond Transaction
Baker & McKenzie has advised DeltaCredit Bank (the “Issuer”) on its RUB5 billion domestic mortgage covered bond transaction. This is the first ever covered bond transaction out of Russia receiving a rating above the credit rating of the issuer (guarantor).
Baker & McKenzie Advises Eurasian Development Bank on USD500 Million Eurobond Offering
Baker & McKenzie successfully advised the Eurasian Development Bank on its offering of 4.767% Eurobonds due in 2022 in a principal amount of USD500 million under its USD3.5 billion euro medium term notes program.