Legislative Tracking is a daily newsletter designed to highlight the most significant legislative changes, proposals and events as reported in the Russian press.
On 8 March 2015, the President of the Russian Federation signed Federal Law No. 42-FZ “On amending the first part of the Civil Code of the Russian Federation”, which will come into effect on 1 June 2015 and brings in a number of significant amendments into the Civil Code of the Russian Federation. In this article, we analyse amendments to the provisions regulating mergers and acquisitions. The new law introduces a number of concepts common for foreign law into Russian legislation.
On 31 March 2015, a Resolution of the RF Constitutional Court was published on the question of the possibility of appealing Federal Tax Service explanatory letters, which have not been registered by the government and have not been published according to the established procedure.
The question was discussed for a long period of time and the RF Supreme Arbitration Court changed its approach towards it. In a number of cases, the RF Supreme Arbitration Court has considered essentially similar disputes, not restricting itself to the formal definition of a regulatory act.
On 8 March 2015 the President of the Russian Federation signed Federal Law No. 42-FZ “On amending the first part of the Civil code of the Russian Federation”, which will come into effect on 1 June 2015. The Law amends the Civil сode of the Russian Federation. In this article, we will review the amendments, which introduce two important types of contracts into the Civil Code: the option for the conclusion of contract and the option contract.
On 8 March 2015 the President of the Russian Federation signed Federal Law No. 56-FZ “On amendments to Article 13.2 of the Federal Law “On the legal position of foreign citizens in the Russian Federation” and to Article 6 of the Federal Law “On amending the Federal Law “On the legal position of foreign citizens in the Russian Federation” and certain other legislative acts of the Russian Federation (hereinafter “the Law”). The Law concerns changes to the procedure for determining the amount of salary for highly qualified specialists (hereinafter “HQS”) and changes to the procedure of the issuance and renewal of patents. The provisions of the Law concerning salaries come into force 45 days after its publication, more precisely, on 23 April 2015.
Legislation on corporate governance and activity of joint stock companies is set to undergo significant changes this autumn. Among other things, the changes will affect the implementation of the Corporate Governance Code, the maintenance of the shareholders’ register and the regulations on the corporate contract.
Federal Law No. 99-FZ of 5 May 2014 “On amending Chapter 4, Part I of the RF Civil Code and on recognising certain provisions of Russian legislation as invalid” will come into effect on 1 September 2014.
The Law introduces a series of amendments to corporate law, the most significant of which affect the various forms of incorporation of legal entities, as well as certain issues of corporate governance and liability.
On 24 June 2014 Federal Law No. 164-FZ of 23 June 2014 “On amending Article 13.2 of the Federal Law ‘On the legal position of foreign citizens in the Russian Federation’ and Article 1 of the Federal Law ‘On amending the Federal Law ‘On the legal position of foreign citizens in the Russian Federation’’” came into effect.
The Law extends the category of organisations whose employment of foreign higly-qualified specialists (HQS) is subject to lower salary requirements to those operating in the field of IT.
Federal Law No. 99-FZ of 5 May 2014 “On the introduction of amendments to chapter 4, Part I of the Civil Code of the Russian Federation and on the recognition of certain provisions of legislative acts of the Russian Federation as no longer valid” (the Law) introduces significant amendments to the regulation of business entities in the Russian Federation. The Law comes into effect on 1 September 2014, with the exception of certain provisions for which other timeframes are stipulated for their coming into effect.