Legal briefings from the world's leading law firms

This briefing provides detailed analysis on the case law of the Russian Supreme State Commercial Court in relation to applying insolvency legislation duing the first quarter of 2012. For each ruling, Pepeliaev Group provide full background details and outline the key 'take-home' points.

On 30 December 2011, the Russian Finance Ministry issued a letter outlining the authorities' view on the 'beneficial owner' concept and taxation of Eurobonds interest. In this briefing, Pepeliaev Group's Ivan Zelenin outlines how the beneficial owner concept exerts a great influence.

The Russian Supreme Arbitration Court recently heard the 'Aelita Software Corporation' case, in which the corporation sought to recover RUB 2.89 million in legal costs from the tax authorities. This briefing outlines why the Court's decision improves several key aspects of the Russian legal system.

Foreign nationals employed in Russia should be treated in the same manner as Russian employees: they must not only adhere to the Russian employment law requirements, but also enjoy the same legal protection and guarantees as their Russian colleagues. This briefing outlines the key principles.

In December 2011, adjustments were made to the Russian Federal Law on customs tariffs as well as the Russian Code of Administrative Offences. This briefing outlines the effect of the changes and the significant consequences for businesses involved with cross-border trade with Russia.

There are obvious advantages for owners of commercial real estate in Russia to engage management companies. However, in this briefing, Pepeliaev Group detail the liability issues and potential risks between an owner of a building and a management company as well as how to reduce these risks.

In January 2012, Russia's Supreme Arbitration Court published a ruling prohibiting taxpayers with foreign capital from deducting interest they pay on loans 'with a foreign element'. In this briefing, Pepeliaev Group outline how this ruling may actually reduce foreign investments.

The Supreme Arbitration Court of Russia is set to decide on the Leroy Merlin case, who claimed a tax authority decision about charging VAT on trade bonuses. Pepeliaev Group outline the background to the case and why the Court's decision may cause additional tax charging for retailers.

In order to ensure an arbitral award is enforced in Russia, a number of key points need to be taken into account. This briefing from Pepeliaev Group provides a detailed discussion on notifying the defendant; compliance with arbitration procedure; public policy; and content of arbitral award.

In January 2012, the Federal Law 'On Organised Trades' came into force, governing the relationships that arise when trades are organised on commodities and financial markets. This briefing details the new requirements on those organising such trades and the effects on members and management bodies.