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By Sergei Gorbylev, Lawyer, Law Firm “Yukov, Khrenov & Partners”- Yukov, Khrenov & Partners
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
Requirements have been approved for healthcare organisations which conduct clinical trials of medicaFor the attention of: heads of healthcare organisations which conduct clinical trials of medical products as well as R&D and registration units of producers/distributors of medical products.
On March 4-6, the VEGAS LEX law firm has organized a pre-roadshow for its client, High Speed Rail Lines, supported by the InfraONE First Infrastructure Company, to promote the Moscow-Kazan High Speed Railway project. Moscow-Kazan HSR is part of a larger high-speed service project to connect Moscow with the Urals city of Yekaterinburg.
On March 18, 2014, the annual conference Elimination of Administrative Hurdles, Optimization of State Control & Anti-Corruption took place as part of the Russian Business Week 2014, supported by the VEGAS LEX law firm.
The VEGAS LEX law firm participated in MIPIM 2014, the world's largest real estate exhibition and conference taking place on March 11-14 in Cannes, France.
On March 18, 2014, the VEGAS LEX law firm and the Council of Power Producers non-profit partnership held a conference Heat Supply Reform in Light of Investors' and Government's Strategic Interests, as part of Russian Business Week 2014.
The VEGAS LEX law firm supported the conference Environmental and Industrial Security: Business and Government as Risk Mitigators, held on March 17 as part of the Russian Business Week, an annual event run by the Russian Union of Industrialists and Entrepreneurs. The conference usually brings together major Russian industrialists and public officials.
The Presidium of the Russian Supreme Commercial Court (hereinafter - SCC) published the Informational letter dated 25 February 2014 г. No.165 on Review of case law on recognizing contracts non-concluded. The SCC confirmed several previously established legal positions of the Presidium and recommended some common approaches for deciding the respective court cases, such as the parties' will and intentions priority over the form of their relations, focus on saving of existing relationship of the parties and paternalism of the judges.
Elena Sokolovskaya, Head of Antimonopoly Regulation; Sergey Spasennov, Partner, Head of St. Petersburg office; Egor Lysenko, Head of Krasnoyarsk office, Pepeliaev Group The State Duma is preparing to consider in the second reading a draft law that will significantly amend Federal Law No. 57-FZ ‘On the procedure for making foreign investments in business entities of strategic importance to ensure national defence and state security'. The draft law was passed in the first reading in May 2013 and is scheduled to be considered further in April 2014. The goal of new amendments is to simplify even more the control mechanism, eliminate extra administrative barriers for foreign investors and to create favourabe investment climate. For the second reading of the draft law, the Russian Federal Antimonopoly Service (the ‘FAS') prepared a number of amendments that have not been approved yet by the Russian Government (these amendments are posted on the FAS's official web site ). Below are the main provisions of the draft law and amendments to it.
Andrey Tereschenko, Partner (Tax); Alexey Konevsky, Partner (Real Estate and Construction); Egor Lysenko, Head of Siberian office in Krasnoyarsk; Sergey Spasennov, Partner and Head of Saint Petersburg office Preparations have started for staging the World Winter Universiade 2019 in Krasnoyarsk. There are several issues that companies face when major international sport events are staged in Russia. On 14 January 2014, the Russian President signed Decree No. 16 ‘On preparing for the XXIX World Winter Universiade 2019 to be staged in Krasnoyarsk' (‘Universiade 2019'). This decree is a framework document addressed, first of all, to the Russian Government, which is charged with carrying out a set of organisational actions to prepare for Universiade 2019, as well as to executive authorities of constituent entities of the Russian Federation, which are recommended to participate in carrying them out. In particular, the Russian Government needs to: establish an organising committee; develop and carry out, in cooperation with the government of the Krasnoyarsk Region, measures aimed at preparing and staging Universiade 2019; determine the list of capital construction facilities belonging to the Russian state, which are required to prepare and stage Universiade 2019 with financial support from the federal budget; assist with covering in the state mass media how Universiade 2019 is being prepared and staged.
Alexey Konevsky, Partner, Pepeliaev Group The Russian government has set for itself improvement of the investment and business climate in the country as its primary goal. A fairly wide range of measures and efforts are being taken with this in mind, not least in cooperating with investors and the business community. Regrettably, they are not always consistent when they put this into action. One example is the draft bill on transactions with real estate (the "Bill"), which Russia's Ministry of Economic Development published in November 2013 . The Bill restricts real estate transactions by foreign individuals and legal entities as well as stateless persons. Russian legal entities will face similar restrictions if they are more than 50% foreign owned. The Bill envisages that there will be a permission procedure for such persons to be able to enter into transactions with immovable property in Russia. They will have to obtain permission from a specially authorized government body if they wish to pursue a transaction aimed at gaining ownership title to or the right to use immovable property.