The Legal 500

Comments on legal basis and main features. The recent financial crisis has shown many of the weaknesses in the current regulatory framework of the financial market - a lack of or insufficiencies in the legal rules on the one hand and a lack of or insufficiencies in the competency and expertise of financial market supervisors and regulators on the other.

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Legal Update No. 322

Legal Update No. 324   Goltsblat BLP advises that Resolution of the Government of the Russian Federation No. 1137 “On the Formats and Rules for Completing (Maintaining) Documents Used in Value Added Tax Settlements” was adopted on 26 December 2011 (the Resolution).

Legal Update No. 323   Goltsblat BLP advises that, on 17 January 2012, the Presidium of the Russian SAC issued a Ruling under Case No. А40-89211/10-30-762 recovering real damage and lost profit from the Federal Customs Service in favour of an exporter owing to an unlawful order.

Legal Update No. 320 Goltsblat BLP advises of publication of Resolution No. 81 of the Plenum of the Supreme Arbitration Court of the Russian Federation “On Certain Aspects of Applying Article 33 of the Russian Civil Code” dated 22 December 2011 (the “Resolution”) regarding penalty reduction. 

Legal Update No. 325   Goltsblat BLP advises of the publication of Resolution of the Presidium of the Russian Supreme Court No. 8817/11 of 29 November 2011 upholding decisions of three lower courts in relation to a case on early termination of legal protection for the VECHERNIE trade mark with respect to goods under ICGS class 05 "pharmaceuticals" and "dietary substances for medical purposes" because the trade mark has been used during production and sale of biologically active supplements that are not on the registered list of goods.

Legal Update No. 317 Goltsblat BLP advises of publication of Supreme Arbitration Court Resolution No. 3844/11 dated 25 October 2011 on the case of OOO Tulatsement . The Resolution confirms the possibility to recover input VAT on repairs to another person’s property, even if the taxpayer has no right to such property and other people or entities may also use such repair results. 

In January 2012, the Federal Law ‘On organised trades’ came into force

The third set of antimonopoly measures, which comes into force on 6 and 7 January, significantly amends antimonopoly legislation, affecting business across the board. The most important new developments include:

Julia Alexandrova, Senior Associate, Pepeliaev Group