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8
July

VEGAS LEX в международном аналитическом материале по влиянию COVID-19 на недвижимость

VEGAS LEX participated in the preparation of international analytical guide on the negative consequences of COVID-19 for the commercial lease, initiated by the Dutch law firm Florent. Experts from around the globe answered several simple but at the same time complex questions: Is it possible to postpone or reduce the rent? Is it possible to amend the lease, for example, to terminate it ahead of schedule?
Comments on legal consequences in Russia are presented by Igor Chumachenko, partner, head of the Practice "Real Estate. Land. Construction".

23
March

VEGAS LEX is a Top-4 best law firm in Russia. Forbes magazine ranking

Forbes magazine published the first rating of the best law firms in Russia, in which VEGAS LEX took 4th place! The magazine’s ranking includes leading Russian law firms specializing in various legal practices. The long list includes the largest revenue law firms from the Pravo.ru – 300 rating for 2019. The rating was released for the first time this year, but the editors intend to continue its annual publication in Russia.

15
January

VEGAS LEX's experts in the Pravo.ru-300 Individual Rating

The first individual lawyers' rankings introduced by Pravo.ru-300* recommend as many as seven experts of the VEGAS LEX law firm.

27
July

Bankruptcy payments circulation. Yugra’s bankruptcy assets have been increased under a special scheme

<p style="text-align: justify;"> The record amount of RUB 1.4 bn has been included in the bankruptcy assets of the bank “Yugra”, which goes bankrupt. It has been contributed by companies affiliated with Alexey Khotin, the ex-owner of Yugra, for repayment of overdue loans of several debtors of the bank. However, the State Deposit Insurance Agency (SDIA) cannot spend money on payments to depositors: the companies, whose loans have been repaid, are themselves close to bankruptcy, and the bank is merely one of creditors. The lawyers point out that the application of these funds by SDIA may be challenged. Stanislav Shibulkin is commenting on it. </p>

27
July

With Deprivation of Trading. Moscow Exchange Tries to Exclude Any Risk of Sanctions due to the Crimean Residents

<p style="text-align: justify;"> The Moscow Exchange intends to begin trading in the US shares in mid-August. But the question how to prevent the persons located in Crimea from participating in such trading so that not to become subject to the US sanctions is still open. The exchange believes that this is a concern of brokers, since it is they who conclude contracts with clients, who, in their turn, want to obtain an official document containing the grounds for denial from the exchange. Comments by Natalia Abtseshko. </p>

17
July

Vegas Lex has commented on one of the first cases over holding a lawyer subsidiarily liable

<p style="text-align: justify;"> The lawyer Tatiana Votinova is being held subsidiarily liable for debts of the company to which she provided legal services under a contract. The amount of claims is RUB 23 million. Valeria Tikhonova, Associate of VEGAS LEX’s Bankruptcy projects, is providing her comments.  </p>

Analytics

Infographics

12
August

Double Taxation Avoidance Agreement with Cyprus will be preserved

As it became known earlier, during the negotiations Cyprus agreed to the conditions of Russia to amend the agreement on the avoidance of double taxation in terms of increasing the withholding tax to 15% in respect of dividends and interest. All of us are now waiting for the new reality of the Cyprus offshore. The same goes for Malta and Luxembourg. According to information from Deputy Finance Minister Alexei Sazanov, these countries "in general" agreed to the conditions proposed by Russia to revise tax agreements.<br> <br> Who will be next in line? Find the answer in a brief analysis by VEGAS LEX.<br>

4
August

Russia to initiate termination of double tax treaty with Cyprus

In early April, Russia sent a letter offering to amend the text of the agreement on avoidance of double taxation (DTT) by increasing tax rates in terms of taxable dividends and interest payments to Cyprus. However, after almost four months of negotiations, the parties failed to reach a consensus.<br> <br> According to the information published by the Russian Ministry of Finance, with due regard to close economic and historical ties between the two states, the Russian party formulated options for a compromise and offered to swiftly hold (the ongoing week) face-to-face negotiations in Cyprus but received a refusal. Consequently, Russia’s Ministry of Finance announced that it would initiate denunciation of the DTT.<br>

25
May

SPIC 2.0: Making the First Move

<p> The Ministry of Industry and Trade of Russia declared that from May 25 to June 5, 2020 investors may apply for including their technologies into the list of high technologies. This list is the most important element required for the new special investment contract (SPIC) model to function. </p>

19
April

Determining the approximate size of an economic entity’s market share

The VEGAS LEX group of companies has prepared analytical infographics devoted to determining the approximate size of a business entity's market share in order to effectively manage anti-monopoly risks.

Ksenia Podguzova, Senior Associate of Commercial group
29
April

Provisions of the new Administrative Procedures Code of the Russian Federation

As part of judicial reform in the Russian Federation, on 08 March 2015, the Administrative Procedures Code was adopted. The provisions of the adopted Code will apply in the consideration of cases arising from administrative and other state relations, starting already on 15 September 2015. Moreover, the sphere regulated by this Code will include cases on which proceedings were commenced before the said date.

Alexander Sitnikov, Managing partner
Victor Petrov, Head of Litigation practice
28
April

Exclusion from the register of unfair suppliers: analysis of judicial practice

In the current economic situation, many companies are interested in participating in state procurement contests and in procurement tenders of individual legal entities, thus ensuring a certain level of economic stability for themselves. However, the opportunities for participation in such tenders are significantly reduced if company’s name ends up being listed in one of the registers of unscrupulous suppliers, since in their tender documentation, most customers include a requirement that participants in the tender should not be listed in the Register.

Alexander Sitnikov, Managing partner
Ksenia Podguzova, Senior Associate of Commercial group

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