Media

The last year has been rich in news from the bankruptcy sector. Our dispute resolution team has prepared a detailed legal alert.

The BIRCH LEGAL team has prepared an overview of the procedure of real estate transactions approval and the main requirements set by the Governmental Commission

Information aggregators focusing on goods and services (marketplaces) are major players in e-commerce. Accordingly, such marketplaces’ share of the total volume of e-commerce exceeded 50% as of June 2023^[1] 

The current legislative regulations on corporate income tax do not explicitly address which tax rate will be applied from the beginning of 2025. Judging solely from the text of paragraph 1.15 of Article 284 of the Tax Code of the RF, it follows that the 0% tax rate won’t be applied from the beginning of 2025 which necessarily entails that the general tax rate of 20% will.

The new Resolution addresses various circumstances that do not qualify as grounds for recognizing a structure as an unauthorized construction, specifies the list of structures not subject to the rules on unauthorized constructions, and resolves an array of disputes that tend to arise when legalizing an unauthorized construction.

In the beginning of January, changes to the State Commercial (Arbitrazh) Procedural Code (SCPC) came into force. The BIRCH LEGAL Dispute Resolution Team, Partner Evgeny Oreshin, as well as Junior Associates Daria Bilyk and Ivan Tebenev, have reviewed the recent changes.

The Moscow City Arbitration Court has formed a new approach on bringing persons to joint and several liability: now, it is possible to recover a debt under a contract not only from the foreign company which is a party to the contract, but also from a Russian company which is part of the same group as the foreign company. A number of other similar decisions have also recently been rendered. Previously, such examples have not been seen in Russian court practice, and a case could be made for the occurrence of judicial law-making in this regard (independent of whether the courts’ approach is correct or not).

Starting from 1 January 2024, Federal Law No. 593-FZ will introduce a 15% tax rate on withholding tax for foreign companies’ income when paying for intragroup services provided by an interdependent foreign entity to a Russian company.

On 1 January 2024, the deadline expires for companies engaged in the geological study, exploration and production of hydrocarbons, as well as the processing, transportation, storage, and sale of hydrocarbons and their products, to put in place and get approval for their oil spill prevention and response plans.

Not long ago, the Supreme Court of the Russian Federation (SC RF) issued 2 rulings on the expulsion of a shareholder from a corporate entity which are contrary to the prevailing trends in recent court practice.