• The Higher Arbitration Court of the Russian Federation refused to bring a company to administrative responsibility for illegal use of the trade-mark

    Federal Law No. 259-FZ of December 22, 2008 has ratified the Convention between the Government of the Russian Federation and the Government of the Kingdom of Thailand on Avoidance of Double Taxation and Prevention of Evasion of Taxes for the Income Taxes. Under the agreement, legal and natural persons of the parties are exempt from double taxation of the same incomes in one’s own state and in the partner country. Lawmakers believe this will promote the development of trade, cultural, scientific and technical cooperation and also attract mutual investment. >>>

  • The Convention between Russia and Thailand on avoidance of double taxation and evasion of income taxes enters into force

    Federal Law No. 259-FZ of December 22, 2008 has ratified the Convention between the Government of the Russian Federation and the Government of the Kingdom of Thailand on Avoidance of Double Taxation and Prevention of Evasion of Taxes for the Income Taxes. Under the agreement, legal and natural persons of the parties are exempt from double taxation of the same incomes in one’s own state and in the partner country. Lawmakers believe this will promote the development of trade, cultural, scientific and technical cooperation and also attract mutual investment. >>>

  • Decree No. 1489 of the President of the Russian Federation "About the Presidential Council of the Russian Federation on the development of the financial market of the Russian Federation"

    It is formed a Presidential Council of the Russian Federation on the development of the financial market of the Russian Federation. The state commission on the protection of investors’ rights in the financial and stock markets of Russia is abolished. Tasks, rights, composition and Council structure, and session procedures are defined. The Council is an advisory body, which: considers the questions connected with the development and the stability of the financial market, estimates the efficiency of measures accepted in this area; prepares suggestions for the President of the Russian Federation on the protection of the rights of investors and on the prevention of crises in the financial market; by instruction of the President of the Russian Federation carry out examination of draft legislation concerning the financial market; annually presents the President of the Russian Federation with a report on the condition and development of the financial market. Earlier, the aforementioned Commission developed regulatory legal act drafts on the protection of the rights of investors. The chairman of the council is the First deputy of the Chairman of the Government of the Russian Federation. The decree comes into force from the day of its signing. >>>

  • Resolution No. 757 of the Government of the Russian Federation "About temporary rates for import customs duties concerning separate kinds of goods for medical purposes"

    For a period of 9 months a zero rate is set for import customs duties concerning separate kinds of goods for medical purposes. Namely for: cameras intended for inspection of internal organs; tubular metal needles; drills with miscellaneous dental equipment; x-ray tubes; x-ray luminescent screens and x-ray strengthening screens. At the present time import of the listed goods is assessed by a custom duty rate of 5%. The resolution comes into force one month after the date of its official publication. >>>

  • Resolution No. 756 of the Government of the Russian Federation "About the modification of the customs tariff of the Russian Federation concerning separate kinds of spare parts, units and equipment for aircrafts, and also concerning air training devices"

    It is introduced temporarily (for a period of 9 months) zero rates for import customs duties concerning separate kinds in spare parts, units and equipment for aircrafts, and also concerning air training devices for civil aviation. In particular, the rate of 0% acts concerning importation of multilayered safe glass for civil aviation. Earlier, the rate for customs duties concerning separate kinds in spare parts, units and equipment for aircrafts, and also concerning air training devices for civil aviation, constituted from 3,5 to 20%. The resolution comes into effect two months after the date of its official publication. >>>

  • Order No. 13579 of the Ministry of Foreign Affairs of the Russian Federation "About the confirmation of administrative regulations of the performance of the state function of state civil registration of citizens of the Russian Federation living outside the territory of the Russian Federation"

    A procedure to execute the state function of state civil registration of Russian citizens living outside the territory of the Russian Federation by the MFA of Russia. Within the limits of the state function, the MFA of Russia conducts the state registration of birth, marriage/divorce, adoption, establishment of paternity, name and death change; makes decisions about the change of civil registrations; re-issues certificates about state civil registration, etc. Recipients of the state function are Russian citizens living outside the territory of the Russian Federation, and also foreign citizens and stateless persons. The performance periods of state functions are provided: at a birth – on the day of submitting all proper documents at a foreign establishment; at a wedding registration - as a rule, after one month from the date of submitting the documents; at an adoption – at the day of the approach on the condition of submitting the corresponding documents. Concerning each certificate of registration, a list is presented with the necessary documents to submit. The defined list is the reason, for which the state function is not executed. >>>

  • Ministry of Education and Science of Russia comments on TV&P letter of inquiry

    TV&P prepared an advocatory request on behalf of the associate of the South Korean law firm SHIN & KIM, who has got higher education in the Russian Federation. She had studied at the law faculty of the Moscow State Lomonosov University and had received state diploma of Bachelor of Law and, subsequently, her Master of Law diploma. >>>

  • TV&P comments on Russian labour legislation and employees’ pay under labour contracts

    Click here to download full text in PDF format. >>>

  • 11th Industrialists Conference under the auspices of the Gulf Organisation for Industrial Consulting (GOIC) and Ministry of Finance and Industry of the UAE

    Our law firm participated in the 11th Industrialists Conference organised by the Gulf Organisation for Industrial Consulting (GOIC) under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum - Deputy Ruler of Dubai and Minister of Finance and Industry of the United Arab Emirates. The event took place in Abu Dhabi on 20 to 21 January 2008. >>>

  • Contributions by TV&P to the IFTA Arbitration Award Enforcement Booklet 2007

    The Independent Film & Television Alliance, Los Angeles, publishes an Arbitration Award Enforcement Booklet, which provides its members with guidance on the possibilities of enforcement of IFTA awards in comparison to court judgements. IFTA Member list includes Buena Vista Television, Dream Entertainment, Gaumont, Miramax International, TF1 International, Bank of Ireland, Natexis Banques Populaires, U.S. Bank, Union Bank of California, N.A. etc. >>>

  • Amendments to the Federal Law on the Currency Regulation and Currency Control

    Amendments to the Article 12 of the Federal Law on the Currency Regulation and Currency Control were introduced by the Federal Law No. 242-FZ. Under the amendments, it is provided that diplomatic representations, consular institutions of the Russian Federation and other official representations of Russia abroad, as well as permanent representations of Russia in interstate and intergovernmental organizations are exempted from the duty to submit to the tax bodies reports of the flow of resources on the accounts (deposits) in the banks outside the Russian Federation. >>>

  • New Rules of Invitations to Enter the Russian Federation for Foreigners

    New Rules of drawing up of invitations to enter Russia for foreign citizens and stateless persons were introduced by the Decision of the Government of the Russian Federation No. 655 of October 8, 2007. Invitation to enter the Russian Federation for a foreign citizen or stateless person serves as grounds to issue the visa or enter Russia without visa under procedures envisages in the Federal Law or international treaty of the Russian Federation. >>>

  • Decision of the Government of the Russian Federation No. 628

    The Decision of the Russian Government No. 839 of December 30, 2006 introduced for nine months the zero rates of import customs duties for auto components imported for industrial assembly and for component parts and a number of commodities for production of aircraft engines. Decision of the Russian Government No. 628 of October 1, 2007 endorsed these rates in regard of the mentioned objects on the permanent basis. The Decision is entered into force from October 2, 2007. >>>

  • Order of the Ministry of Justice of the Russian Federation No. 192

    The Order provides for the endorsement of the administrative regulation on the execution of the state function of organisation of search of the debtors and their property. The sphere of reference of the Federal Bailiff Service shall include the search of the debtor organisation, as well as the search of the property of the debtor (citizen or organisation). The Order was registered in the Ministry of Justice of the Russian Federation on September 21, 2007. Reg. No. 10164. >>>

  • Amendments to the Federal Law on the Currency Regulation and Currency Control

    Under the amendments introduced by Federal Law No. 127-FZ, it is permitted to transfer money without restrictions by resident natural persons from their bank accounts to their spouses and other close relatives (even if their accounts are opened in banks abroad). >>>

  • Amendments to the Russian Tax Code

    Federal Law No. 77-FZ of May 16, 2007 on the Amendment to Article 372 of Part 2 of the Russian Tax Code provides for removal of controversies in the text of the Russian Tax Code pertaining to the authority to endorse the form of the tax declaration for the property tax from organisations. >>>

  • Liability for violation of Law on the Continental Shelf and Law on the EEZ

    Criminal Code of the Russian Federation was amended by Federal Law No. 46�‛FZ of April 9, 2007. Amendments introduced to articles 11, 252 and 253 were intended to make criminal legislation corresponding with the United Nations Convention on the Law of the Sea of 1982 (ratified by Russian Federation on 12 March 1997), Federal Law on the Continental Shelf of the Russian Federation of 1995 and Federal Law on the exclusive economic zone of the Russian Federation of 1998. >>>

  • Amendments to Russian Legislation on Water Resources

    Regulations Governing the State Water Register Keeping shall be taken into account before entering into a contract of water use in Russia (e. g. fishery). >>>