On 1 January 2017 the Resolution of the Government of the Russian Federation No. 925 dated 16 September 2016 that established the priority of goods of Russian origin, works and services performed and rendered by Russian entities over the goods originating from a foreign country, works and services performed or rendered by foreign entities for the purposes of procuring goods, works and services through a tender, auction and other procurement procedures (except for the single source procurement procedure) by certain legal entities became effective.
Change in the value of assets of financial institutions for antitrust control purposes in Russia
The Decree of the Government of the Russian Federation No. 1518 dated 26 December 2016 amended the value of assets of financial institutions for the purpose of antimonopoly control in Russia of transactions and other actions with respect to such institutions.
Changes in the list of medical goods not subject to VAT in Russia
The Decree of the Government of the Russian Federation No. 1581 dated 31 December 2016 amended the list of medical goods, the sale and import of which in the territory of the Russian Federation and other territories under its jurisdiction are not subject to (exempted from) the value added tax.
A Q&A guide to arbitration law and practice in Azerbaijan.
Shareholders’ agreement is a tool for the contractual regulation of relations between shareholders/participants of companies that is widely used in jurisdictions of the Anglo-Saxon legal system (in particular, the UK and the US), but also recognized and regulated by the laws of countries that have continental legal systems (including Russia, Germany and Italy).
Russian civil law does not specifically provide such type of agreement such as a distribution contract. The contract, however, has become widely used in commercial practice as an instrument for regulating relations between producers/wholesale suppliers of goods and wholesale purchasers under the general principle of freedom of contract enshrined in Article 421 of the Civil Code of the Russian Federation (hereinafter - the 'Civil Code').