The Belarusian office of GRATA International law firm is pleased to welcome you to the pages of our business guide, dedicated to the legal overview of investment opportunities in Belarus.
GRATA International Partner, Head of the China office, Mrs. Gulnur Nurkeyeva, gave an interview to the Kazakhstani national television channel Khabar 24. During the interview, Mrs. Gulnur Nurkeyeva shared the insights on how to minimize the risks when concluding contracts with Chinese counterparties.
In line with GRATA Law Firm’s practice of keeping clients informed of important legal developments that may influence their business, we would like to draw your attention to the recent changes in procurement rules of Samruk-Kazyna JSC.
On February 16, 2021 President of the Republic of Uzbekistan has approved the Law “On International Commercial Arbitration” (hereinafter – the “Law”). As a result, Uzbekistan became 85th country and 118th jurisdiction to enact legislation based on the Model Law of the United Nations Commission on International Trade Law(UNCITRAL) on International commercial arbitration (hereinafter – the “UNCITRAL Model Law”). The Law was approved by the UNCITRAL.
The State Duma allowed entrepreneurs to terminate lease agreements unilaterally
The state Duma of the Russian Federation has adopted in the third and final reading a bill regulating rental relations during high-alert regime.
In connection with the pandemic triggered by the spread of the COVID-19 virus (coronavirus) in the world and for mitigation of the negative impact on the economy, the Government of the Republic of Uzbekistan adopted a number of decisions for introducing a force majeure mode for business in the country.
The exclusive right to attest to the existence of force-majeure circumstances in Belarus belongs to the Belarusian Chamber of Commerce and Industry (hereinafter - BelCCI).
The present article is devoted to the examination of the legal nature of an investment contract and determination of its place within the system of civil law contracts. It studies the available approaches to understanding the legal essence of an investment contract and its qualifying features suggested and emphasized by various authors.
Usually, under the delivery contract, the parties agree on the terms about an advance payment for goods, such provision is aimed at protecting the supplier’s interests. However, the provision about an advance payment has negative impacts for a supplier.
On 13 May 2017, the Direction of the Central Bank of the Russian Federation No. 4335-U dated 31 March 2017 came into force that establishes the threshold values for transactions of joint stock companies and limited liability companies, in the event of excess of which the transactions the price or book value of the property being the subject matter of which does not exceed 0.1% of the book value of the companies' assets may be deemed interested party transactions.
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').
The issue of 'parallel import', i.e. importation and(or) sale in any country of original trademarked goods, which were not put by the exclusive right holder into civil circulation in this country, and remedies applicable by the rightholders, directly relates to the key aspects of regulation of trademark rights such as