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If everyone helped 10 people and each time asked in return that they help 10 others, asking in return that they help 10 more in exchange for the same promise, what would happen?
EMG Head of legal practice Olga Vorobyeva was elected as one of the chair persons of Saint-Petersburg Business Association Legal Commiitee.
On October 31, Olga Lobanova, Senior Associate, Auditor of Emerging Markets Group, gave a presentation at the first Practical Legal Conference for Businesses “Employee and Employer” with the topic “Issues of Payment of Compensation Amounts upon Termination of an Employment Agreement. Arbitrage practice".
On December 2, new amendments to the Code of Administrative Offenses of the Russian Federation entered into force. In brief, a separate penalty for non-compliance with the rules on the storage, recording, systematization, clarification or extraction of personal data of Russian citizens in the territory of the Russian Federation was added.
Due to the season of preparation and audit of financial statements, we would like to remind you that in accordance with the changes from 28.11.2018 in Federal Law “On accounting” the new procedure for drawing up and reporting will come into force.
We inform you that on August 2, 2019, there were made amendments to the Law "On Currency Regulation and Currency Control". It was aimed at liberalizing a number of restrictions in foreign trade settlements.
Withdrawal from the tax secrecy regime from some information on companies as well as specifying the medium of publication of this information will facilitate vetting potential or current partners. These changes will help to comply with due diligence when selecting a counterparty.
Latest legal developments shall be taken into account upon calculation and payment of interests. Federal Act No. 315-FZ of July 7, 2016 has introduced amendments to Part 1 of Article 317 of the Civil Code of the Russian Federation.
Federal Law No. 272-FZ of July 3, 2016 “On the amendments to individual legislative acts of the Russian Federation enhancing responsibility of employers for violation of the legislation on labour remuneration – delays in payment of earnings» has introduced many amendments to the Labour Code of the Russian Federation and the Administrative Offences Code of the Russian Federation.

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