Publications
The government plans to retain the simplified regime of redomiciliation of companies from abroad to special administrative regions (SARs) in 2023.
The government plans to retain the simplified regime of redomiciliation of companies from abroad to special administrative regions (SARs) in 2023.
A draft law has been prepared, extending the current exemptions - the possibility of redomiciliation of newly established companies, increased time limits for meeting the basic requirements for the company, the suspension of inspections and a number of others.
Read more in the new PB Legal | Panin, Bayramkulov & Partners Alert.
#ALERTSThe Partner of PB Legal | Panin, Bayramkulov & Partners Alan Bayramkulov commented for Vedomosti on the news that the London Court of International Arbitration has lifted the ban on litigation for sanctioned companies.
The Partner of PB Legal | Panin, Bayramkulov & Partners Alan Bayramkulov commented for Vedomosti on the news that the London Court of International Arbitration has lifted the ban on litigation for sanctioned companies.
Previously, to process each judicial contribution from the Russian and Belarusian companies under sanctions, the London Court of International Arbitration had to obtain a special license from the Office of Financial Sanctions Implementation (OFSI), but now there is no such requirement, because the London Court of International Arbitration received a general license to process payments from the sanctioned persons.
Alan Bayramkulov noted that, most likely, this step of OFSI is aimed at supporting the arbitration, which traditionally dealt with a significant number of disputes involving Russian persons. Without a general license, the London Court of International Arbitration would have faced a decline in income. That is why the London Court of International Arbitration was granted a general license.
Read the full article at the link.
#TEAMPB Legal | Panin, Bayramkulov & Partners presents an updated version of the table on transactions and operations that require permits from the Government Commission, the Bank of Russia and the Ministry of Finance.
PB Legal | Panin, Bayramkulov & Partners presents an updated version of the table on transactions and operations that require permits from the Government Commission, the Bank of Russia and the Ministry of Finance. This list of economic restrictions imposed in response to foreign sanctions has been prepared taking into account the Decrees of the President of the Russian Federation and the recent approvals by the Governmental Commission and is valid as of October 26, 2022 – link to the document.
In addition, we provide a separate document on the subjects that issue permits for certain transactions and operations, as well as the procedure for obtaining such permits – link to the document.
PB Legal | Panin, Bayramkulov & Partners team provides a full range of services related to obtaining permits from the Government Commission, the Ministry of Finance and the Bank of Russia for transactions for which it is necessary to obtain the relevant permits.
#ALERTSProjects
An appeal in the interests of a creditor (a significant construction company) against a judgment on a claim by an affiliated person against a bankrupt.
Our client is a major construction company that is a creditor in the bankruptcy case of a manufacturing company. In bankruptcy proceedings, the debtor's subsidiary filed claims for more than RUB 700 million.
An action for invalidity of transactions was brought by a minority shareholder of a subsidiary company on its behalf.
Our client is a major construction company that is a creditor in the bankruptcy case of a manufacturing company. In bankruptcy proceedings, the debtor's subsidiary filed claims for more than RUB 700 million.
An action for invalidity of transactions was brought by a minority shareholder of a subsidiary company on its behalf. The plaintiff claimed that the chain of commerce was a cover for another trade that had been made without the necessary corporate approval and was aimed at withdrawal of the company's assets. In court, the debtor agreed with the plaintiff's position, as a result of which the transactions were declared invalid.
The client, as a creditor of the debtor, appealed a judgment declaring the transactions invalid. As part of the case, we analyzed the corporate and commercial relationships between the debtor, its subsidiary, the plaintiff, and other members of their class. As a result of a detailed analysis, we developed a legal opinion that disclosed the nature of the transactions between the class members. The pattern we identified led us to conclude that the funds transferred under the contested transactions remained under the control of the debtor's subsidiary and that the transactions caused it no harm. We also revealed that the contested transactions were aimed at including a creditor "friendly" to the debtor in the bankruptcy case. In addition, we substantiated in detail that the plaintiff had missed the statute of limitations.
Conducting an internal investigation at a major pork producer company in Russia in connection with an outbreak of African swine fever.
Our client is an agro-industrial company in the Tver region, one of Russia's 20 largest pork producers.
The PB Legal team conducted an internal corporate investigation into the legality of the actions of government agencies and company employees during the outbreak of viral animal disease.
Our client is an agro-industrial company in the Tver region, one of Russia's 20 largest pork producers.
The PB Legal team conducted an internal corporate investigation into the legality of the actions of government agencies and company employees during the outbreak of viral animal disease.
Preparation of a legal opinion on the assessment of risks in the application of the creditor’s claims in the debtor’s bankruptcy case.
Our client is a large company established on the initiative of the President of the Russian Federation, which is engaged in the development of investment projects in the regions of the Russian Federation. As a result of the revision of the case under newly discovered circumstances, the client had claims against the debtor.
Our client is a large company established on the initiative of the President of the Russian Federation, which is engaged in the development of investment projects in the regions of the Russian Federation. As a result of the revision of the case under newly discovered circumstances, the client had claims against the debtor.
The PB Legal team prepared a legal opinion assessing the client's risks related to the application claims in the debtor's bankruptcy case, as well as the prospects of satisfying the said claims. The legal opinion also analyzed the procedure for reversing a judgment in a situation where a debtor is declared bankrupt. Based on the results of the analysis, the client was given recommendations in connection with the statement of claims in the debtor's bankruptcy case.