27.02.2017 If Beneficial Owners Cannot Be Identified, How Can a Company Prove the Measures Undertaken

In the Mosgo and Partners Newsletter of 15 November 2016, we stated that all Russian companies must identify their beneficial owners, i.e., the individuals who ultimately directly or indirectly own more than 25% of the charter capital of the legal entity in question or can other wise exercise control over its actions.

20.02.2017 Astreinte in Russia: a Way to Compel the Debtor to Execute the Judgment on Specific Performance

Russian legislation and court practice have developed a new method of forcing debtors to execute judgments on specific performance – namely, judicial forfeit, or, how scholars call it – astreinte, which is paid to the creditor (claimant).

What is astreinte, in which cases can it be requested and what are the real sums that courts tend to award? Please see the answers to these questions in our newsletter below.

23.12.2016 Purchasing Immovable Property from Individuals in Russia: Why Marital Status of the Seller Is Important

When buying immovable property or shares in a company from an individual in Russia, one should take into account the potential rights of the seller’s spouse. Spouses in Russia have common ownership to any assets acquired by either of them while married (unless they have a marriage contract that provides otherwise).

09.12.2016 Pravo.Ru-300 Law Firms Rating We are pleased to announce that Mosgo and Partners are listed in the most reputable Russian law firms rating Pravo.Ru-300. Our company has been recognized as one of the leaders in the following categories. 15.11.2016 Legal Entities Will Have to Determine Their Beneficial Owners

Starting from December 21, 2016, legal entities will be obliged to determine and store information about their beneficial owners, pursuant to the amendments introduced into Federal Law No. 115-FZ dated August 7, 2001 “On Countering the Legalization of Illegal Earnings (Money Laundering) and the Financing of Terrorism”.

28.10.2016 New Regulation of Major Transactions and Interested Party Transactions

On January 1, 2017, the new provisions on the procedure of conclusion of interested party transactions and major transactions by legal entities will enter into effect. The changes have been introduced by Federal Law No. 343-FZ dated July 3, 2016 and significantly altered the usual approach of the legislators to the regulation of these categories of transactions.

05.10.2016 Contributions to the Assets of Joint-Stock Companies From July 15, 2016, the law allows to make contributions to the assets of joint-stock companies without increasing their charter capital. Previously, this opportunity was available only to limited liability companies. 05.10.2016 New Realty Registration Law Coming into Force A new Federal law on the registration of the real estate (Realty registration law)  adopted by the Russian State Duma last year will enter into force on January 1, 2017. 19.09.2016 Commercial Real Estate: Russian Chapter in the international guide of Global Legal Insights Managing partner Oleg Mosgo and Partner Anton Shamatonov reviewed the key points of legal regulation of the lease, the rights and obligations of developer and investor in Russia in the International Comparative Legal Guide.

12.09.2016 Professional Standards – When They Are Mandatory for Private Companies with Foreign Management

According to the amendments to the Labour Code of the Russian Federation, which came into force on July 1, 2016, the so-called professional standards have become mandatory for certain categories of employers.

For most private firms professional standards are only advisory in nature. But in a number of exceptional cases, they become mandatory. One of them is the case of companies with foreign management.