The following Commercial practice note Produced in partnership with Dentons provides comprehensive and up to date legal information covering:
Updated in April 2015
The business environment
Forming a company
Financing a company
Opening a branch or a representative office
Opening a bank account
Utilising office space
Key employment laws
Contracting with third parties
Protecting key assets and employees
Russia is the largest country in the world with a diverse culture and a rich history. With a population of 143.7 million and a growing middle class, Russia is a developing market that remains full of opportunities for global businesses despite the challenges of the past year.
There are a variety of ways of starting and developing a business in Russia. The purpose of this guide is to highlight some of the key areas that a new business will need to consider before it begins its operations in Russia. This guide should not be considered to be an all-inclusive manual and specific Russian legal advice should always be sought before starting up a business in Russia.
In 2012, Russia became a full member of WTO, which increased the country’s attractiveness for investment and levelled the playing field for all.
In 2014 and the first quarter of 2015, Russia faced a number of political and economic challenges.
Since the beginning of the Russia-Ukraine tensions, Russia has been subject to several rounds of sanctions imposed by the US, EU and other countries. Some certain sanctions prohibit the entry of specified sanctioned individuals, freeze their
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On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
The offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861), the prosecution must prove the defendant unlawfully
What is QOCS?Qualified one-way costs shifting (QOCS) was introduced on 1 April 2013 as part of the Jackson costs reforms following the removal of a claimant’s right to recover additional liabilities from the defendant, ie success fees and after the event (ATE) insurance premiums. The relevant CPR
What is a third party debt order (TPDO)?Third party debt orders were previously known as 'garnishee' orders and operated under the regime provided for in CCR Ord 30 and RSC Ord 49 (now revoked). Although the rules in CPR 72 are new, many of the principles with which they are concerned are well
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