On 10/03/2022 the Chamber of Trade and Commerce of the Russian Federation (CTC of Russia) announced that the competent territorial Chambers of Trade and Commerce will organize the process of issue of force-majeure certificates for contracts, made in due course of Russian domestic economic activity. It has also been declared that the CTC of Russia will carry out the issue of force majeure certificates for both, domestic and foreign trade contracts, on gratuitous basis from 10 March, 2022 till 30 April, 2022.
14.03.2022, the Russian Government instructed the management of the largest state-owned companies not to fine suppliers for violating the deadlines for the performance of works or services, if such violations are related to the sanctions recently imposed on the Russian Federation.
On 11/03/2022 the Office of the Prosecutor General of Russia has announced its intention to carry out a review of activity of companies that pull out of the Russian market. In particular, the supervisory authority plans to review the matters of protection of worker’s rights: discipline of performance of labor contracts by the employers and correctness of calculation and payment of salaries.
On 09.03.2022 the Government of Russia officially communicated that it is considering the draft of the Federal Law On External Administration for the Management of the Organization.
Linnikov & Partners team has reviewed the draft and would like to share its provisions with all colleagues and clients, as it is very likely that the law will be adopted in the very near future.
On 04/03/2022 amendments to sub-clause 9 of clause 3 of art. 149 of the Tax Code of the Russian Federation were published. According to these modifications, operations of sale of gold ingots by banks to individuals (physical persons) are relieved of the value added tax. Decision taken by the state is based on research and analytical materials, prepared by tax and financial law experts, including the professionals of "Linnikov & Partners".
