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19 Oct 21: Pavia e Ansaldo with Vos’hod for Armani/Casa Moscow Residences

Pavia e Ansaldo with Vos’hod for Armani/Casa Moscow Residences Milan, 19 October, 2021 – Pavia e Ansaldo assisted the company Vos’hod, well-known Russian real estate developer, in the creation of a partnership with Giorgio Armani for the execution of the real estate Project ‘Armani/Casa Moscow Residences’, first project to be performed in partnership with the prestigious Italian luxury Brand in the Russian Federation.   The real estate complex will rise in one of the most iconic area of the Russian capital, nearby State Art Gallery Tretyakov. The Project will imply the development of an area of 9,6 thousand square meters and an investment of approximately 66…

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27 May 21: Russia: Business activity on the Internet network curried out by foreign operators

Russia: Business activity on the Internet network curried out by foreign operators On May 21, 2021, the draft federal law No. 1176731-7 “On the performance by foreign subjects of the activity in “Internet” network on the territory of the Russian Federation” was filed to the State Duma (the lower house of the Federal Assembly of the Russian Federation). Under the above draft law a foreign person carries out the activity on Internet on the territory of the Russian Federation when that person is the owner of an Internet site and/or a web page and/or an information system and/or a program…

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21 May 21: Russia: Exclusive jurisdiction of the Russian economic court in case of sanctioned persons

Russia: Exclusive jurisdiction of the Russian economic court in case of sanctioned persons About a year ago, on 8 June 2020 with Federal Law no. 171, two new articles of the Civil Procedure Code (APK) established the exclusive jurisdiction of the Russian economic courts on disputes with the participation of subjects against whom restrictive measures have been introduced by foreign states and / or public bodies of foreign states.   According above mentioned amendments, the Russian economic court has exclusive jurisdiction (i) on disputes with the participation of the sanctioned subjects, as well as (ii) on disputes arose from the…

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06 May 21: Russia: Simplification of the procedure for obtaining a residence permit for foreign investors

Russia: Simplification of the procedure for obtaining a residence permit for foreign investors On April 27, 2021, the draft law “On amendments to the Federal Law “On the legal status of foreign citizens in the Russian Federation” aimed at simplifying the procedure of obtaining residence permits for foreign investors was filed to the State Duma (the lower house of the Federal Assembly of the Russian Federation).   The above mentioned draft law was drawn up in execution of the Russian Federation’s migration policy plan for the period from 2019 to 2025 and is aimed at creating additional favourable conditions for…

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09 Apr 20: Russia: Investment protection and incentives

Russia: Investment protection and incentives On April 1, 2020, the President of the Russian Federation signed Federal Law No. 69 FZ on the investment protection and incentives in the Russian Federation (the “Law”). The purpose of the Law is to create favourable conditions for making investments and conducting business in Russia, as previous legislative initiative such as the creation of the Special Economic Zones (see our previous publications on SEZ). In order to take advantage of the benefits provided by the Law, the economic operator who intends to carry out the investment project must enter into an agreement on the…

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02 Apr 20: Russia – Coronavirus: certificate of force majeure

Russia – Coronavirus: certificate of force majeure Rome, 2 April 2020 – On March 27, 2020, the Ministry of Economic Development of the Russian Federation informed that the Chamber of Commerce and Industry of the Russian Federation, also through its local offices, started to issue force majeure certificates in accordance with the conditions of trade agreements between Russian and foreign operators. Such certificates are issued free of charge. The above mentioned measures were adopted following the declaration by the World Health Organization of the pandemic due to the spread of the coronavirus COVID-19 and the adoption by the state authorities of…

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19 Sep 19: Russia: Convenzione multilaterale per l’attuazione di misure relative alle convenzioni fiscali

Russia: Convenzione multilaterale per l’attuazione di misure relative alle convenzioni fiscali Roma, 19 settembre 2019 – Con la Legge Federale del 1° maggio 2019 n. 79-FZ la Russia ha ratificato la Convenzione multilaterale per l’attuazione di misure relative alle convenzioni fiscali finalizzate a prevenire l’erosione della base imponibile e lo spostamento dei profitti (firmata a Parigi il 24 novembre 2016) (“Convenzione”). La Convenzione è stata elaborata dalla Organizzazione per la cooperazione e lo sviluppo economico (OCSE) con lo scopo di prevenire gli abusi nell’applicazione delle convenzioni internazionali contro le doppie imposizioni (CCDI) e dei casi di esenzione o di imposizione…

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19 Feb 19: Russia: VAT on the E-Services

Russia: VAT on the E-Services Rome, 19 February 2019 – A series of amendments to the Tax Code of the Russian Federation were introduced by the Law n. 335-FZ dated November 27, 2017, including the amendments to the art. 174.2 paragraph 3, in force from January 1, 2019. With above mentioned amendments a new tax regime is provide for the services rendered by foreign entities in electronic form (via the Internet, such as streaming music, films, gaming services, domain names, hosting, website and webpage support, etc.) listed in paragraph 1 of art. 174.2 of the Tax Code of the Russian…

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23 Nov 18: Russia: Personal Data protection

Russia: Personal Data protection Milan, 23 November 2018 – All legal entities and/or individuals who independently or in cooperation with other entities organize and/or process personal data of Russian citizens in Russia (“Personal Data”) as well as determine the purposes and scope of personal data processing (“Operator”) shall comply with the requirements provided by Russian law and, in particular, Federal Law no. 152-FZ of July 27, 2006 “On personal data” (“Law on Personal Data”). Pursuant to the Law on Personal Data, an Operator shall comply with several security and technical requirements, administrative and organizational requirements as well as Personal Data…