Dear readers!

We are glad to welcome you to our summer edition of “Korpus Prava.Analytics”.

The new issue is packed with articles, as in the current situation, governments of numerous countries, including the Russian Federation, adopt a number of legislative acts that partially or completely change existing policies.

Thus, the article by lawyer Roman Moskovskikh covers principal changes proposed by the Government of the Russian Federation in terms of corporate procedures carried out by JSC and LLC. Namely, the deferral of next general meetings of LLC members and meetings of shareholders, and the decrease in the value of net assets of JSC and LLC.

In her article, Tatyana Frolova, senior lawyer at Private Wealth, tells you when to expect the introduction of the tax on interest received on bank deposits, its features, and provides examples of tax base calculations.

Another innovation was the increase in the withholding tax for dividends and interest paid to tax non-residents of the Russian Federation, as well as the revision of double taxation conventions. However, there is no need to hurry, because the new rules will become effective from January 2021. In her article, Anna Senchenko tells you how to act and what measures to take during this time.

The corporate practice also underwent certain changes. For example, the Enhanced Due Diligence (EDD) and personal identification (onboarding) procedures are now remotely available via means of video communication. See the articles of experts of the compliance department, Irina Otrokhova and Vlada Shafirova, to find out more about this issue.

I hope that this feature material will be beneficial for you and will help you find answers to numerous questions that are of concern to many now. Our specialists are always in touch and ready to respond to any comments and suggestions.

Have an enjoyable and beneficial reading!

Artem Paleev
Managing Partner
Korpus Prava