Dear readers!

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

Articles of the autumn edition written by our specialists answer interesting and topical questions.

At the end of March, the Ministry of Finance of the Russian Federation began to implement the order of the President of the Russian Federation to approve amendments to double taxation conventions (DTC) with certain jurisdictions. Thus, in September, an agreement on new terms was reached with Cyprus. For more information about new business conditions, read the article by senior lawyer Anna Senchenko.

Since 2020, currency individual residents of the Russian Federation are required to submit notices to the tax authorities on opening / closing / changing details of accounts opened not only with foreign banks, but also with other financial institutions. In his article Aleksey Oskin tried to cover the meaning of the “financial market organization” in as much detail as possible.

Since September 1, 2020, the procedure of out-of-court bankruptcy for individuals regarding debts amounting from 50 to 500 thousand rubles has become possible. The article by Mikhail Oberemkov describes conditions of participation in this procedure, its features and consequences.

After some time, we decided to return to the topic of digital currency and digital financial assets, because this July the federal law was published introducing rules for DFA regulation. For more information on this issue, see the article by junior lawyer Ekaterina Sechkareva.

We hope this feature material will be really beneficial for you. We look forward to your recommendations and questions, and we will do our best to cover them in our next edition or news feed on our website or Facebook page.

Enjoy the reading!

Artem Paleev
Managing Partner
Korpus Prava