As of June 1, 2026, amendments to Presidential Decree No. 95, introduced by Decree No. 377, came into force. Under the updated version of Decree No. 95, the special procedure for fulfilling obligations now also applies to bank deposits held by persons from “unfriendly” states. Previously, banking practice was as follows: repayment of deposit principal […]

Two recent rulings by cassation courts have once again defined the boundaries of Article 74 of the Russian Labor Code. In the first case, an employee’s working hours and salary were reduced following an internal review, with the employer citing a decreased workload. In the second, an in-house legal counsel was transferred to a 0.5 […]

The Commercial Division of the Supreme Court reversed the approval of a settlement agreement in the bankruptcy of Ptitsefabrika Udarnik, where three lower courts had endorsed a 14-year interest-free installment plan over the objections of secured creditors.  The Court set out several key conclusions. While waiving interest is not in itself contrary to the law, […]

On July 1, the Presidium of the Supreme Court approved its quarterly review of judicial practice, setting out positions on labor, family and housing disputes, as well as on bankruptcy and consumer protection matters.  Among the key clarifications are the approaches to holding controlling persons subsidiarily liable in bankruptcy cases, which is particularly relevant given […]

On May 27, the State Duma adopted in first reading amendments to Article 43 of the Law on Joint-Stock Companies aimed at protecting holders of preferred shares with a fixed dividend. The bill was developed by the Ministry of Economic Development in implementation of Constitutional Court Ruling No. 31-P dated 25.09.2025 in the case of […]

On July 7, the State Duma unanimously adopted in second reading amendments to the Insolvency Law (Bill No. 489384-8) – the most significant bankruptcy reform since 2002. Key innovations: a debt restructuring procedure for legal entities under the debtor-in-possession model, allowing management to remain with the debtor, and a pre-bankruptcy sanation framework – in our […]

Amendments to Article 219.1 of the Tax Code of the Russian Federation have been adopted and will apply already in the current 2026 tax period.  The long-term holding tax benefit (LTH) will now also apply to units of closed-end mutual funds (ZPIF). Previously, it applied only to units of open-end mutual funds.  What this means […]

On July 1, 2026, by Resolution No. 15A/2026 of the Presidium of the Supreme Court of the Russian Federation, the “Thematic Review of the Supreme Court of the Russian Federation No. 12/2026. On cases related to challenges to transactions that resulted in the transfer of title to residential premises” was approved.  Today we note several […]

Please note: July 15 is the deadline for paying personal income tax (PIT) based on the 3-NDFL declaration.  What this means in practice:  You need to top up your Unified Tax Account (UTA) in advance On July 15, the tax authority will automatically debit the required amount from the UTA You can make the payment […]