Recent Posts in ‘Russia and CIS’
« Older EntriesLegal aspects for FDI projects of Russian & CIS companies
May 18th, 2012
in Russia and CIS |
When entering international markets with the aim of strengthening their resource and production base as well as gaining access to new customers and technologies, Russian companies consider the globalization of their activity as one of the most important elements of their long-term development strategy.
Acquiring or creating assets abroad provides them with an additional competitive advantage – by gaining access to new markets, expanding their resource base, overcoming tariff and non-tariff limitations, diversifying business activities and reducing costs. According to the UNCTAD report FDI outflows from Russia in 2011 increased by 28% and together with CIS countries and South-East Europe reach an estimated all-time record of US $ 73 billion.
- How to structure joint ventures using an offshore jurisdiction – recent changes in Russian and foreign legislation which had an impact on tax regimes, business organization and legal protection for the parties
- What to consider when organizing a joint venture with a government owned company
- How to obtain licenses or permissions for specific business activities
- Practical guidance on the most effective legal mechanisms: implementing international legal norms and contractual tools in different jurisdictions
- How to successfully insure a project
Tags: c5, C5 Publications, Legal, legal conferences, Legal Events, Russia and CIS
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Legal aspects of projects in Russia and CIS companies on the acquisition and establishment of foreign assets
May 15th, 2012
in Legal, Legal Conferences, Legal Conferences, Russia and CIS |
In order to strengthen the resource and production base, access to new consumers and technology companies in Russia go to the world markets and the globalization of its activities is considered an essential element of long-term plans.
The acquisition or establishment of companies abroad allows companies to obtain competitive advantage – by gaining new markets, expanding resource base, overcoming tariff and non-tariff barriers, diversification and reduce production costs. According to the report of UNCTAD, in 2011 Russian companies investing abroad increased by 28% and, together with the investments of the CIS and South Eastern Europe reached a record high – 73 billion U.S. dollars.
Knowledge of the complex set of legal issues that accompany the acquisition or creation of an enterprise abroad is an essential element in the preparation of the project, and the more important knowledge gained from practical experience.
- How to structure joint ventures with offshore structures – recent changes in domestic and foreign legislation, reflected in the mode of taxation, the organization of business and legal protection of participants
- What are the most important features to consider when organizing a joint venture with companies with state participation
- How to get a permit and business license
- What are the legal mechanisms to protect the investments can be applied in practice: the use of international law and treaty instruments in different jurisdictions
- How to organize a successful insurance and banking software project
Tags: c5, C5 Publications, Legal, legal conferences, Russia and CIS
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Russian & CIS Private Equity and Venture Capital
March 18th, 2012
in Private Equity, Russia and CIS |
Every spring, the key players of the Russian &CIS private equity industry gather along to discuss and ensure the most effective strategies for making the best investment decisions.
An in-depth, direct market research with a carefully identified target audience allows us to identify the hottest Programme topics and to secure the participation of top dealmakers. We are delighted to invite you to join an elite group of practitioners who have already confirmed their participation in
What makes this Forum the largest gathering of Russian & CIS markets professionals?
- Over 1200 market leaders participated since inception;
- Over 150 most notable investors, fund-of-funds and private equity fund managers confirmed to attend this year;
- 50+ speakers with an impressive track record of real dealmaking;
- Two highly practical Master-Classes on “International Tax Structuring for Russian & CIS Inbound and Outbound Private Equity Investments” and “Tools and Techniques for Pricing a Target Company”;
- New extended coverage of rapidly growing venture capital investments and opportunities in the fast developing digital world in Russia;
- First-hand information from the developers of the new law introducing the concept of Limited Liability Partnership in Russia as a new form of business ownership
Tags: c5, Private Equity, Russia and CIS
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4th Russia and CIS Summit on Anti-Corruption
March 17th, 2012
in Anti-Corruption / FCPA, Legal, Legal Conferences, Legal Conferences, Russia and CIS |
Implementation of anti-corruption legislation fundamentally changes the approach of global corporations to conduct business. Not far behind is your klmpaniya in this matter? Visiting a key regional event on anti-corruption compliance, will allow you to keep abreast of issues related to compliance with the requirements of the law.
Join your fellow delegates, “the key to Russia and the CIS anti-corruption compliance in the event.” You will be given a unique opportunity to interact with leaders and replication of best practices. For the 4th time in Russia and CIS Summit on Antikorruatsii conducted by the American Conference Institute, will provide you with comprehensive practical information about the global challenges related to compliance with anti-corruption laws, as well as the detection of bribery schemes and mitigating your compliance risks.
Actuation of the U.S. corrupt activities abroad is gaining momentum, while the UK bribery law, and a new Russian anti-corruption law makes international corporations fundamentally rethink approaches to compliance programs. At the same time, the risks of bribery and corruption in Russia and CIS countries are still extremely high. According to the Corruption Perceptions Index by Transparency International among the 28 largest world countries, in November 2011, Russia’s corruption indicators have fallen to the lowest level since 2007. Russia remains one of the most corrupt countries in the developed world. This figure and the establishment of business once again serves as a reminder of precautions for companies considering investment in the region. This exclusive and strategic conference will bring together international professionals in the field of corporate ethics and internal controls, lawyers and government officials.
The updated program in 2012 will provide you with objective information on how to:
- Identify the circuit structure, the hidden actors and questionable deals with high risk of corruption
- Develop a robust compliance monitoring by third parties to obtain reliable data
- to act in the case of inspections by local authorities (practical experience for the preparation of responses to the facts of the investigation of corruption by local authorities)
- Rate this unique, elevated risk factors of minority joint ventures
- Bring in compliance with Russian law on competition with the anti-corruption laws of the United States post-Novo Nordisk
- to avoid falling into the “trap of bribery” CEOs
- Minimize the risk of exposing the perpetrators of official investigations of post-Dodd-Frank
Tags: anti corruption, Anticorruption, c5, Legal, Legal conference, legal conferences, Legal Events, Russia and CIS
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Russian Power
March 7th, 2012
in Energy, Legal Conferences, Russia and CIS |
The ninth annual forum of C5 is certainly a unique and invaluable opportunity for you and your colleagues meet with major energy producers and consumers, regulators and representatives of the financial sector. We take into account your wishes from the past year in developing the new program.
This forum has once again serve as a platform to meet leading experts through interactive discussions and presentations will provide practical guidance for the successful development of your company and conduct a critical analysis of the problems facing the industry.
Why is this forum is one of the key annual events in the electricity sector?
- New themes, including “the use of anti-corruption standards in the company and their impact on the risks of corruption.”
- Practical examples and winning strategies of electric power companies to attract financing.
- Advanced session “Improving the efficiency of investment and operations and network marketing companies” and “How to stimulate more investment in technical re-generation with simultaneous decommissioning of existing facilities.”
- Over 1,000 participants have taken part since its launch six years ago.
- More than 100 participants expected to attend this year.
For more information, check the link below:
http://www.c5-online.com/files/pdf/marketing/694W12-MOS-E.pdf
Transfer Pricing
February 25th, 2012
in Legal, Legal Conferences, Legal Conferences, Russia and CIS |
Russian tax legislation and its enforcement is once again on the verge of a large-scale transformation. New regulations governing transfer-pricing is expected to lead to significant changes in tax administration and tax planning within companies. Increasing legislative pressure is forcing companies to reconsider the established practice of settlements between internal divisions and subsidiaries, and prepare well in advance of new regulation. Effective tax planning that is compliant with the new requirements will be a key success factor in resolving tax disputes.
Increasing legislative pressure is forcing companies to reconsider the established practice of settlements between internal divisions and subsidiaries, and prepare well in advance of new regulation. Effective tax planning that is compliant with the new requirements will be a key success factor in resolving tax disputes.
C5’s practical conference”Transfer pricing” will provide you with the guidelines and tools for successful tax planning so that you can ensure that your company is fully prepared for the forthcoming changes. By attending this conference you will:
- Learn the latest trends in transfer pricing and keep up with latest government requirements
- Prepare your organization for enforcement of the new national transfer pricing rules
- Ensure your existing business practices comply with the latest legislative changes
- Establish tax compliant transfer pricing and internal control systems
- Get practical guidance on tax risk mitigation strategies and develop efficient tax policies within your organization Facilitate tax-efficient engineering of your supply chain
Tags: c5, Legal, legal conferences, Legal Events, Russia and CIS
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C5’s 2nd Forum on Customs Compliance in Russia & CIS
February 20th, 2012
in Legal Conferences, Legal Conferences, Russia and CIS |
Trade and customs regulatory environment in Russia has recently changed with Russia’s accession to the World Trade Organisation (WTO) on December 16 2011 after almost 18 years of negotiation.
As a bargain for its accession, Russia has committed to reduce its average bound duties from the currently applicable 10 per cent to 7.8 per cent. The average tariff ceiling for agriculture products will be 10.8 per cent, while those for manufactured goods will be 7.3 per cent. Russia will have to remove all quantitative restrictions on imports, such as quotas, bans, permits, prior authorization and licensing requirements that are incompatible with the WTO. Russia has agreed to make all of its health & safety regulations compliant with the WTO Agreement on Sanitary and Phyto-Sanitary Measures. Also, technical regulations, standards and certification requirements will be aligned with WTO Agreement on Technical Barriers to Trade.
While changes brought by WTO membership are waiting to be announced, further steps of Russia’s, Belarus’ and Kazakhstan’s Customs Union integration which goes in line with EurAsES development are on the way. Although challenges with implementation of the new rules postponed many of the anticipated changes, unified rules on customs tariffs and non-tariff measures are slowly taking place and they will greatly facilitate the trade in the region. As a trade and customs executive accountable to your organisations operations in Russia and CIS, you should not only be aware of the latest regulatory developments but also gain the crucial insights as to how they will impact your day –to-day compliance work and what best practices you should implement to reduce your compliance risks.
C5′s Forum on Customs Compliance in Russia & CIS is tailored to ensure that companies will be provided with the most important developments, practical insights and industry’s perspective you need to know to make sure you control your potential customs compliance risks and maximise your returns.
Topics will include:
- Practical changes on market access rules brought by WTO membership
- Updates on EurAsES development
- Practical steps for obtaining the Authorised Economic Operator status under the Customs Union
- Unified Technical Regulations and Standards implementation in Customs Union and how they will correlate with WTO rules?
- How best to resolve classification and valuation disputes with local customs officials
- New transfer pricing rules and how they will affect customs valuation procedures
- Implementing and running a compliance procedures related to operations in Russia and CIS
Tags: c5, legal conferences, Legal Events, Russia and CIS
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Russian Ports
February 19th, 2012
in Legal Conferences, Legal Conferences, Russia and CIS |
The liberalization of international trade regulation and the accession of Russia into the WTO are designed to increase cargo turnover of Russian ports and significantly influence development of the entire port industry.
According to the Ministry of Transport, cargo turnover in Russian seaports is expected to grow by 46% by 2016 compared to 2010 and will total 770 million tons. However, according to estimations, the capacity of Russian seaports by 2016 will amount to only 15% of the total reserve. As a result, market participants face the problem of balancing the development of the entire logistics infrastructure in order to increase the turnover capacity of the transport sector.
“RUB 430 bn. will be invested in the development of the port industry by 2015, RUB 300 bn. of which will come from non-budgetary funds” , Igor Levitin, Minister, Ministry of Transport of Russia
Growth of world trade is almost inevitable in the long term, but is Russia’s transport infrastructure ready for a new economic boom? The Russian ports industry is facing the challenge of preparing for post-crisis growth in trade volumes but preparation should be taking place now.
C5’s Fifth International Forum “Russian Ports” will bring together senior Government officials, port operators, stevedoring and container companies, cargo owners and cargo consignors, as well as global and Russian investors and financiers, to discuss the critical concerns facing the sector, including:
* How to prepare for future growth in trade where goods are transported by sea
* How to ensure the integrated development of ports infrastructure with the surrounding areas
* How to increase the efficiency of the land use in the ports industry: creation of industrial and free economic zones
* How to ensure effective communication of information between state bodies and international trade companies
Tags: c5, legal conferences, Legal Events, Russia and CIS
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Back- office: Processing Structured Derivatives in Russia
February 2nd, 2012
in Legal, Legal Conferences, Russia and CIS |
Trying to keep pace with the rapid development of the market and changes in the regulatory framework, back-office financial institutions in Russia faces significant operational difficulties. New accounting rules, the emergence of more complex products and the absence of a fully integrated automated systems, allowing for STPsignificantly complicates the process of tracking transactions in derivatives and increases operational risks.
Quality, speed, ability to adapt quickly to changing market conditions and effectively launch new products have always been the main difficulties in the back office, and this is particularly important when the derivatives market is actively developing and bringing new structured products. From the back office, in turn, is expected to fully operational training support these products with the lowest cost. Effective management of back-office opens huge, and under an hour hidden opportunities to improve operational performance, reduce costs and increase customer loyalty, which in turn affects the profitability of the bank and creates a competitive advantage for your organization in the market.
“ Back-office: support of transactions in derivatives and structured products “- this is the second annual conference of the C5, specially designed for professional back office to track transactions with PFI, Fiss and structured products. The conference will provide you the not only the review of problematic aspects of regulation, registration, recording and reporting of transactions in derivatives, but also practical examples and discussions with market participants.
What’s new?
- Even more time and attention paid to problems of internal accounting and derivative financial instruments and derivatives.
- Traditional interactive panel discussions are replaced by the working groups established to discuss case studies and exchange of ideas and jointly develop solutions to emerging problems in everyday practice.
Benefits of participation:
- Improve your own practice transaction in derivatives, learn what steps have been taken by other companies before, during and after the process of introducing a new product
- Learn from the successes and failures of registration, recording and reporting PFI transactions and structured products, while leading the market will provide you practical examples of approaches used by them and share their opinions about what they might do differently
- Direct communication with colleagues will help you find ways to overcome challenges associated with the support of transactions in derivatives and equip new ideas that you can bring into their organization
Do not miss this unique opportunity to enrich their experiences, comparing their achievements with the achievements of colleagues to join in on hot discussions and getting the necessary information from “first hand”
2 Nd Annual Forum
Back-office: Processing Derivatives and Structured Products in Financial Institutions in Russia
19-20 April 2012, Moscow
Back offices of financial institutions in Russia are facing significant operational challenges in keeping abreast of dynamic market developments and changes in the governing regulatory framework. New accounting rules, launch of new products and the absence of fully integrated IT platforms allowing STP, makes derivatives processing and reporting ever more complicated and operationally risky.
This is particularly marked Challenge During a Significant Growth times of new structured products When Are Entering the market and Today, pressures on Back Offices Are Greater Than Ever. However, ensuring Effective Back Office Operations offer Immense, untapped Opportunities for Increased Efficiency, Lower Costs and enhanced customer loyalty; which in turn drives the profitability of the financial institution – essential in this competitive market.
C5′s 2nd annual “Back Office: Processing Structured Derivatives in Russia” is designed especially for back office professionals processing derivatives transactions and structured products. The conference will provide you with in-depth guidance on all aspects of derivatives regulation and reporting, valuable insights from regulators as well as case studies and discussions for leading market players and service providers who will share practically focused strategies.
New this year:
- Accounting Standards new: More Than Ever Focused closely on the Problems Faced in the area of structured products and Derivatives Accounting and Reporting
- Traditional panel discussions are replaced with interactive working groups: you will have the opportunity to work together with your peers in solving real life derivatives processing challenges, providing you with a practical understanding of issues discussed at the event – and a plan to take back to the office and implement straight away.
Benefits of attendance :
- Improve your own derivatives processing practices by learning what steps your competitors took before, during and after setting up new products
- Learn from others’ derivatives and structured products accounting and reporting successes and failures as market leaders present the approaches they used and what they may have done differently
- Find out how to correctly report even the most challenging contracts to avoid unwanted consequences
Tags: c5, legal conferences, Legal Events, Russia and CIS
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Corporate Governance in CEE, Russia & Turkey
January 13th, 2012
in Financial Services, Legal Conferences, Russia and CIS |
Recent challenging times have tested companies, which is evident from their deficiencies in business models and failure to implement the key principles of corporate governance. Investors have become extremely cautious with their investment decisions, particularly in developing markets, due to the lack of transparency and accountability of investors’ interests, and inherent corrupt practices.
Nevertheless, emerging markets, particularly Central and Eastern Europe and Turkey, are still of great interest to investors as they indicate greater growth potential and higher returns. In order to attract capital, remain competitive and ensure credibility of their business, companies must seek to establish exceptional corporate governance standards.
Recent studies reveal that over 84% of investors will pay a premium for the shares of a well-governed company. It is more important than ever to get up-to-speed on your corporate governance practices to respond to potential opportunities within your business and stay ahead of your competitors in today’s ever-expanding, demanding and lucrative markets.
C5’s inaugural forum on Corporate Governance in CEE, Russia & Turkey on 31 January – 1 February 2012, Warsaw, Poland will bring together an exceptional faculty of investment experts, top corporate executives, and government officials. This MUST attend event will provide you with an important opportunity to hear from the experts and obtain invaluable information and insights on critical issues, including:
• Solutions for improving corporate governance practices and complying with the regulations across the CEE region
• Identifying and mitigating the key corporate governance risks for investors
• How to attract capital and secure long-term growth through corporate governance techniques
• Benchmark your corporate governance practices with those of your competitors
• Raising your business performance by developing efficient corporate governance framework
• Information disclosure and transparency: measuring and managing disclosure procedures
• What do investors look for in the disclosure and how can companies contribute to the informed access to capital?
Tags: CLE, legal conferences, Legal Events, Russia, Russia and CIS
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