The Second Quarter 2010 edition of the Russian Legal Update reviews recent developments including:
- a new medicines law clarifying state registration procedures and opening the door to adoption of GMP standards;
- new tax rules governing derivatives, repo transactions, and other securities transactions;
- a new draft law that would impose tighter regulation over the insurance industry;
- proposed amendments to the LLC Law and to the JSC Law in relation to net assets; and
- draft legislation regarding microfinance.