Russian Legal Update

May 14, 2010

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.