Monitoring of the Federal Legislation dated 17.12.2002

Ruling of the Constitutional Court of the Russian Federation of December 16, 2002 on the Termination of Proceedings in the Case of Constitutionality of Article 1062 of the Civil Code of the Russian Federation Pursuant to the Appeal of the Commercial Joint-Stock Bank "Bank Societe Generale East"

The Constitutional Court of the Russian Federation has found out that Article 1062 of the Civil Code of the Russian Federation does not prevent from judicial protection of claims originating in the forward payment contract - if in its essence it is in compliance with the civil criteria of transactions with claims subject to judicial protection - and as such may not be regarded as violating the right for judicial protection.
Earlier, the courts refused to satisfy lawsuits under forward contracts, including those concluded before the crisis of 1998, stating that the deals concluded by the parties are of gaming nature falling under Article 1062 of the Civil Code of the Russian Federation stating that claims pertaining to organization of games and betting or participation in them are not eligible to court protection.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-22/647 of November 12, 2002 on the Endorsement of the Form of the Tax Declaration for the Uniform Tax Paid Out in View of the Application of the Simplified System of Taxation and Its Filling Procedure

To implement the provisions of Chapter 26.2 "Simplified System of Taxation" of the Tax Code of the Russian Federation, endorses the form of the tax declaration for the uniform tax paid out in view of the application of the simplified system of taxation and its filling procedure.
Registered in the Ministry of Justice of the Russian Federation on December 9, 2002. Reg. No. 4010.

Order of the State Customs Committee of the Russian Federation No. 1207 of November 19, 2002 on the Amendments to the Order of the State Customs Committee of Russia No. 186 of February 26, 2002

The Order of the State Customs Committee of the Russian Federation No. 186 of February 26, 2002 on the places of customs registration of commodities of individual category in Moscow and the Moscow Province does not apply to commodities qualified as products of military destination or subject to export control and exported under licenses of the Committee of the Russian Federation for Military and Technical Cooperation with Foreign States or the Ministry of Economic Development of the Russian Federation.
Registered in the Ministry of Justice of the Russian Federation on December 11, 2002. Reg. No. 4027.

Direction of the Central Bank of Russia No. 1208-U of November 18, 2002 on the Accepting As Security of the Credits of the Bank of Russia of the Bonds of the Federal Loan with Debt Amortization and Bonds of the Federal Loan with Variable Coupon Income Sold by the Bank of Russia from Its Portfolio under Redemption Obligation

Lists the types of securities accepted as security of the credits of the Bank of Russia and specifies the dates of their redemption.
The Direction is entered into force 10 days after the day of publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on December 11, 2002. Reg. No. 4025.

Order of the Ministry of Finance of the Russian Federation No. 115n of November 19, 2002 on the Endorsement of the Accounting Regulation PBU 17/02 "Registration of Expenses for Scientific Research, Experimental and Design and Technological Works"

Sets forth the rules of building in accounting records and accounting reports of commercial organizations (except for credit organizations) of information on expenses pertaining to scientific research, experimental and design and technological works carried out with own resources or under the contract. The Regulation applies to the works with results subject to legal protection but not registered or not subject to legal protection.
Information on expenses for the mentioned works is reflected in accounting work as investments in non-current assets. The Order lists the conditions permitting to accept these expenses in accounting work. Defines the composition of expenses, procedure of writing them off, as well as the procedure of disclosing of information.
The Order is entered into force from January 1, 2003.
Registered in the Ministry of Justice of the Russian Federation on December 11, 2002. Reg. No. 4022.

Official Explanation of the Central Bank of Russia No. 25-OR of December 10, 2002 on the Application of Provisions of Chapter 20 of the Instruction of the Bank of Russia No. 75-I of July 23, 1998 on the Procedure of Application of the Federal Laws Regulating the Procedure of Registration of Credit Organizations and Licensing of Banking Activities

Explains the issues of notification of creditors of the change of the place of location of the credit organization other than the moving to a new residential settlement.
As a confirmation of the notification of all creditors submitted to the territorial institution of the Bank of Russia may serve information on the publication in mass media of the report of the adopted decision with simultaneous placing in locations accessible to creditors of appropriate information in the parent organization, in all separate and other structural divisions of the credit organization and the written report to foreign creditors. The mentioned procedure applies if the charter of the credit organization does not envisage another procedure of notification of creditors.