Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 6.05.2003

Order of the Ministry of Justice of the Russian Federation No. 100 of April 22, 2003 on the Endorsement of the Charter of the State Institution "State Registration Chamber" of the Ministry of Justice of the Russian Federation

The chamber is a legal entity in charge of the accreditation of representations and branches of foreign companies, keeping of their registers, registration of Russian investments abroad, as well as the keeping of the state register of normative legal acts of the federal bodies of executive power.
Registered in the Ministry of Justice of the Russian Federation on April 29, 2003. Reg. No. 4457.

Order of the State Customs Committee of the Russian Federation No. 314 of March 26, 2003 on the Endorsement of the Regulation on the Institution of the Customs Warehouses by the Customs Bodies of the Russian Federation and on Their Functioning

Defines the particulars of institution and functioning of the customs warehouses with the owners being the customs bodies of the Russian Federation, as well as the particulars of the customs registration of commodities declared for storage and stored in such warehouses.
The customs body owning the warehouse must observe sanitary rules, norms of storage, rules of commodity vicinage and storage regime, requirements of state standards, observe other specified requirements and terms in the sphere of services in commodity storage.
The Order also provides the form of the warehouse slip and it filling procedure.
The Order is entered into force 30 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on April 28, 2003. Reg. No. 4455.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 4 of April 8, 2003 on Some Issues Pertaining to the Entering into Force of the Federal Law on Insolvency (Bankruptcy)

Explains some issues of judicial practice pertaining to the application of the law on insolvency (bankruptcy) having entered into force from December 3, 2002 with exceptions.
Since the Law applies to all legal entities (except for the official enterprises, institutions, political parties and religious organisations), the cases of insolvency of these legal entities fall in the jurisdiction of the courts of arbitration. The Decision explains the procedure of endorsement by the courts of the candidate bankruptcy managers. Special attention is paid to the consequences of the changing of the legal status of lien creditors and the priority of satisfaction of creditor claims.
Also defines the particulars of revising of the earlier adopted rulings and conclusion of a peace accord during the bankruptcy procedure.

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