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 7.02.2007

Federal Constitutional Law No. 2-FKZ of February 5, 2007 on the Amendments to the Federal Constitutional Law on the Constitutional Court of the Russian Federation

The place of permanent stay of the Constitutional Court of the Russian Federation now becomes St.Petersburg instead of Moscow. A representation of the Constitutional Court of the Russian Federation will be created in Moscow.
      The Federal Constitutional Law is entered into force from the day of its official publication except for individual provisions where another time limit for entry into force is specified.

Federal Law No. 13-FZ of February 5, 2007 on the Particulars of Management and Disposal of the Property and Stocks of Organisations Engaged in Activities of Use of Nuclear Power and on the Amendments to Individual Legislative Acts of the Russian Federation

The Federal Law provides for legal regulation of particulars of relations emerging in the course of management and disposal (including privatisation) of the property and stocks of organisations of the nuclear power supply complex of the Russian Federation. The Law envisages opportunities of placing nuclear plants, nuclear materials and points of their storage both in the federal property and the property of legal entities.

Federal Law No. 12-FZ of February 5, 2007 on the Amendments to the Federal Law on the Fundamentals of Tourist Activities in the Russian Federation

Changes the methods of state interference in the tourist business to provide for financial protection of the rights and legal interest of consumers of tourist services whenever the licensing of tourist agency and tourist operator activities is terminated from January 1, 2007.
      The Federal Law is entered into force from June 1, 2007 except for the provisions on the amount of financial security to be entered into force from June 1, 2008. Before this moment, the amount of financial backing for the sphere of international tourism must make Rbl 5 million, Rbl 500,000 for internal tourism and Rbl 5 million for both the internal and international tourism.

Federal Law No. 11-FZ of February 5, 2007 on the Amendments to Article 16 of the Federal Law on the Circulation of Lands of Agricultural Destination

The time limit for the redrawing of lease contracts for the land portions concluded before January 27, 2003 is prolonged till January 27, 2009 (the previous time limit expired on January 27, 2007).

Federal Law No. 10-FZ of February 5, 2007 on the Amendments to the Law of the Russian Federation on the Institutions and Bodies Executing Criminal Punishments in the Form of Imprisonment and to Individual Legislative Acts of the Russian Federation

Territorial bodies of the criminal execution system are authorised to define in coordination with the bodies of local government of municipal regions or the bodies of local government of urban districts the boundaries of territories adjacent to the subordinate institutions where the Ministry of Justice of Russia introduces regime requirements in coordination with the Prosecutor General of the Russian Federation.
      Some provisions of the Law are adjusted pursuant to the handing over of educational institutions of the Ministry of Justice of the Russian Federation training specialists of the criminal execution system to the Federal Service of Execution of Punishments.
      To bring the Law on the detention of suspects and the accused in compliance with the norms of international law, abandons the prohibition to use books, newspapers, magazines and other literature when incarcerated.

Federal Law No. 9-FZ of February 5, 2007 on the Invalidation of Paragraph 6 of Item 2 of Part 2 of Article 33 of the Federal Law on the Detention of Suspects and the Accused

Abandons a separate detention of suspects and the accused for foreign citizens (stateless persons) and the citizens of the Russian Federation.

Decision of the Government of the Russian Federation No. 65 of February 3, 2007 on the Amounts of the State Duty for the Actions Committed by the Authorised State Institutions in the Course of the Federal Assay Enforcement

The federal assay enforcement is arranged for the purpose of protection of the rights of consumers of jewellery and other household items of precious metals and precious stones, the rights of producers of such items against unfair competition, as well as the protection of interests of the state.
      The Decision is entered into force one month after the day of its official publication.

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