Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 29.12.2009

Federal Law No. 380-FZ of December 28, 2009 on the Amendments to the Code of Administrative Violations of the Russian Federation

Refines admissibility of cases of administrative violations.

Federal Law No. 366-FZ of December 27, 2009 on the Amendment to Article 2 of the Federal Law on the Amendments to the Federal Law on the State Regulation of Production and Circulation of Ethyl Alcohol, Alcoholic and Alcohol-Containing Items and on the Invalidation of Individual Provisions of the Federal Law on the Amendments to the Federal Law on the State Regulation of Production and Circulation of Ethyl Alcohol, Alcoholic and Alcohol-Containing Items

Shifts to March 1, 2010 the deadline entering into force the requirement of full processing of draff in production of ethyl alcohol.

Federal Law No. 365-FZ of December 27, 2009 on the Amendments to Individual Legislative Acts of the Russian Federation in View of the Improvement of Activities of the Bodies of State Power of the Subjects of the Russian Federation and the Bodies of Local Government

The amendments pertain to protection of rights of legal entities and entrepreneurs in the course of checks.

Federal Law No. 364-FZ of December 27, 2009 on the Amendments to Individual Legislative Acts of the Russian Federation

The amendments pertain to the use, protection, reproduction, prospecting and development of natural resources of internal sea waters, territorial sea, adjacent zone, exclusive economic zone and the continental shelf of the Russian Federation.

Federal Law No. 363-FZ of December 27, 2009 on the Amendments to Articles 19 and 25 of the Federal Law on the Personal Information

Excludes the requirement of the use of the means of encoding in the course of processing of personal information.

Federal Law No. 362-FZ of December 27, 2009 on the Amendments to Articles 8 and 26 of the Federal Law on the Obligatory Insurance of Civil Liabilities of Owners of Transport Vehicles

Refines the procedure of determination of the structure of insurer expenses for the obligatory insurance of civil liabilities of owners of transport vehicles.

Federal Law No. 361-FZ of December 27, 2009 on the Amendments to the Federal Law on the Additional Measures of Support of the Financial System of the Russian Federation

The goal of the changes is further support of the financial system in the presence of the crisis.

Federal Law No. 360-FZ of December 27, 2009 on the Amendment to Article 8 of the Federal Law on the Status of the Science Town of the Russian Federation

Refines the procedure of granting of state support to Russian science towns.

Federal Law No. 358-FZ of December 27, 2009 on the Amendments to Article 5 of the Federal Law on the Science and State Scientific and Technical Policy

Refines the terms of assigning of the status of a state scientific centre to a science organisation.

Federal Law No. 354-FZ of December 27, 2009 on the Amendments to Articles 14, 33, 36 of the Federal Law on Advertising

Introduces certain restrictions for the federal TV channels to choose contractors to conclude contracts of dissemination of TV promotion materials.

Federal Law No. 352-FZ of December 27, 2009 on the Amendments to Individual Legislative Acts of the Russian Federation Revising Restrictions for Economic Companies in the Forming of the Registered Capital, Revising the Methods of Protection of Rights of Creditors in the Cases of Reduction of the Registered Capital, Changing the Requirements to Economic Companies in the Cases of Incompliance of the Registered Capital with the Cost of Net Assets, Revising the Restrictions Pertaining to Issuance of Bonds by Economic Companies

In the cases of increase of the registered capital, limited-liability companies are permitted to offset monetary claims to the company as contributions. Joint-stock companies may increase the registered capital to cover their losses.

Federal Law No. 351-FZ of December 27, 2009 on the Amendments to Article 3 of the Federal Law on the Entry into Force of the Land Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

The amendments shift the deadline for the land disposal prohibitions from January 1, 2010 to January 1, 2012.

Direction of the Central Bank of Russia No. 2330-U of November 11, 2009 on the Procedure to Introduce a Prohibition to Attract Monetary Resources of Natural Persons in Deposits and Open Bank Accounts for Natural Persons

Specifies a new procedure for the Bank of Russia to introduce a prohibition to attract in deposits monetary resources of natural persons and open bank accounts to citizens for the bank registered in the deposit insurance system.

Decision of the Government of the Russian Federation No. 1091 of December 25, 2009 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Commodities of Oil Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

Reduces the rates of export customs duties for raw oil and individual categories of oil exported outside the member-states of the Customs Union agreements.

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