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 10.03.2010

Federal Law No. 26-FZ of March 9, 2010 on the Amendments to Article 32 of the Federal Law on the Electric Power Supply Industry

The goal is to engage oil gas in economic turnovers for a more rational use of this raw material.

Federal Law No. 25-FZ of March 9, 2010 on the Amendments to the Federal Law on the Fund of Assistance of Reformation of the Housing and Communal Sector and Article 4 of the Federal Law on the Amendments to the Federal Law on the Fund of Assistance of Reformation of the Housing and Communal Sector and the Federal Law on the Participation in the Shared Construction of Apartment Houses and Other Objects of Immovable Property and on the Amendments to Some Legislative Acts of the Russian Federation and on Invalidation of Individual Provisions of Legislative Acts of the Russian Federation

The amendments are aimed at development of construction of low-rise homes.

Federal Law No. 24-FZ of March 9, 2010 on the Amendments to the Federal Law on the Procedure of Exit from the Russian Federation and Entry to the Russian Federation

Simplifies the entry to Russia for foreigners and stateless persons whose parents or spouses are citizens of Russia.

Federal Law No. 22-FZ of March 9, 2010 on the Amendment to Article 3 of the Federal Law on the Mortgage Securities

Refines the requirements to the mortgage credits included in the mortgage coverage of bonds.

Federal Law No. 20-FZ of March 9, 2010 on the Amendments to Individual Legislative Acts of the Russian Federation on the Issues of Reimbursement of Procedural Expenses

Introduces uniform rules of reimbursement of procedural expenses.

Decision of the Government of the Russian Federation No. 125 of March 4, 2010 on the List of Personal Information Recorded on Electronic Media Available in the Main Identification Documents of the Citizens of the Russian Federation Used to Exit the Russian Federation and Enter the Russian Federation

Identification documents of Russian citizens may contain electronic media with recorded personal information.

Decision of the Government of the Russian Federation No. 121 of March 4, 2010 on the Endorsement of the Regulation on the Licensing of Commodity Exchanges on the Territory of the Russian Federation

Introduces a new procedure of issuance, revocation and suspension of licenses for exchange activities.

Decision of Government of the Russian Federation No. 111 of March 2, 2010 on the Endorsement of the Regulation on the Licensing of Activities of Exchange Mediators and Exchange Brokers Concluding Contracts Being Derivative Financial Instruments Where the Basic Asset Is Exchange Commodity

Introduces a new procedure of issuance, redrawing, suspension and revocation of the above licenses.

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