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A BUSINESSMAN FROM THE KRASNOYARSK TERRITORY BOUGHT OUT A SIBERIAN METALWORK PLANT

The new owner of the Siberian Metal Structures Plant (NWMK-Globalstal) Alexander became a fairy tale. A businessman from the city of Minusinsk purchased the company's property complex at an auction, paying 283 million rubles for it. The lot included 44 property objects, including plots of land in Novosibirsk (about 20 thousand square meters), buildings ...

ROSSTANDART APPROVED GOST FOR WINE LISTS IN RESTAURANTS

The share of Russian wines in the menu of cafes and restaurants in the Russian Federation should be at least 20% of the entire assortment. The corresponding state standard was approved by Rosstandart. The agency also published recommendations on the design of the wine list. For example, the names in the menu should be written in Russian. In addition, the wine list must specify the producer, the grape-growing zone or area, the country of origin, the year of harvest and, of course, the volume...

THE ACTUAL BENEFICIARY OF THE BUSINESS CAN RESPOND WITH LOSSES TO THE CONTROLLED PERSON IN HIS PERSONAL BANKRUPTCY

The creditor applied to the court for inclusion of the claim in the debtor's register (case no. A60-49300/21). The courts of two instances refused to satisfy the application, citing the fact that there was a lease relationship between the debtor and the creditor, but the fact that the debtor caused losses to the creditor has not been proven. The cassation sent the dispute for a new consideration, pointing out that as one of the reasons for refusing to satisfy the stated claims for recognizing the...

THE BUSINESS PROPOSED TO MITIGATE THE EFFECTS OF TAX CHANGES

The Opora Russia business association has proposed to introduce an annual indexation of the income threshold, at which taxpayers of the simplified taxation system (USN) begin to calculate and pay VAT. The relevant initiative was included in the list of proposals to the ...

VTB WILL TRANSFER ASSETS WORTH 170 BILLION RUBLES TO A NEW LEGAL ENTITY

VTB shareholders (MOEX: VTBR) have approved the creation of a separate legal entity to manage blocked assets. This decision was made at an extraordinary meeting. By the end of 2024, the bank intends to transfer assets and debts to creditors from unfriendly countries to a new separate legal entity. The total amount of obligations is up to 170 billion rubles, Kommersant clarifies. As explained in the VTB press service, such a measure will help to increase the efficiency of asset and debt management...

AMENDMENTS WERE MADE TO THE STATE DUMA ON THE RETIRED MEMBERS OF THE BOARD OF DIRECTORS OF A JOINT-STOCK COMPANY OR LLC

The Government of the Russian Federation has proposed 7 conditions that may cause a member of the Board of Directors or supervisory board of an LLC or JSC to be recognized as retired. The relevant bill has been submitted to the State Duma. Among the circumstances proposed in the draft law are the following: bankruptcy; restriction or deprivation of legal capacity; disqualification; own solution; deprivation of the right to hold certain positions or engage in specific activities; death. Also, the...

THE MINISTRY OF JUSTICE EXPANDS THE PREFERENTIAL PROCEDURE FOR PAYING FINES BY BUSINESSES

... check that does not relate to state or municipal control, it is impossible to pay an administrative fine on a preferential basis. The fine can be reduced if a violation is detected at the state control. Such provisions of the law violate the right of business to benefits. To eliminate this contradiction, the Ministry of Justice proposed to determine that a 50% discount is applied upon the commission of a violation, and not its detection during control (supervisory) activities, as is currently the ...

AMERICAN EXPRESS BANK IS BEING LIQUIDATED

American Express Bank (a subsidiary of American Express Company) decided to liquidate instead of selling the business. The corresponding application for liquidation was submitted to the Unified State Register of Legal Entities. At the end of 2022, American Express Bank was on the list of credit institutions that are prohibited from transactions with shares ...

BUSINESS WARNED THE FEDERAL TAX SERVICE ABOUT PROBLEMS WITH TAX AMNESTY

... It is expected that the Government of the Russian Federation and legislators will make appropriate amendments to the Tax Code of the Russian Federation by the end of July this year. According to the president, the law should not allow cases in which business is not interested in development. Andrey Shubin, Executive Director of Opora Russia, drafted an appeal to Dmitry Satin, Deputy head of the Federal Tax Service. The contents of the letter are commented on by RBC. In it, the author points out ...

GERMAN BUSINESS SHOWS RECORDS IN THE NUMBER OF BANKRUPTCIES

...,622 cases of insolvency were officially recorded, which is 27.6% higher than in January 2023. German statistics have been recording such dynamics, showing a double-digit increase in the number of bankruptcies, since the middle of last year. In fact, business has only now returned to the level typical for April 2019 – March 2020, preceding the outbreak of the pandemic. Experts believe that the actual number of bankruptcy cases may reach 20 thousand. The main reasons are the rise in energy prices, ...

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