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Doing business in Russia:  Legal perspective  <ul><li>Svetlana London  </li></ul><ul><li>LLB (Hons) Law from Moscow State ...
Presentation outcomes <ul><li>To look at the IP rights regulation </li></ul><ul><li>To analyse various business vehicles <...
Part 1: Introduction to the Russian IP Law   <ul><ul><li>Major legislative changes  </li></ul></ul><ul><ul><li>Section 4 o...
Part 1: Scope of protection:  <ul><ul><li>Copyrights;  </li></ul></ul><ul><ul><li>Trademarks; </li></ul></ul><ul><ul><li>S...
Part 1:  Transfer of the  Exclusive rights   <ul><ul><li>Assignment or License? </li></ul></ul><ul><ul><li>Requirements to...
Part 1: How IP rights are protected  <ul><ul><li>it is an criminal offence to violate the rights of  an author  or  an own...
Part 1: Conclusion <ul><ul><li>Comprehensive  regulation of the IP rights and </li></ul></ul><ul><ul><li>Possible future d...
Part 2:  Structuring business in Russia  <ul><li>Choice between: </li></ul><ul><ul><li>Branch  and </li></ul></ul><ul><ul>...
Part 2:  Branch office   (1) <ul><li>Requirements  </li></ul><ul><ul><li>branch office accreditation and  </li></ul></ul><...
Part 2:  Branch office   (2) <ul><li>Provides  </li></ul><ul><ul><li>strong control over the branch </li></ul></ul><ul><ul...
Part 2:  Subsidiary   <ul><ul><li>Two types  ownership </li></ul></ul><ul><ul><li>Here we have  two independent legal enti...
Part 2:  How to make a choice (1)   <ul><li>Taxation as a starting point  </li></ul><ul><ul><li>Is a business vehicle  a p...
Part 2:  How to make a choice (2) <ul><li>Also consider the  UK/Russia Double taxation convention  </li></ul><ul><li>What ...
Part 2: Rules in regard to individuals (1) <ul><li>Main issues are </li></ul><ul><ul><li>taxation </li></ul></ul><ul><ul><...
Part 2: Rules in regard to individuals (2) <ul><li>Other considerations </li></ul><ul><ul><li>language and culture differe...
Part 3:  Attention  to the new developments <ul><ul><li>at moment  it is not possible in practice  for foreign issuers to ...
Conclusions   <ul><ul><li>New regulations of the IP rights have been introduced in 2008 </li></ul></ul><ul><ul><li>Though ...
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Doing Business In Russia

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This speech was delivered by Svetlana London at the ‘Opportunities: Russia’s Blossoming Creative Industries Environment’ event, October 2008, Pushkin House, London

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Doing Business In Russia

  1. 1. Doing business in Russia: Legal perspective <ul><li>Svetlana London </li></ul><ul><li>LLB (Hons) Law from Moscow State University </li></ul><ul><li>GDL in English Law </li></ul><ul><li>Consultant in Russian Law </li></ul>
  2. 2. Presentation outcomes <ul><li>To look at the IP rights regulation </li></ul><ul><li>To analyse various business vehicles </li></ul><ul><li>To consider other developments </li></ul>
  3. 3. Part 1: Introduction to the Russian IP Law <ul><ul><li>Major legislative changes </li></ul></ul><ul><ul><li>Section 4 of the Russian Civil Code </li></ul></ul><ul><ul><li>Provisions of the Russian Criminal Code and Administrative Offences Code remain unchanged. </li></ul></ul>
  4. 4. Part 1: Scope of protection: <ul><ul><li>Copyrights; </li></ul></ul><ul><ul><li>Trademarks; </li></ul></ul><ul><ul><li>Software rights; </li></ul></ul><ul><ul><li>Rights of co-authors; </li></ul></ul><ul><ul><li>Rights in regard of data bases; </li></ul></ul><ul><ul><li>Rights on audiovisual works; </li></ul></ul><ul><ul><li>Rights on the works made in course of employment. </li></ul></ul>
  5. 5. Part 1: Transfer of the Exclusive rights <ul><ul><li>Assignment or License? </li></ul></ul><ul><ul><li>Requirements to the form of an agreement </li></ul></ul><ul><ul><li>State registration of the agreement may be required </li></ul></ul>
  6. 6. Part 1: How IP rights are protected <ul><ul><li>it is an criminal offence to violate the rights of an author or an owner of neighbouring rights </li></ul></ul><ul><ul><li>it is an criminal offence to violate the rights of an inventor or a holder of a patent </li></ul></ul><ul><ul><li>it is an criminal offence to use a trade mark without due authorisation </li></ul></ul>
  7. 7. Part 1: Conclusion <ul><ul><li>Comprehensive regulation of the IP rights and </li></ul></ul><ul><ul><li>Possible future developments in this area </li></ul></ul><ul><ul><li>Next – a look at business structures </li></ul></ul>
  8. 8. Part 2: Structuring business in Russia <ul><li>Choice between: </li></ul><ul><ul><li>Branch and </li></ul></ul><ul><ul><li>Subsidiary </li></ul></ul>
  9. 9. Part 2: Branch office (1) <ul><li>Requirements </li></ul><ul><ul><li>branch office accreditation and </li></ul></ul><ul><ul><li>tax registration </li></ul></ul>
  10. 10. Part 2: Branch office (2) <ul><li>Provides </li></ul><ul><ul><li>strong control over the branch </li></ul></ul><ul><ul><li>potential liability of the parent entity </li></ul></ul><ul><ul><li>liability of the branch </li></ul></ul>
  11. 11. Part 2: Subsidiary <ul><ul><li>Two types ownership </li></ul></ul><ul><ul><li>Here we have two independent legal entities </li></ul></ul><ul><ul><li>The parent company may incur joint liability with the subsidiary </li></ul></ul>
  12. 12. Part 2: How to make a choice (1) <ul><li>Taxation as a starting point </li></ul><ul><ul><li>Is a business vehicle a permanent establishment or an independent agent ? </li></ul></ul>
  13. 13. Part 2: How to make a choice (2) <ul><li>Also consider the UK/Russia Double taxation convention </li></ul><ul><li>What taxes are the subject to the Convention? </li></ul><ul><ul><li>UK taxes </li></ul></ul><ul><ul><li>Russian taxes </li></ul></ul>
  14. 14. Part 2: Rules in regard to individuals (1) <ul><li>Main issues are </li></ul><ul><ul><li>taxation </li></ul></ul><ul><ul><li>obtaining business visas/work permits </li></ul></ul>
  15. 15. Part 2: Rules in regard to individuals (2) <ul><li>Other considerations </li></ul><ul><ul><li>language and culture differences </li></ul></ul><ul><ul><li>necessity for specialised legal advice </li></ul></ul>
  16. 16. Part 3: Attention to the new developments <ul><ul><li>at moment it is not possible in practice for foreign issuers to place their securities on the Russian market directly </li></ul></ul><ul><ul><li>a bill has been introduced to adopt a new regulatory mechanism </li></ul></ul><ul><ul><li>what are the provisions of the bill? </li></ul></ul>
  17. 17. Conclusions <ul><ul><li>New regulations of the IP rights have been introduced in 2008 </li></ul></ul><ul><ul><li>Though many areas of Russian law are in the process of development Russia can provide interesting opportunities for businesses </li></ul></ul><ul><ul><li>Choice of a business vehicle depends on the level of control the company would like to have over a vehicle established in Russia </li></ul></ul><ul><ul><li>There other significant developments such as an initiative to allow foreign issuers a direct access to the Russian market </li></ul></ul>

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