Publications
"RBK" published a comment by Managing Partner of PB Legal | Panin, Bayramkulov & Partners Alexander Panin on the draft law proposing to transfer the authority to register personal funds from the Ministry of Justice to the Federal Tax Service. The draft law also proposes to exempt personal funds from regular financial inspections and reports.
"RBK" published a comment by Managing Partner of PB Legal | Panin, Bayramkulov & Partners Alexander Panin on the draft law proposing to transfer the authority to register personal funds from the Ministry of Justice to the Federal Tax Service. The draft law also proposes to exempt personal funds from regular financial inspections and reports.
Personal funds operate in Russia as an alternative to foreign private funds and trusts, but are not popular due to the complicated procedure of state registration and regular inspections. The draft law of the Ministry of Economic Development and Trade will significantly simplify the process of establishing personal funds, which are a convenient tool for transferring assets from foreign countries to Russia in the context of sanctions pressure on Russian individuals.
Alexander Panin noted that changes in the legislation on personal funds may encourage the business community to prefer this domestic institution to foreign equivalents, the use of which has recently become increasingly risky and difficult due to the growing pressure of anti-Russian sanctions.
You can read more about the publication at the link.
#TEAMMoscow City Arbitrazh Court enforced the decision of the ICAC at the RF CCI (MKAS) for the benefit of our Client.
Our Client is the largest agricultural enterprise in the Tver region.
Moscow City Arbitrazh Court enforced the decision of the ICAC at the RF CCI (MKAS) for the benefit of our Client.
Our Client is the largest agricultural enterprise in the Tver region. PB Legal team has successfully helped our Client to recover from an unconscientious counterparty the amount of unearned advance payment under the contract, penalties and costs of arbitral proceedings in the ICAC at the RF CCI. To date, we have successfully completed the case and enforced the ICAC award.
The complexity of the dispute was precisely at the exequatur stage: PB Legal team managed to elaborate a strategy that allowed us to fully satisfy our Сlient's claims. The Moscow City Arbitrazh Court ordered to issue a writ of execution and recovered from the opponents the full amount of the penalty without reducing it.
Alan Bayramkulov, Konstantin Galin, Igor Startsev and Yulia Isakova worked on the project.
#WINSAt the claim of a foreign company from an "unfriendly" jurisdiction, the Russian Federal Service for Intellectual Property cancelled the trademark of our Client because it contradicted another trademark with an earlier priority.
At the claim of a foreign company from an "unfriendly" jurisdiction, the Russian Federal Service for Intellectual Property cancelled the trademark of our Client because it contradicted another trademark with an earlier priority. The foreign company also filed complaints for recovery of damages from the companies that had used the Сlient's cancelled trademark.
Our Сlient is Denis Simachev, a famous Russian fashion designer, artist and restaurateur. PB Legal team elaborated a strategy to protect his brand rights. As part of the implementation of this strategy, we filed an opposition with the Russian Federal Service for Intellectual Property regarding the granting of legal protection to the trademark of a foreign company.
Alan Bayramkulov prepared an expert legal opinion on Russian intellectual property law issues, which supported the necessity of cancellation of a foreign company's trademark. This expert opinion became the key to the dispute: on its basis, the Russian Federal Service for Intellectual Property cancelled the trademark of the foreign company, which allowed our Client to retain his rights to the brand.
Cancellation of the opponents' trademark will allow the Client to use his brand in creative and commercial activities.
Alan Bayramkulov and Pavel Chistyakov worked on the project.
#WINSProjects
Representing a client, a Kazakh company, in a dispute over recovery of unearned advance payment and in a counterparty bankruptcy case.
Our Client is a company from Kazakhstan, one of the largest producers of chrome raw materials and ferroalloys in the world. The Client entered into a contractual agreement with a Russian enterprise. The Russian company did not complete the work under the contract, but did not return the unearned advance payment.
Our Client is a company from Kazakhstan, one of the largest producers of chrome raw materials and ferroalloys in the world. The Client entered into a contractual agreement with a Russian enterprise. The Russian company did not complete the work under the contract, but did not return the unearned advance payment. The law applicable to the construction contract is the law of the Republic of Kazakhstan.
PB Legal's team successfully recovered a debt from a contractor in a Russian court. Based on this decision, we initiated bankruptcy of the debtor company. As part of the bankruptcy proceedings, we challenged transactions involving the withdrawal of assets from the company in favour of a controlling person, and initiated a proceeding to bring the controlling persons to subsidiary liability.
In addition, our team is also supporting a litigation to recover in a Russian court under the law of the Republic of Kazakhstan the unearned advance payment and damages from a South African company, which also failed to perform work for the Client in co-operation with a Russian company.
Drafting a legal opinion on Russian insurance law for foreign courts.
Our team advises an international law firm on Russian insurance law issues and prepares legal opinions for foreign courts. Alan Bayramkulov has been engaged as an expert for a subsequent appearance before the England and Wales High Court.
Our team advises an international law firm on Russian insurance law issues and prepares legal opinions for foreign courts. Alan Bayramkulov has been engaged as an expert for a subsequent appearance before the England and Wales High Court.
Comprehensive legal support of the Client’s interests in bankruptcy proceedings of a major contractor.
Our Client is a creditor of a construction company that is currently under bankruptcy proceedings. Works amounting to more than RUB 3 billion were not fulfilled to our Client.
The Client needed legal assistance in conducting an effective bankruptcy procedure of the debtor company to ensure the maximisation of the Client's claims.
Our Client is a creditor of a construction company that is currently under bankruptcy proceedings. Works amounting to more than RUB 3 billion were not fulfilled to our Client.
The Client needed legal assistance in conducting an effective bankruptcy procedure of the debtor company to ensure the maximisation of the Client's claims. In the monitoring procedure, creditors filed claims totalling more than RUB 7 billion.
The client is also interested in termination of all contractual relations with the unconscientious contractor, with transfer of all rights and obligations under the contract to the new contractor at the same time.
The PB Legal team represents the Client's interests by (1) supporting the inclusion of his claims in the creditor's register, (2) preparing objections to the claims of other creditors, as well as (3) participating in the disputes with the debtor outside the bankruptcy case, which may help to enlarge the bankruptcy assets.