NEWS

Federal Law No. 115-ФЗ dated April 7, 2020 “On Amending Certain Legislative Acts of the Russian Federation with Regarding the Unification of the Content of the Annual Reports of State Corporations (Companies), Public Law Companies, and also Regarding the Specific Features of Regulation of Corporate Relations in 2020 and the suspension of the provisions of certain legislative acts of the Russian Federation ”, which introduced, inter alia, significant changes to the existing corporate legislation is signed.

The law specifically establishes that:

the annual general meeting of shareholders and the general meeting of participants in limited liability companies in 2020 are held no earlier than two months and no later than nine months after the end of the reporting year, i.e. until the end of September 2020 inclusive;

a decrease in the value of the net assets of a joint-stock company and limited liability companies below the size of its authorized capital at the end of 2020 is not taken into account for the application of clauses 4 and 6 of article 35 of the Federal law “On joint-stock companies” and clause 4 of article 30 of the federal law “on limited companies responsibility ”;

On April 7, 2020, President of the Russian Federation Vladimir Putin signed the Federal Law On Introducing Amendments to Article 472 of the Budget Code of the Russian Federation.

On April 1, 2020, President of the Russian Federation Vladimir Putin signed the Federal Law On Introducing Amendments to the Code of the Russian Federation on Administrative Offenses.

The federal law establishes liability for violation of the law in the field of ensuring the sanitary and epidemiological well-being of the population during the emergency mode or when there is a threat of the spread of a disease that poses a danger to others, or during the implementation of restrictive measures (quarantine) in the relevant territory, as well as increased administrative responsibility for actions (inaction) resulting in harm to human health or death ka, if these actions (inaction) do not contain a criminal offense.