Search Results for: business

RUSSIA | Currency Control

If you doing business in Russian Federation (“Russia”), you should be aware of the following:

Fiscal transations shall be conducted in rubles (RUB), the national official currency.

RUB payment transactions both in and out of Russia are strictly governed by the government and the Russian Central Bank.

Foreign currency payments or RUB transfers between a Russian resident and a non-resident are strictly supervised by the Russian authorities.

Special requirements will be applied to resident companies for certain commercial transactions. 

Violation of the currency regulations could […]

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Legal focus – Risoluzione dei contratti in Russia

Di prassi per risolvere o modificare un contratto in Russia è necessario un accordo tra le parti, salvo previsioni e situazioni specifiche. Tuttavia, secondo le vigenti normative della Federazione Russa, si può anche ricorrere unilateralmente in tribunale. E questo nello specifico, quando ci si trovi di fronte a una violazione degli accordi della controparte o ad un mutamento delle circostanze che avevano portato a stipulare il contratto.

Se la variazione o risoluzione del contratto è unilaterale, si potrebbe anche incorrere in […]

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CHINA | Increased Domestic Demand Paves Ample Opportunities for Foreign Investment

China offers multiple opportunities for foreign investment. The 14th Five-Year Plan 2021 – 2025 (‘Five-year Plan), approved by the National People’s Congress on 11 March 2021, established a new economic model term – dual circulation.

Dual circulation is a two-fold plan to stimulate domestic growth and consumption by boosting domestic and foreign markets. It aims to increase internal demand for goods and attract high-value foreign investments, such as new technologies and advanced manufacturing. The Five-year plan increases market access and […]

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