Country News

In current circumstances related to the spread of COVID-19, many companies are unable to use the premises they are leasing, while not being released from their obligation to pay rent under their respective lease agreements.

Watch the recording of our webinar “Undercapitalisation – How to identify risks” from 15.04.2020

On April 1, 2020, the long-awaited Federal Law No. 69-FZ of April 1, 2020 “On the Protection and Promotion of Investments in the Russian Federation” came into force.

On April 3, 2020 the Government of the Russian Federation, by Resolution No. 439, approved the requirements with regard to conditions and terms of postponement of rent payment under real estate lease agreements in developing the provisions of Article 19 of the Federal Law No. 98-FZ dd. 01.04.2020 “On Amendments to Certain Legislative Acts of the Russian Federation on Issues of Emergency Situations Prevention and Elimination”.

In accordance with the amendments to the Resolution of the Government of St. Petersburg No. 121 “On measures to counteract the spread of the new coronavirus infection (COVID-19) in Saint Petersburg” dated April 3, 2020, companies and individual entrepreneurs, whose activities are not subject to established prohibitions and restrictions, are obliged to determine the number of employees directly providing business activity at workplaces.