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Bank Transfer under the new rules
On 29 January 2018 the Management Board of the National Bank introduced a number of changes to the Instruction on the bank transfer.
The refinancing rate reduced to 10.5%
On 14 February 2018 the refinancing rate of the National Bank was reduced from 11% and now stands at 10.5%.
05.04.2018
A United and Mandatory System ofmarking of goods will be implemented in the EEU
On 2 February 2018 the Heads of Governments of member countries approved the creation of the EEU goods marking system using the means of identification. Regulation on the marking of means of identification of goods in EEU was accepted in 17 May 2017 and this document identified the main goals and assigned group for the implementation of the system development.
Checking the Russian counterparty before the transaction
In Russia, on the participant of legal relations is entrusted serious risks associated with the manifestation of due diligence and prudence, which are often a condition for the subsequent protection of rights before state bodies and courts, including in disputing transactions.
Unfair competition in the practice of FAS Russia and courts: 9.5 million roubles to be paid for an infringement of Heineken’s trademark
On 1 March 2018, the Commission of the Federal Antimonopoly Service of the Russian Federation Office for St. Petersburg issued an order in respect to Afanasy Private Brewery LLC to stop violation of Article 14.6.1 of Federal Law No. 135-FZ, dated 26 July 2006 'On Competition Protection', in particular, the illegal use of the designation 'ОХОТА НАШЕГО' being confusingly similar to the trademark 'ОХОТА' the right holder of which is Heineken Russian subsidiary.
New Code on Subsoil and Subsoil Use for mining companies
On 27 December 2017, Kazakhstan adopted a new Code on Subsoil and Subsoil Use for mining companies (the “Code”) to come into force six months after its official publication[1]. The Code will replace the current Law on Subsoil and Subsoil Use dated 24 June 2010 save for a limited number of provisions applicable to those subsoil users that will keep their subsoil use contracts without transitioning to relevant subsoil use licences.