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. Last Updated: 07/27/2016

recent legislation

Executing court acts. Federal Law No. 119-FZ of July 21, 1997, "On Governmental Execution Procedure." The law states that enforcement of judicial acts and acts of other governmental bodies shall be conducted by the justice service officers, who will be part of the Justice Ministry. Where required by federal law, money judgments shall be executed by tax bodies, credit organizations and other bodies and officials must comply with execution orders. The law establishes a list of execution instruments and requirements for them, and the place, time and term for performing execution actions. It defines the rights and duties of the parties to execution proceedings, the procedure for institution of such proceedings and grounds for their termination and completion. It contains provisions on the procedure for reimbursement of enforcement expenses and responsibility for non-enforcement of execution instruments.

Justice officers. Federal Law No. 118-FZ of July 21, 1997, "On Officers of Justice." Officers of justice shall be officials of the state service and shall be entrusted with the tasks involved in keeping order in the Constitutional Court of the Russian Federation, the Supreme Court, the Higher Arbitration Court, arbitration courts and courts of general jurisdiction, and in executing court acts and the acts of other governmental bodies. The law sets requirements and limitations for who may be an officer of justice. Officers of justice are divided into two types: general officers of justice, whose duties involve providing for the established order of activity in the courts; and officers of justice-executors, who shall execute court acts and the acts of the other state bodies. The law sets forth justice officers' rights, duties and responsibilities, guarantees for their legal and social protection, terms and limits of the application of physical force in carrying out their duties and in using appliances and firearms.

Certifying goods and services. Government resolution No. 1013 of Aug. 13, 1997, "On Adopting a List of Goods, Works and Services, Subject to Obligatory Certification." The resolution adopts a list of goods which must be certified in accordance with Russian law. The list includes, among other goods, goods for children, food products, preventive medical care goods, cosmetics, textile goods, garments and headgear, knit wear, fur items, footwear, construction materials, heating equipment, furniture and household products, goods for sport and tourism, automobiles and veterinary products. The resolution also adopts a list of works and services subject to obligatory certification. The list includes, among others: repair and technical services for electric and electronic equipment and home appliances, dry cleaning and dyeing services, repair and technical services for automobiles, hairdresser services, transportation services, hotel services, tourist services, trade and fast food services.

Securities registration. Central Bank Letter No. 500 of Aug. 8, 1997, "Changes and Additions No. 2 to the Institution of the Bank of Russia No. 8 of Sept. 17, 1996, 'On Rules for the Issue and Registration of Securities by Credit Organizations on the Territory of the RF.'" The instruction establishes that the following types of securities issues must be registered with the Department for Control over the Activity of Credit Organizations on Financial Markets: (i) issues by credit organizations which have charter capital exceeding 400 billion rubles or have more than 50 percent foreign participation; (ii) all issues in amounts exceeding 50 billion rubles; (iii) issues of convertible securities; (iv) all issues subject to placement abroad. Other securities issues are subject to registration with the territorial departments of the Central Bank. In certain cases, the department may transfer the authority to conduct such registrations to and from its territorial directorates.

Source: White & Case