Dear friends,

Merry Christmas and a Happy New Year from Maxima Legal!

We hope that the coming year will bring you happiness and many bright, unforgettable and wonderful moments!  

Wishing you all the best, from the team at Maxima Legal

Please find our Season's Greetings here.

Law firm Maxima Legal for the fifth time has been included in the list of most reputable law firms in Russia according to the Russian rating agency ‘Pravo.ru-300’. ‘Pravo.ru-300’ is a leading law firm rating agency in Russia. The practices from Maxima Legal included in the ratings are: Corporate, Dispute resolution, Insolvency (Bankruptcy), Real estate and construction and Tax.

Rating agency ‘Pravo.ru-300’ has operated for seven years, over this period the agency has been undertaking large-scale studies of the legal profession, reflecting the latest trends in the development of law firms and the legal market overall.  In 2016, the rating system under went significant changes, including the addition of ratings in new sectors, significantly expanded advisory council for the ratings, a division in the assessment of firms at federal and regional levels and categories for pro bono services, lawmaker and scientific and educational activities were also introduced.

For more information about ratings, please see the following website: http://300.pravo.ru/

On 13 December 2016 at the Grand Hotel Europe, business newspaper Delovoy Peterburg together with law firm Maxima Legal in partnership with GRM Law and Stelios Americanos & Co held a conference on the topic of ‘Overseas property: advantages, risks, legal advice and tax structuring’.

The acquisition of property overseas is changing from being a luxury item to becoming an element of long-term financial, taxation and migration planning. Whilst previously property was purchased for personal use, now more and more wealthy individuals prefer to invest in commercial property overseas and establish business interests there, for example, in tourism, agriculture and commerce.

Any transaction for the acquisition of property overseas requires thorough and careful financing and tax analysis and demands that issues of structuring ownership of assets be addressed, along with issues of tax residency. Increasingly the acquisition of property is seen as a good investment to solve a number of problems associated with personal wealth and business: tax residency, control of foreign companies, migration matters and international lending. When considering the opportunity to purchase property overseas, it is necessary to take into account a range of tax and legal risks, including those associated with cross-border exchange of tax information. All these topics were discussed during the conference, during which participants also put their questions to Russian and foreign consultants.

On 22 December Delovoy Peterburg published an article about the event.

Article

Sergey Bakeshin, Senior Associate at Maxima Legal, gave his comments to newspaper ‘Stroitelnyi Ezhenedelnik’ about the current status of debts held by Russian construction companies.

To read the article (in Russian): http://asninfo.ru/magazines/html-version/729-spb/16312-zastroyshchiki-uvyazayut-v-dolgakh

On 18 November, Konstantin Boytsov, Head of the Property and Construction department at Maxima Legal, took part in an assembly on the integrated development of the territories which took place in the Office of the Representative of the President of the Russian Federation in the North-West Federation region.

Konstantin commented on the opportunities to exploit the mechanism of PPP for the organisation of public spaces and to create quality living environments in housing estates.

Representatives of governmental departments and the construction sector of St Petersburg took part in the event.