Business breakfast on currency control issues
Business breakfast on recent changes in Russian currency control legislation, which entered into force on 13 February 2013. A wide range of currency and cross-border transactions are now subject to administrative liability, with penalties of up to 100% of the transaction amount.
At the meeting, EY lawyers Georgy Kovalenko and Vasily Makovkin discussed the possible interpretations of the new amendments and their likely implications, and analyzed certain practical examples and case law on the matter.
Over 70 executives from banks and insurance, investment, pharmaceutical and retail companies participated in the event.