International Commercial Law

What law does NOT regulate the establishment of branches and representative offices of foreign organizations in the Russian Federation?

• The Civil Code of the Russian Federation

• Federal Law No. 99-FZ dated 05 April 2011 "On Licensing of certain types of activities"

• Federal Law No. 160-FZ dated 9 July 1999 “On Foreign Investments in the Russian Federation”

What is a primary limitation of a representative office compared to a branch?

• It cannot be located outside Russia

• It cannot have appointed directors

• It must operate as a separate legal entity

• It cannot engage in any revenue-generating activities

Which of the following best describes the branch's field of activity?

• It can perform all functions of the parent company

• It can only conduct market research

• It is limited to representational activities only

• It cannot engage in any business activities

What is one consequence of not complying with Russian laws for foreign organizations?

• Decreased market share

• Enhanced reputation in Russia

• Legal penalties and fines

• Automatic approval for future applications

Foreign companies are required to have a physical presence in Russia to conduct business activities

• True

• False

What is a size of a state duty for each branch to be opened?

• 150 000 rubles

• 250 000 rubles

• 120 000 rubles

• 70 000 rubles

In what field the share of foreign companies grew?

• Drilling

• Truck manufacturing

• Wagon manufactures

• Coal mining

In what field the share of foreign companies decreased?

• Production of medicines

• Production of spare parts

• Production of finishing materials

• The oil and gas sector

Some foreign companies were imposed a turnover fine for the lack of representation in Russia. Which company was NOT fined?

• Bluehost Inc.

• VPNgine Inc.

• DreamHost, LLC

• GoDaddy.com LLC

Foreign IT companies with a daily audience of more than ... thousand users are required to open a branch or representative office in Russia and ensure the full functioning of this division. How much should be users?

• 300 000

• 600 000

• 500 000

• 800 000