Russian Legislation Update - May through June 2013


In This Issue:

- Procurement

- Electric Power/Renewable Energy Sources

- First Reading: Public Sector Companies

- Excerpt from Procurement:

On 7 June 2013 the President signed Federal Law No. 115-FZ amending Article 1 of Federal Law No. 223-FZ “On Procurement of Goods, Works, Services for Certain Types of Legal Entities.”

According to Procurement Law No. 223-FZ, Russian companies specified therein are required to procure goods, works and services in accordance with their internal procurement regulations and to comply with some other requirements related to such procurement. Those companies include, among others, natural monopolies, companies performing regulated types of activities in the areas of power, gas, heating and water supply, water disposal, sewage treatment and waste disposal, as well as subsidiaries of those companies and subsidiaries of those subsidiaries. (For more details, refer to our update for 24 December 2012 – 13 January 2013).

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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