Monthly digest: May 2017


 

May 2017

 
 
 

Dear Sir / Madam!

We're glad to present you an Intercomp newsletter. Once a month we'll share with you interesting articles, HR trends, business analytics, key legislative changes in Russia, and other useful information for HRD, CFO and business owners.

Should you have any questions please contact us by email: marketing@intercomp.ru.

 
 
 

M&A market in 2017

 
 

The participation of Russian companies in the M&A market showed growth for the first time since the beginning of the crisis. The total value of M&A transactions for January and February reached almost USD 7 billion which is 2.5 more than last year.

Experts expect the number of M&A transactions to continue increasing to reach a peak in 2017 in developed countries and in 2018 in developing countries.

Who enters into M&A transactions? What should be the focus of buyer and seller at every stage of M&A? How can CFO and other participants in the process help merging companies? 

 
 

Stanislav Skakun, Head of Finance at Intercomp, describes the whole M&A process in his new article "What should be the focus of CFOs handling M&A?"

 
 
 

HR trends in 2017

 
 

The labor market is affected by global economic changes, in particular those associated with the growth in digital technology, which has radically changed how human resources are managed.

What are those “new game rules” we need to know, and how do we apply them to HR processes? We have considered these issues, drawing from the knowledge of our expert analysts and from our experience in business process outsourcing, financial and HR consulting, and have identified 8 top HR trends in 2017.

 
 
 

Legal news: Q1, 2017

 
 
 

Intercomp released Review of the latest legislative changes in Russia, Q1 2017.

Contents: key changes in accounting and taxation, payroll and HR records management.

Quarterly review was prepared by Intercomp Audit, Methodology and Expertise Group.

For more details please feel free to contact our experts: amegroup@intercompglobal.com.

 
 
 
 
 

Supply contracts with foreign entities

 
 

What are frequently disputed issues, main mistakes in cross-border supply contracts and possible risks? We have collected them in the table as well as recommendations and proper wording that can be used to correct these mistakes.

 
 

Mistake

The parties have provided for no particular applicable law or little-known applicable law.

Risk

If a Russian buyer signs a contract with a foreign seller without providing for a particular applicable law, their relationship will, by default, be governed by the laws of the seller’s country of registration.

When a cross-border supply contract provides for a certain applicable law, the law provided for in the contract applies and governs the relationship arisen between the parties under that contract.

Correction method

Providing in the contract for Russian law as applicable law. The parties may choose the applicable law by which they wish their relationship to be governed.

The applicable law chosen by the parties must be expressly specified in the contract or inferred from the contract terms and conditions. The law provides for no specific requirements for the terminology that should be used in the choice of law clause.

Correct

The parties agree that the rights and obligations under this contract shall be governed by Russian law.

 
   
 

Guide for employment of highly qualified specialists

 
 
 

Contents:

Requirements for employees and employers upon hiring of foreign HQS.

Work permit for HQS procedures.

Mandatory notification upon hiring of HQS.

Changes to HQS work permit.

Work permit extension.

Liability for violation of immigration laws.

Download guide
 
 
 
 
 

Ask an Expert

 
 

Should Russia be global company's next destination to start a new business? Should business look for local providers support to get a faster start?

What are the key factors of choosing partner in Russia?

What are the key challengies of Russian companies and ways to meet those challengies?

The answers are in an interview with Daniel Thorniley, founder of CEEMEA Business Group.

 
 
 

Kind regards,
Intercomp team