In the year 2000, my partners and I launched the PETERKA & PARTNERS law firm in Prague, Czech Republic. Over time we developed an ambitious idea - to create an integrated regional law firm, which at first seemed almost impossible. However, after years of dedication and hard work, we became a strong alternative to the global giants and local law firms active in the CEE region through their networks or best friends.
We would like to inform you that the Russian government has clarified the conditions, timeline and requirements for deferrals in lease payments for a certain period of 2020 (Decree of the Russian Government No.439 dated April 3, 2020 “On establishment of the requirements of the conditions and terms of deferral of payment of lease under lease agreements”).
A deferral applies (a) for lease contracts concluded before the introduction in 2020 of a high alert or emergency regime by the competent local authorities and (b) only with respect to tenants from an official list of economic sectors, mostly those heavily impacted by COVID-19. The list of such sectors has been approved by a Decree of the Russian Government (Decree of the Russian Government No.434 dated April 3, 2020 “On approval of the list of sectors of the Russian economy that were most affected by the deteriorating situation as a result of the spread of a new coronavirus infection”) and include such industries, as: aviation, tourism, transportation, organization of conferences and exhibitions, hotels, etc.
The key provisions of this Decree of the Russian Government are as follows:
1) A deferral is possible for tenants of both public and private real estate, with the exception of residential premises;
2) The deferral is granted for a period up to October 1, 2020, starting from the date of the introduction of the high alert or emergency regime on the territory of the Russian Federation;
3) The conditions for the deferral are as follows:
4) The landlords who provided deferral will be able to rely on state support measures with respect to payment of a property taxes for the period of deferral, however, the relevant measures have not yet been adopted.
Summarizing the above, it should be noted that the above support measures are relevant only for limited sectors which are affected by market disruption due to COVID-19 and are not applicable to most business entities active in Russia. We hope that similar support measures are being developed in respect of other sectors of the economy.
PETERKA & PARTNERS is following these measures closely and will keep you updated in case of any news. Please do not hesitate to contact our COVID-19 Help desk at email@example.com.