Preliminary Agreement In Russian

(3) Russian law prohibits agency agreements from including territorial restrictions and customers. Based on established Russian judicial practices, distribution agreements are considered complex agreements, which are included both in a traditional manner and with a sales contract. As a result, the prohibition of territorial and customer restrictions may apply to distribution agreements and thus prevent the effective application of the rules in force in Russia. Due to the Russian legal issues described above, a considerable number of joint venture vehicles outside Russia are integrated into legal systems known to the joint venture partners, which offer reliable legal protection of shareholder rights and which make the most sense from the point of view of corporate governance and taxation. For example, it is very common to set up Russian joint ventures in Cyprus and the British Virgin Islands and to have their shareholders or joint venture agreements under English law with dispute settlement clauses providing for international arbitration (. B for example, LCIA, ICC or UNCITRAL). Such joint ventures then create or acquire operating subsidiaries in Russia. The inclusion of territorial restrictions and customers in a distribution contract is subject to a number of legal considerations. Therefore, if the parties to a distribution agreement are not competitors and do not hold more than 20% in one of the Russian product markets, there is a good chance that the FAS will not challenge the territorial and customer restrictions in the distribution agreement. Vladivostok, September 5, 2019.

At the Eastern Economic Forum, SIBUR and Gazprom reached an interim agreement on key commercial conditions for the supply of liquefied natural gas (LPG) from Gazprom`s Amur Gas Processing Plant (GPP) to SIBUR`s Chemical Amur Complex (CCG). The document was signed by Dmitry Konov, Demchairman of SIBUR Holding, and Alexey Miller, Gazprom`s executive committee. On Monday, however, Mr Vitenko told S-P Global Platts that he was not aware of “any agreement, even provisional, on a long-term transit agreement”.” “We have reached an interim agreement on possible instruments (the contract structure) that can be used for transit if there is an agreement,” Vitrenko said. Where the acquisition contract is subject to a non-Russian right (the parties tend to use English or New York law), the material clauses are similar to those envisaged in the agreements for wholesale and commercial contracts in other jurisdictions, including: In order to reduce the risk of application of agency contract rules to the distribution agreement , it is advisable to take into account the following points in the proposed distribution agreements. In order to reduce the risk of the application of agency contractual rules to the distribution agreement, it is advisable to reflect the following points in the proposed distribution agreements: in order to reduce the risk of the application of agency contract rules to the distribution agreement, it is advisable to take into account the following points in the proposed distribution agreements envisaged. In order to reduce the risk of the application of the agency`s contractual rules to the distribution agreement, it is advisable to reflect in the draft distribution agreements envisaged the following: In order to reduce the risk of the application of the agency`s contractual rules to the distribution agreement, It is advisable, in the proposed distribution agreements envisaged, to: “The signing of the agreement opens up the possibility of increasing the amount of hydrocarbon raw materials to be processed in Russia. If we opt for an extended version of the project, the LPG will be processed domesticly instead of being exported, which will provide additional raw materials to related industries and produce more high-tech export-oriented products,” said Dmitry Konov, Chairman of the Board of Directors of SIBUR Holding. What are the material clauses of a sales contract? However, there is some uncertainty about the definition of the “same market.” In cases where distributor sales are limited to a particular region of the Russian Federation, it is not certain that the term “same market” includes