FBK Legal at Russian Tax Congress
During the special congress day, Alexander Grigoriev, Partner at FBK Legal, has taken part in discussions dedicated to the conciliation procedures in tax relationships and bankruptcy cases, including business retention opportunities.
The attendees discussed procedural opportunities of conciliation procedures in bankruptcy, including advantages of and challenges in their application, and shared successful cases featuring such procedures.
“Settlement agreements with tax authorities as part of the bankruptcy proceedings initiation do not always bring favourable results. We’ve seen high-profile cases when, after reaching an agreement in court, companies were deprived of their usual financial instruments and received claims from other creditors, which in their turn eventually led to bankruptcy. At the same time, mediation could be an out-of-court settlement tool not only for debt to budget cases, but also for essential disagreements not entailing bankruptcy proceedings”, Alexander Grigoriev noted.
Eduard Giulbasarov, Head of Practice at FBK Legal, took part in congress discussions on the topic ‘Tax and Legal Reality 2024’.
Among other things, the attendees touched upon tax monitoring and the ‘digital model of the Tax Code’.
“Since tax control in general and tax monitoring in particular involve wider non-procedural interaction with the tax authorities, full automation of all relevant procedures may negatively affect their efficiency, in particular, the efficiency of mutual agreement procedures, which require fine-tuning in terms of enabling communication between the taxpayer and the tax authorities aimed to reach an agreement’,’ Eduard Giulbasarov says.
The attendees discussed procedural opportunities of conciliation procedures in bankruptcy, including advantages of and challenges in their application, and shared successful cases featuring such procedures.
“Settlement agreements with tax authorities as part of the bankruptcy proceedings initiation do not always bring favourable results. We’ve seen high-profile cases when, after reaching an agreement in court, companies were deprived of their usual financial instruments and received claims from other creditors, which in their turn eventually led to bankruptcy. At the same time, mediation could be an out-of-court settlement tool not only for debt to budget cases, but also for essential disagreements not entailing bankruptcy proceedings”, Alexander Grigoriev noted.
Eduard Giulbasarov, Head of Practice at FBK Legal, took part in congress discussions on the topic ‘Tax and Legal Reality 2024’.
Among other things, the attendees touched upon tax monitoring and the ‘digital model of the Tax Code’.
“Since tax control in general and tax monitoring in particular involve wider non-procedural interaction with the tax authorities, full automation of all relevant procedures may negatively affect their efficiency, in particular, the efficiency of mutual agreement procedures, which require fine-tuning in terms of enabling communication between the taxpayer and the tax authorities aimed to reach an agreement’,’ Eduard Giulbasarov says.
