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United Legal Group under the aegis of RVCA has started working

The round table “Investment community – harmonization of the landscape de jure” was conducted in the context of The 1^st Yenisei Venture Fair which took place on February 15−16 as a part of Krasnoyarsk Economic Forum. Discussion at the round table involved intense interest of the audience.

Participants of the round table appealed to RVCA with a proposal to create an initiative group consisting of lawyers and venture funds’ representatives interested in improvement of the investment association (#335-ФЗ from 28.11.2011) and the economic partnership (#380-ФЗ from 03.12.2011) regulatory and legal framework.

For the purpose of improvement of legal regulation and on the base of active position of the venture capital community representatives, RVCA has made a decision to urgently form a United Legal Group (ULG). Almost 30 specialists, including representatives of institutes of development, ministries and departments, lawyers and venture funds have expressed a desire for joining this Group.

During two ULG sessions (February 26 and March 13) a number of limits and peculiarities of taxes regulation were revealed that prevented from its effective practical use. The next ULG session will take place on March 27.

Continuation of the discussion on the ULG’s work results is planned to be on April 25, at the second round table “Investment community – harmonization of the landscape de jure” within the frames of The 8^th Kazan Venture Fair.