The Ministry of Justice repulsed $ 14.5 billion from ex-banker Pugachev, disputes about income tax and HR after coronavirus

International Arbitration refused to consider the claim of ex-Senator Pugachev to Russia for $ 14.5 billion

The Russian Ministry of Justice was able to at least temporarily fight off from the next billions of claims in international courts-the Hague arbitration refused to consider the lawsuit of the ex-Senator and banker Sergei Pugachev, who demanded compensation from Russia $ 14.5 billion for the lost business. The court refused to consider a citizen of France Pugachev, who appealed to the Russian-French agreement on the protection of investor rights, a French entrepreneur.

• The hearings of the Hague International Arbitration in Paris were held in November 2019, but the decision was announced only today. “Having examined the arguments of the Russian Federation, the composition of the arbitration refused to satisfy all the requirements of S.V. Pugachev, ”the Ministry of Justice says in the victorious message of the Ministry of Justice. The court will not consider Pugachev’s lawsuit about compensation of $ 14.5 billion for assets, which, according to the businessman, the Russian authorities expropriated him. Also, the plaintiff will have to pay the lawsuit of the Ministry of Justice in the amount of $ 5.8 million.
• The Russian ministry was disputed by the very arbitration of jurisdiction to consider Pugachev's requirements. The billionaire, who has been French citizenship since 2009, argued that the Russian authorities, having expropriated his business, violated the agreement between the USSR and France on mutual protection of investment from 1989. The Ministry of Justice in response stated that Pugachev is not a French investor and did not prove that his investments were subject to protection by agreement. The decisive argument was that Pugachev’s investments were carried out until 2009, when he became a citizen of France.
• The commentary posted on the official website indicates that the tribunal “recognized many arguments of Mr. Pugachev”, and the opinions of arbitrators diverged-one of three voted for considering the claim. But the arbitration, "unfortunately, deviated from the principle that has established in judicial practice, according to which the agreement protects the investor at the time of expropriation, and not at the time of investment." The decision will be appealed, it does not mean the termination of the Pugachev case against the Russian Federation, the comment says.
• Sergey Pugachev filed a lawsuit against the Russian Federation to the Hague Tribunal in 2015. In it, the ex-Senator claimed that since 2009, the Russian authorities have conducted a targeted campaign to take his business. As a result, the entrepreneur lost four assets: the development project “Kremlin” (it was planned to build a hotel and elite housing at Krasnaya Square, 5), the Yenisei industrial company (owned a license for coal mining in Tuva, now belongs to the businessman Ruslan Baisarov, but the production did not begin), shipbuilding assets, including the company “Severnaya North The shipyard ”(was nationalized), as well as owning the lands in the Moscow Region Optik Trade, the lawsuit said. Pugachev accuses the Russian authorities of initiating criminal and civil processes against him under far -fetched pretexts.
• Until the end of the 2000s, Pugachev was considered a businessman close to Vladimir Putin, and later even claimed to enter the circle of persons who made the decision of Putin the successor of Boris Yeltsin, and it was he who introduced Putin to Yeltsin Tatyana Yumasheva. Yumasheva herself called this statement "complete delirium." But in 2009, as Pugachev claimed in the lawsuit, Putin demanded that he sell the state shipbuilding assets from him, after which Pugachev began problems.
• In 2010, Interprombank founded by him (Pugachev says that at that time he was no longer his shareholder) lost his license, and a criminal case was instituted against Pugachev - according to the investigation, 32 billion rubles were brought out of the bank from the bank. Pugachev said that he simply transferred his own money from one account to another. In 2011, Pugachev left Russia. In 2015, the SK started another case in connection with the interpromombank, as a result, the claims to Pugachev reached about 100 billion rubles. He was put on the wanted list and arrested in absentia.
• The ex-banker’s assets around the world is hunted by the Deposit Insurance Agency (DIA). In 2014, the high court of London at the ACU claim decided to freeze Pugachev’s assets of $ 2 billion around the world. Some of them have already sold, the trial is ongoing .

What am I to me?

Pugachev did not have much chance of winning the arbitration of Pugachev from the very beginning, but the process in his case could become a source of new knowledge about Russian business, as it was already with the processes “Berezovsky against Abramovich” and “Black Against Deripaska” in London. As witnesses, Pugachev’s lawyers tried to call the former Prime Minister Viktor Zubkov and Minister of Finance Alexei Kudrin (the turnout for them, however, was purely voluntary).

MONEY

In search of justice

There are more signs that the increase in personal income tax for especially wealthy (with an annual income of 2 million rubles) is more and more. When making a decision on the progressive scale of personal income tax, it is necessary to take into account social justice, as well as the difference in salaries by regions, said Deputy Prime Minister Tatyana Golikova in the Posner program on the First Channel. “We have many different approaches discussed, I would say that such a thing as justice comes to the fore,” Golikova said. In Russia, the average salary is 47 thousand rubles, and a small share of the population has high salaries in the country. “But 47,000 by 12 skipped - is that a lot? This is not enough. Therefore, when you are talking about two million, two million for a Russian citizen is a lot, many do not receive a million a year, ”Golikova emphasized. Input of the progressive scale of personal income tax can be announced even before the vote on amendments to the Constitution (we talked about this in detail here ).

The delay is growing

In May, the delay of individuals on loans jumped by 3%immediately, the Central Bank said. In money, it is about 25 billion rubles. This is higher than the values ​​that have reached overdue payments on loans over the past three years - since 2017 it has not exceeded 17 billion rubles. “The growth is not critical, but higher than usual,” the Central Bank summarizes. But the growth of problem debts so far smooth out the declared credit holidays. The regulator previously estimated the need for 7 trillion rubles, but so far only 3% of all retail loans for 580 billion rubles fell under restructuring.

The case of the seventh studio

The prosecutor's office requested real terms for the accused

A year and a half after the start of the process in the case of the Seventh Studio, the court reached the debate of the parties. The prosecutor’s office requested for the artistic director of Gogol-Center Kirill Serebrennikov six years in prison, the former General Producer of the Seventh Studio, Alexei Malobrodsky, is asked to be sentenced to five years, General Director of Yuri Itin and former employee of the Ministry of Culture Sofu Apfelbaum-by four years of everyone. All defendants do not admit guilt. The online report from the meeting was conducted by Mediazona. The judge promised to declare the decision on June 26 at 11:00. The last word Cyril Serebrennikov can be read here . The first letters in each paragraph of his speech form the phrase: “I do not regret anything. I sympathize with you. " Serebrennikov called the victim in the person in the person in the person of the Ministry of Culture of the Ministry of Culture "toxic office, which in any situation will only betray and substitute."

EDUCATION

Time to conquer the market

The Bell, "Russian norms!" And the Berkeley University Business School (California) represent an educational online course based on the methodology of “Lean Launchpad” by Steve Blanca, which is successfully used by Nike, Ford, General Electric, Toyota and even the US government.

What is its essence and why now it is especially relevant - you can read in an interview with Ronda Schreider, executive director of the Entrepreneurship Program at the Buscles California School of Berkeley. Ronda will be one of the teachers on our course, and the company will be Chris Denia , a professional coach and a Lean Launchpad methodology coach.

Dates of the course: 29 courses, July 2 and 6. You can familiarize yourself with the program and register for the course here .

Opinions

The best of the blogs of economists

Every Monday, our friends from the Econs.online project talk about the most interesting in the blogs of economists. This is what the world stars wrote about this week:

• Jeffrey Frankel - why the recession should not be counted by two quarters;
• Paul Krugman - the bad growth of stock markets in the United States in the midst of a crisis;
• Alex Tabarkrock - who turned out to be a model of the fight against the crisis in the United States, and who is the weakest link.

PRACTICE

How to hire employees after coronavirus

WSJ talks about how the American HR market is preparing for life after lifting the locaun. In the recruitment, everything is changing without exception: from the “candidate’s market” for the last decade, he turns into the “employer market”: after lifting restrictions, millions of people released in the spring begin to look for work, and at least half of them, according to the old habit, indicate a position for which they do not have enough qualifications, showed a polling manufacturer of software for HR Jobvite. Programs for weming bad resumes will cope with this problem - but with a good candidate the process of interview becomes more difficult for the employer: many are not ready to translate the views of candidates in Zoom. Popularity is gained by “vacancies on the sidelines”: recruiters conduct interviews with candidates in parking at shopping centers while they are in cars.

Fasting urban environment

If you are not tired of reading about how the era of social distance will change the cities, then Bloomberg gathered a large guide on all aspects of city life. From obvious - how new rules will change public transport (here is an interesting article about the same), the work of restaurants and shops, to non -obvious ones - for example, how the role of parks in the era will change when fresh air becomes safer and more valuable. Experts prophesy the expansion of city park spaces due to parking lots and cemeteries.