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Practical Aspects of Government Support Provided to Infrastructure and Manufacturing Industry Projects in Russia

Thursday, 16 May
16:00 - 17:30

Italian Patio, General Staff Building (6-8, Dvortsovaya sq.)

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The continued drafting of both general investment and industry-specific legislation raises the issues of organizing consistent government support mechanisms and designing a common approach to their application. Experience suggests that certain projects can be implemented only with both financial and non-financial government-sponsored incentives.

Certain aspects of government support procedures will be addressed during the discussion:

  1.    Public-private partnership: the regulatory framework and government support mechanisms
  2.    Special investment contracts: the existing mechanism and proposed changes
  3.    Legislation governing the protection of capital investments and related incentives.

Marina Gassiy will deliver a presentation addressing range of legal issues surrounding the involvement of state assets in utility-related PPP projects, including the most important trends in legislative work such as the legal status of unitary enterprises, use of budget funds in procurement, and regulation of natural monopolies.

Dias Assanov will speak about how government investment support mechanisms address the requirements for localization of production in Russia. In particular, special investment contracts (SPICs) are a lucrative incentive for investing in capital-intensive technologies. However, in practice there are a lot of issues surrounding the procedure for concluding a SPIC as well as government guarantees, all the more so in view of the proposed changes in regulation.

 

MODERATOR:

Georgy Kovalenko, Partner, Head of EY Law in Russia and the CIS

 

SPEAKERS:

Ilya Skripnikov, Associate Partner, EY Law

Dias Assanov, General Counsel, Siemens Russia, Belarus, Central Asia

Marina Gassiy, Vice President and General Counsel, SUE “Vodokanal of St. Petersburg”; Member of the Expert Council of the Committee for Agriculture and Food Policy and  Natural Resources Use of the Federation Council of the Russian Federation; Honored Lawyer of the Russian Federation; Member of the St. Petersburg Civic Chamber


* The Programme may be subject to change