Новости

Ukraine prohibits private-public settlement of accounts with promissory notes

It looks like promissory note schemes (the “second birth” for which was given by the financial crisis) will soon be no more as the Ukraine’s government plans to liquidate them: the Verkhovna Rada has approved a new law (№ 3041) in its first reading, which will introduce significant amendments to rules that regulate promissory notes turnover. It is very possible that the law will be approved further (in its second and final readings) and will officially come into force.  

IMF ready for further cooperation with Ukraine

Today, when the presidential elections in Ukraine are over, the International Monetary Fund announces its readiness for further cooperation with the country: the IMF’s representative in Ukraine Max Alier informed on that at yesterday’s investment conference in Kiev.

Russian antimonopoly services want oil companies to sell all export goods on national stock exchanges

Yesterday chairman of the Federal Antimonopoly Service of Russia (FAS) Igor Artemiev proposed to force all oil companies to sell their export goods through national stock exchanges.

SEC Adopts Rule to Restrict Short-Selling

The Securities and Exchange Commission voted last week to adopt a new rule to place certain restrictions on short-selling when a stock is experiencing downward price pressure. The measure is intended to promote market stability and preserve investor confidence, but commissioners were divided in their voting.

IVSC publish revised guidance for the valuation of intangible assets

The International Valuation Standards Council (IVSC) has today published an updated Guidance Note on the valuation of intangible assets. The revised GN 4 identifies the principal techniques that are recognized for the valuation of intangible assets such as brands, intellectual property and customer relationships, and gives guidance on how these are applied.

IASC Foundation publishes second batch of training material for the IFRS for SMEs

The training material is designed to assist companies and accounting practitioners in applying the IFRS. It will also assist educators in teaching how to apply the IFRS for SMEs.

Ukrainian brokers create a “bourse” for insurance risks

“The Kiev market for underwriters” (KMFU) is a kind of a trade ground with the most favorable conditions to insure against risks and to receive compensation from an insurance company in case of event’s actual occurrence.

Moscow tax inspectors discovered 142 different “grey” salary schemes in 2009

In 2009, Moscow tax collectors discovered 142 schemes with which employers were paying “gray salary” to theirs employees – informs the Federal Tax Service’s press office.

Russian banks no longer allowed to raise interest on credits on their own discretion

The Supreme Arbitration (Commercial) Court of the Russian Federation found illegal all practices when banks raise interest on credits to private individuals on their own discretion. The Court treats all fines levied by banks on their clients for overdue credit payments in a similar way.

Ernst & Young Auditors Accused in Investment Case

The Securities and Exchange Commission has instituted public administrative proceedings against two former Ernst & Young auditors who failed to uncover the misappropriation of client funds by an investment advisor they were auditing.