The main topic of the Conference was an impressive list of risks awaiting business in 2021. Two sessions were held as a part of the business program. There were considered main triggers, which might lead companies to violations of the law and lawsuits.

At the Conference experts analyzed issues of operating a business during the pandemic and new legislations after quarantine, new regulations on cash transaction control and tax optimizations.

Sergey Radchenko, a moderator of the first session and Senior associate of Advocates Bureau YUG, started the conference inviting his colleagues to a professional and open dialogue.

"Nowadays entrepreneurs must bear more responsibility that ever towards their business and contracts to be concluded. Risks related to banking and tax systems often may lead to litigations, which could have been avoided beforehand," Sergey Radchenko said.

During the discussion, experts agreed that business may be held accountable for minor shortcomings. Nevertheless, the sanctions shall be applied the same as for serious offenses, such as money laundering, for example. Moreover, the lawyers noted that the majority of criminal cases against entrepreneurs were ruled in their favor, but they lasted for a long time and affected business.

According to Alexey Otradnov, organizer and Commercial director of Pravo.ru, the Conference was held so as to aid business community in considering all possible risks. He also noted the importance of professional networking.

“While taking into account all news in the legislative sphere, we selected such a content, that both corporate lawyers and consultants were able to meet on the same platform. They always have to recognize all the risks in advance and find solutions,” Alexey Otradnov said.

Read more about the Winter Legal Week Conference in the next issue of the Yug Times Weekly.