Credit reporting or credit checks have become an important feature if you are new entrant to the Russian market or have found a new customer.

We will check the solvency of your business partners in Russia and the possibility of applying sanctions to them. In economically turbulent times, in order to ensure own liquidity and prevent non-payments, it is especially important to collect information about the economic situation of a future trading partner and assess his condition.

In addition, after the mutual introduction of sanctions against each other in the EU and the Russian Federation in 2014, it became necessary to check business partners for the possibility of extending sanctions to them. And we are also ready to undertake this. We can also prepare for you an extract from the commercial register of the Russian Federation.

Checking a company for inclusion in the sanctions lists of other states

Checking the founders of the company (as well as the founders of the founder, etc.) for inclusion in the sanctions lists of other states (depending on wishes)

Checking the solvency (creditworthiness) of the company includes the following:

•  Credit rating (compiled on the basis of financial indicators for the last 5 years of activity), the recommended maximum loan amount
• Information on the types of activities declared by the company to the state registration authorities
• Volume of foreign trade operations and the number of transactions
• Information about short-term and long-term loans of the company, as well as the volume of debt obligations
• Financial report for the last 5 years (turnover, profit, equity, fixed assets, total assets, working capital, short-term liabilities, etc.)
• Liquidity level
• Balance sheet data for the last 5 years

General information about a company registered in Russia is contained in the trade register, which has been maintained since 2002.

Each company has a twelve-digit state registration number (OGRN), by which it can be identified.

The commercial register contains information about:

•  Legal (official) address of the company,
• Founders (shareholders) and their shares in the authorized capital of the company,
• Company management,
• Branches and subsidiaries,
• Date and place of foundation,
• INN
• Legal form.

The timeline is up to 7 working days.

We will undertake the verification of your agreements with Russian partners and thereby help you avoid legal risks in Russia.

Due diligence of contracts in Russia will ensure the economic security of your company, being one of the fundamental ways to identify and prevent legal risks.

Legal verification of contracts is carried out prior to signing the contract with the business partner. Its goal is to identify negative and undesirable conditions for the party and minimize the negative consequences and potential risks of signing (including property risks).

What types of contracts do we check?

We check:

• sales contracts
• supply contracts
• work contracts
• service contracts
• lease agreements
• carriage contracts
• labor contracts

As part of the verification of contracts, a detailed study of them is carried out for specific, especially essential terms of the contract, applicable law, provisions regarding jurisdiction, the consequences of non-performance of the contract.

In addition, this service includes checking the correctness of the contract, adapting its provisions to the requirements of the current legislation of the Russian Federation, as well as developing recommendations to minimize legal risks.

For an offer and additional (detailed) information, please contact our Legal Department.