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Eurasian Customs Union

— Customs Law

Trade bloc with a common customs policy and regulations comprised of EACU members with common customs borders and a common customs policy and regulations.

EACU Harmonised Commodity Description and Coding System (Tariff nomenclature)

— Customs Law

Standardised system of names and numbers to classify goods in EACU based on the Harmonised System developed by the WTO and used in the EU used for customs classification.

EACU customs territory

— Customs Law

The territory of EACU members including exterritorial artificial islands, installations, constructions and other objects over which EACU members have exclusive jurisdiction.

EACU members

— Customs Law

Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus.

Easement

— Land law

Limited proprietary right to use a neighbouring land plot (e.g. right of way, the laying of pipes or transmission lines, the disposal of sewage etc.)

Employment contract

— Employment

Contract concluded between an employer and an employee for performance of job functions, which must contain obligatory provisions set forth in the Russian Labour Code. Employment contracts may be concluded for either an indefinite or fixed term (i.e. fixed-term employment contracts).

Excise duty

— Taxation

Indirect tax levied on mass-consumption products, such as tobacco, alcohol, petrol etc.

Exclusive right to acquire a land plot into ownership or lease

— Land law

Right of owners of buildings and structures located on land plots owned by the state or by a municipality to acquire the underlying land plots either into ownership or lease.

Export

— Customs Law

Customs procedure under which goods are exported from the EACU customs territory.

Expropriation of land plots

— Land law

Taking of land by state or municipality authorities with compensation to the owner for the land plot.  

External administration (bankruptcy administration)

— Insolvency (bankruptcy)

Optional stage of insolvency proceedings aimed at restoring the debtor to financial health, which includes an appointment by court of an external administrator, whose primary aim is to conduct an inventory of assets and prepare a plan for restoring solvency. The debtor’s management is dismissed.

Eurasian Customs Union

— Customs Law

Trade bloc with a common customs policy and regulations comprised of EACU members with common customs borders and a common customs policy and regulations.

EACU Harmonised Commodity Description and Coding System (Tariff nomenclature)

— Customs Law

Standardised system of names and numbers to classify goods in EACU based on the Harmonised System developed by the WTO and used in the EU used for customs classification.

EACU customs territory

— Customs Law

The territory of EACU members including exterritorial artificial islands, installations, constructions and other objects over which EACU members have exclusive jurisdiction.

EACU members

— Customs Law

Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus.

Easement

— Land law

Limited proprietary right to use a neighbouring land plot (e.g. right of way, the laying of pipes or transmission lines, the disposal of sewage etc.)

Employment contract

— Employment

Contract concluded between an employer and an employee for performance of job functions, which must contain obligatory provisions set forth in the Russian Labour Code. Employment contracts may be concluded for either an indefinite or fixed term (i.e. fixed-term employment contracts).

Excise duty

— Taxation

Indirect tax levied on mass-consumption products, such as tobacco, alcohol, petrol etc.

Exclusive right to acquire a land plot into ownership or lease

— Land law

Right of owners of buildings and structures located on land plots owned by the state or by a municipality to acquire the underlying land plots either into ownership or lease.

Export

— Customs Law

Customs procedure under which goods are exported from the EACU customs territory.

Expropriation of land plots

— Land law

Taking of land by state or municipality authorities with compensation to the owner for the land plot.  

External administration (bankruptcy administration)

— Insolvency (bankruptcy)

Optional stage of insolvency proceedings aimed at restoring the debtor to financial health, which includes an appointment by court of an external administrator, whose primary aim is to conduct an inventory of assets and prepare a plan for restoring solvency. The debtor’s management is dismissed.