Insights

Russian companies need restructuring as markets remain uncertain, EPAM lawyer tells DNA India

Bankers say a failure to complete restructurings may hamper Russia's ability to borrow in the future and the absence of clearly defined negotiation guidelines between Russian and western lenders raises the risk of future defaults. Currency and commodity markets have been unexpectedly benign for Russia since June, helping to stave off a widely forecast debt disaster, but Dubai World's debt woes have served as a reminder that the problem has merely been postponed.

Legal Week features Dmitry Afanasiev’s commentary on Russian legal market

Legal Week's Independent Law Firms in Europe supplement publishes Dmitry Afanasiev’s commentary on Russian legal market.

Dimitry Afanasiev comments on $22.7 bn dispute settlement between the Russian Customs Service and the Bank of New York Mellon for the Wall Street Journal

Russia withdrew a $22.7 billion lawsuit against Bank of New York Mellon Corp. Thursday, agreeing to a $14 million settlement and ending a case that critics said had threatened to further tarnish the already battered reputation of its judicial system.

Legal Business looks at how domestic and international law firms are redrawing the market

Russian and CIS markets couldn’t escape the painful consequences of the global downturn. Legal Business looks at how domestic and international law firms are redrawing the market and what a series of law reforms will mean for investors.

Ilya Nikiforov tells The Lawyer the best thing about his job

The Lawyer 31 August 2009 publishes the work-life quiz with Ilya Nikiforov, Managing partner of EPAM.

Dmitry Stepanov Commented on Updated Bankruptcy Bill for Russia Today TV channel

The Ministry of Economic Development introduced another insolvency/bankruptcy bill, which is expected to bring a significant change in the company arrangements procedure for companies and for the first time in Russian legislative history to allow bankruptcy proceedings against groups of companies, including those with international structures.

Anton Kostenko comments for The Moscow Times President Medvedev’s order to investigate Russia's state corporations

President Dmitry Medvedev on Friday ordered Prosecutor General Yury Chaika and the head of the Kremlin’s oversight department, Konstantin Chuichenko, to open an investigation into state corporations, in a sign of growing skepticism over the institutions’ role in the economy.

Evgeny Raschevsky comments on new amendments to the bankruptcy law for Russia Today TV

In June 2009 amendments to the federal law on bankruptcy drafted by the Ministry for Economic Development came into effect. Evgeny Raschevsky, a partner with EPAM, comments on the amendments for Russia Today TV emphasizing that their purpose is to improve procedures to restore solvency of debtors and their financial rehabilitation.

Grigory Chernyshov comments for The Moscow Times Russian PM's initiative to adopt a bill that would ensure criminal penalties for unfair competition

...In addition to dropping its vague language, the amended law would cover cartel collusion, which it currently does not, said Grigory Chernyshov, a partner at law firm EPAM...

Mergers & Acquisitions 2009 in 58 jurisdictions worldwide publishes survey of the Russian M&A market by Elena Sokolova and Vladislav Arkhipov

Mergers & Acquisitions 2009 in 58 jurisdictions worldwide publishes survey of the Russian M&A market by Elena Sokolova and Vladislav Arkhipov

EPAM leads Top Legal International’s PEP ranking

Tucked among the financial data supplied by law firms this year were annual profits and profit margins. On the basis of these figures, TopLegal International was able to calculate the profits per equity partner (PEP) of 20 legal houses.

Annual turnover at EPAM increased by almost 100%, according to TopLegal International annual financial survey

By most accounts, Russian law firms remain an unknown force. Much of this has to do with the Russian legal market which has been less transparent compared with other European regions. Yet EPAM has done much to sweep aside the air of mystery that surrounds native Moscow practices. And it has done so to truly surprising effect.

CDR News reports about seminar on Arbitration in Switzerland held by the Swiss Arbitration Association and EPAM

Russian lawyers have hit back at the perception of Russia as a poor jurisdiction for arbitration.

Russia: Adjusting the rules of play

International Mergers & Acquisitions Review 2009 publishes survey of the Russian M&A market by Dmitry Stepanov, EPA&P corporate practice partner. 

Dealing with Corruption under Russian Laws: Local Anti-Corruption Laws and their Enforcement

Evgeny Raschevsky, Partner of EPAM, presented a report on "Dealing with Corruption under Russian Laws: Local Anti-Corruption Laws and their Enforcement" at the Summit on Anti-Corruption in Moscow