Victor Dumler considers the ease of enforcing foreign arbitral awards in Russia – particularly recent cases where parties have resisted enforcement saying they were not notified of necessary information regarding the arbitration or that it breached public policy.
Russian law firm Egorov Puginsky Afanasiev & Partners and the Polish practice of Salans have both recently made internal partnership promotions.
Reckitt Beckinser, the listed British consumer goods producer, has filed an application to Russian antitrust regulator FAS to acquire the Russian subsidiary of SSL, according to an FAS spokesperson.
Mergermarket publishes Evgeny Bolshakov’s commentary on Vimpelcom's acquisition of Wind Telecomunicazioni
Vimpelcom's acquisition of Orascom Telecom Holdings and Wind Telecomunicazioni would require specific regulatory approvals in certain countries, lawyers told this news service.
The European Lawyer writes that Egorov Puginsky Afanasiev & Partners has worked for a unit Danone on the €1.5bn merger with Unimilk
The deal sees Danone Fresh Dairy Product businesses tie-up with Russia-based company Unimilk. The merger covers all the companies’ dairy products in Russia, Ukraine, Kazakhstan and Belarus.
The Lawyer names Egorov Puginsky Afanasiev & Partners Law Offices the Russian firm that operates international-style partnership
A changing regulatory landscape and the influence of international firms is set to make 2010 a significant year for the Russian legal market.
Interfax cites Egorov, Puginsky, Afanasiev & Partners statement on Anatoly Karpov nomination as World Chess Federation president
A Russian law firm said Anatoly Karpov, former world chess champion, nomination as a candidate for World Chess Federation (FIDE) president is illegal.
The energy group of Dutch firm Nauta Dutilh was lead counsel for MISC Berhad, the shipping subsidiary of Malaysia's national oil company Petronas, in its acquisition of a 50% stake in Vitol Tank Terminals International (VTTI) for $735m (€595m) in cash.
The Moscow Times features Dmitry Stepanov comments on a draft legislation against Russian-style corporate raiders
Kremlin-drafted legislation aimed against Russian-style corporate raiders — unscrupulous businesspeople who seize property through dubious registrations and share emissions — will come up for a first reading in the State Duma. But the legislation, which introduces harsh penalties for raiders, might also backfire and hurt rightful shareholders because of deep-rooted corruption, legal experts said.
The Moscow Times features Grigory Chernyshov comments on a bill that would fight circular ownership structures by depriving a company's subsidiaries of voting rights and dividends from owning shares in the parent firm
State Duma deputies have introduced a bill that would fight circular ownership structures by depriving a company's subsidiaries of voting rights and dividends from owning shares in the parent firm, although experts said the proposals went too far. The amendments limiting the use of cross holdings were submitted by four Duma committee chairmen from United Russia. When subsidiaries buy the parent company's shares, managers are able to control the firm to shareholders' detriment and the company becomes less transparent, the deputies wrote in explanatory notes to the bill. There are also risks of conflicts of interests, Viktor Pleskachevsky, a co-author of the bill and chairman of the Property Committee said.
Despite challenging economic and political conditions, Moscow law firms said they have not only stuck to their investment plans during the crisis but also intend to expand further in the near future.
The Moscow Times: Natalia Korostelyova comments on the FAS decision to sue over strategic sector violations
The Federal Anti-Monopoly Service on Monday accused several Russian and foreign companies of flouting the law for investing in strategic industries and said it would retaliate in court for the first time since the rules took effect almost two years ago.
Dmitry Stepanov commented for the Moscow Times on the state receiving a privileged share in Sakhalin Energy
Immediately after Gazprom bought out international companies' stakes in Sakhalin-2, the state received a privileged share in Sakhalin Energy, which paid a $1.35 billion dividend.
Dmitry Stepanov commented for the Moscow Times on recognition of the Supreme Arbitration Court’s right to set legal guidelines
The Constitutional Court has decided that the Supreme Arbitration Court has the right to set legal guidelines, not just follow the law — a move that lawyers say is the first step toward a precedent-based system of law.
Egorov, Puginsky, Afanasiev & Partners represents Yelena Novitskaya in the European Court of Human Rights, Bloomberg reports
OAO Severstal billionaire Alexei Mordashov’s ex-wife is seeking $500 million at the European Court of Human Rights because a judge in the steelmaker’s hometown ordered her to pay $7.2 million for challenging their divorce agreement.