1 February 2010
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.
23 January 2010
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.
14 January 2010
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.
5 January 2010
The CIS Leading Counsel Network (LCN), which launched last year and is spearheaded by Russian firm EPAM, is seeking three new members.
11 December 2009
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.
1 December 2009
Legal Week's Independent Law Firms in Europe supplement publishes Dmitry Afanasiev’s commentary on Russian legal market.
16 November 2009
A nine-member CISnetwork that launched at the beginning of November is planning to bring the alliance model into the 21st century, according to its chair. The Leading Counsel Network (LCN) is a non-exclusive alliance of firms from Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Turkmenistan and Ukraine. The network’s first meeting was held in Russia at the offices of EPAM.
11 November 2009
Called the CIS Leading Counsel Network, the group consists of: Ashga Consulting Team in Turkmenistan, Aequitas Law in Kazakhstan, Ameria in Armenia, EPAM in Russia, Fina in Azerbaijan, Kalikova & Associates in Kyrgyzstan, Rulg in Ukraine, Turcan & Turcan in Moldova and Vlasova Mikhel & Patners in Belarus.
23 October 2009
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.
1 September 2009
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.
31 August 2009
The Lawyer 31 August 2009 publishes the work-life quiz with Ilya Nikiforov, Managing partner of EPAM.
26 August 2009
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.
10 August 2009
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.
27 July 2009
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.
15 July 2009
...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...