Grigory Chernyshov and Natalia Korosteleva authored the Russia Chapter of The International Comparative Legal Guide to: Competition Litigation 2011 (3rd Edition)
Mikhail Kazantsev and Victoria Burkovskaya authored the Russia chapter of Comparative Summary of Anti-Corruption Laws in the CIS Economic Region (1st edition).
One of the recent actions of Russia's Government to support the housing program was to make VneshEconomBank issue a 40-billion-ruble credit for the Agency for Housing Mortgage Lending. According to the Stimulus Program, 2 million sq m of economy class residential real estate will be built. The program mainly targets projects in Russia's regions, as well as some projects near Moscow.
Evgeny Raschevsky and Olga Vishnevskaya authored the Russian chapter for the International Commercial Arbitration Practice: 21st Century Perspectives. This collective work, co-edited by Horacio A. Grigera Naón and Paul E. Mason, captures the development of ICA from different perspectives and uniquely brings together the ideas, suggestions and perspectives of in-house counsel as the most important users of ICA, along with outside counsel, arbitrators themselves, and major arbitration organizations who all help provide the service.
Russian independent EPAM has expanded its tax practice, to be led by Igor Schikow, who had worked at the Moscow office of Germany's Roedl & Partner.
Russian law firm EPAM and the Polish practice of Salans have both recently made internal partnership promotions.
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.
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.
Vimpelcom's acquisition of Orascom Telecom Holdings and Wind Telecomunicazioni would require specific regulatory approvals in certain countries, lawyers told this news service.
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.
A changing regulatory landscape and the influence of international firms is set to make 2010 a significant year for the Russian legal market.
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.
A Russian law firm said Anatoly Karpov, former world chess champion, nomination as a candidate for World Chess Federation (FIDE) president is illegal.
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.
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.