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...
6 July 2009
The fourth CIS Local Counsel Forum in Ukraine saw more than 150 lawyers and academics, as well as various government representatives and one ambassador, meet in Kiev.
20 June 2009
Mergers & Acquisitions 2009 in 58 jurisdictions worldwide publishes survey of the Russian M&A market by Elena Sokolova and Vladislav Arkhipov
1 June 2009
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.
1 June 2009
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.