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 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.
With the resolution of two high-profile cases, relations between Russia and the West could finally be thawing. James Swift investigates. Is Russia subtly wooing the West? There are no flowers, chocolates or sweet nothings being whispered but in October, politically charged, multibillion-dollar litigations against Bank of New York Mellon and Telenor were settled amicably. When you consider the nature of the Russian authorities, it is practically foreplay.
Dimitry Afanasiev provides insight into newly formed CIS Local Counsel Network for The Legal Business
Nine leading CIS firms – including one of Slaughter and May’s Russian best friends – have joined forces to create the region’s first alliance network, Legal Business can reveal. The CIS Local Counsel Network (LCN), which formally launched in September, aims to target referrals from international law firms and also capture an increasing share of inter-CIS investment work.
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.
The legal profession and the free market are gradually evolving in post-Soviet Union Russia, but Dimitry Afanasiev calls for faster progress. The global financial crisis has so far not been as scary for Russian law firms as many had initially predicted; indeed, while there has been about a 10 per cent drop in workloads overall, some firms are riding out the storm quite well.
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.
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 Egorov, Puginsky, Afanasiev & Partners, 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 Egorov Puginsky Afanasiev & Partners...