Eversheds Sutherland has expanded its tax practice in Russia by hiring Andrey Grachev and a team of lawyers from KPMG. Grachev joins Eversheds as Counsel.
Public private partnerships and concessions are effective tools to allow governments to partner with the private sector to develop and finance key infrastructure projects. These forms of collaboration are particularly relevant in Russia, where infrastructure investment needs are estimated by the World Bank to be about USD 1 trillion.
The winners of the 2017 CEE Deal of the Year Awards were announced at the first ever CEE Legal Matters Deal of the Year Awards Banquet last night in Prague. The biggest smiles in the joyous and music-filled celebration of CEE lawyering, perhaps, were on the faces of Partners from Avellum and Sayenko Kharenko, which, along with White & Case and Latham & Watkins, won the award both for Ukrainian Deal of the Year and CEE Deal of the Year for their work on the 2017 Ukraine Eurobond Issue (a story initially reported by CEE Legal Matters on October 2, 2017).
Egorov Puginsky Afanasiev & Partners has successfully represented Bank Saint Petersburg in a case against Russian entrepreneur Vitaly Arkhangelsky and Oslo Marine Group Ports LLC before the High Court of Justice. The Court ordered Oslo Marine Group Ports to pay St. Petersburg Bank over RUB 1.5 billion and dismissed the counterclaim of Arkhangelsky and OMG.
The Moscow office of Bryan Cave Leighton Paisner has successfully represented the Prosveshcheniye publishing house in an intellectual property rights dispute against Russian publishing house Ventana-Graf, part of the Russkiy Uchebnik Corporation. The Court ordered Ventana-Graf to pay Prosvescheniye RUB 3.7 billion as compensation for trademark infringement.
Bryan Cave Leighton Paisner has represented the interests of Double LLC, a software developer for searching, storing, and analyzing large amounts of data, in a dispute with the social network VKontakte over the use of open data from a social network on the principle of a search engine. VKontakte was represented by S&K Vertical.
"The biggest challenge for companies in Russia today is the serious administrative burden," says Andrei Gusev, Managing Partner at Borenius Russia. "There are a huge number of outdated conglomerate regulations in various sectors, applied since the Soviet times, that leads to contradictions among requirements and regulations."