Interational Law

Top Russian Law Firms Form Group to Lobby for Corporate Legal Reform

Ten leading law firms in Russia have banded together to lobby for legal reform that they and others hope will help the country become a financial center by modernizing its corporate standards.

The Partnership for the Advancement of Corporate Law was formally created earlier this month, reports Legal Week.

“The partnership will represent the interests of foreign and local investors, knowing and defending their business needs and finding and proposing solutions for a better protection of their rights under Russian law,” says partner Dmitry Krupyshev of Liniya Prava, one of the member law firms.

English law is currently applied in many Russian business transactions, because it is in better accord with modern corporate practices, the article notes.

Related coverage:

ABA Journal: “Russia Claws at the Rule of Law” “Russian Lawyer Who Died in Jail Uncovered $107M Tax Rebate Fraud, Hedge Fund Alleges” “Russian Lawyer Was Beaten by 8 Jail Guards Before He Died, Report Says”

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