is Russia heading in?
Russia doesn't really deserve to be called an emerging
market. Seventeen years after the rocky transition from
soviet-communism, its economy is developing sophistication and
wealth that puts it leagues ahead of its developing neighbours.
Two years after the Yukos scandal foreign investment in Russia
is soaring. And international law firms are growing their
practices as fast as they can.
But there is a strange disconnect between the high-profile
politicking portrayed in the media and the phenomenal growth in
foreign investment touted by the government and many law firms.
Counsel should take care not to pay too much attention to
Two and a half years ago, on December 18 2004, one of
Russia's largest companies – the $9 billion
Yuganskneftegas – was bought at a two-man auction.
Via mobile phone a company no one had ever heard of, with