In 2011/2012, there have been a number of legal reforms and regulatory changes in the Russian Federation which have implications for foreign investors proposing to invest or who are already doing business in the country.
Major developments include ratification of Russia’s protocol of accession to the World Trade Organisation ("WTO"), which is likely to create enhanced opportunities for investment and trade. Changes to Russia’s tax regime and several judicial decisions (including a case suggesting foreign court judgments may be enforceable in Russia) are also relevant to foreign investors.
The Client Alert contains a summary of notable developments in Russia.