For those of us who live and work in Russia, you get a much different perspective on corruption than what one would receive from the US media. Russia today is different than the Russia during the 1990′s. There are even considerable improvements since the Russia of five years ago. Below is a very interesting report from Laura Brank, Managing Partner, Moscow office (Head of Russia Practice) for Dechert LLP that I received from their mailing list:
While the 1998 Russian and 2008 global financial crises have prompted the Russian government to enact laws protecting shareholders’ and creditors’ rights and to make other reforms needed for economic growth, Russia’s pro-business efforts have gone largely unnoticed in the West. In an op-ed in The National Law Journal, Laura M. Brank, head of Dechert’s Russia practice and managing partner of the firm’s Moscow office, examines changes to Russian laws affecting foreign investment and their positive impact on Russia’s business climate.
Click here to read “Russia’s Legal Climate: Another Perspective”, by Laura Brank
