Friday, October 29, 2010
Thursday, October 28, 2010
Tuesday, October 26, 2010
Friday, October 22, 2010
Thursday, October 21, 2010
The oppositionists, however, refused to guarantee the low attendance, and the next day the authorities disallowed the meeting. Earlier all similar demonstrations have been invariably banned and dispersed by the police.
Wednesday, October 20, 2010
Monday, October 18, 2010
Friday, October 15, 2010
Thursday, October 14, 2010
International Forum of the Global Innovative Partnerships Brings U.S. High-Technology Delegation to Russia
Wednesday, October 13, 2010
Friday, October 8, 2010
Russia Unlikely to Comply with Court’s Recommendation to Suspend Customs Duties on Oil Exports to Belarus
Thursday, October 7, 2010
Wednesday, October 6, 2010
OJSC “ARCELORMITTAL KRYVIY RIH” issued a press release stating that the Attorney General's Office of Ukraine (“Genprokuratura”) filed a claim on behalf of the State Property Fund (SPF) against “ARCELORMITTAL DUISBURG GmbH” with the Kyiv Economic Court to invalidate an agreement between ARCELORMITTAL and SPF related to certain investment obligations.
According to the press release, the state court improperly assumed jurisdiction over the claim ignoring the agreement's arbitration clause regarding the referral of disputes to the International Commercial Arbitration Court at the Ukrainian Chamber of Commerce and Industry. At the same time, ARCELORMITTAL pointed out, the court failed to comply with The Hague Service Convention when it neglected to properly summon the defendant to court.
Should the claim succeed, ARCELORMITTAL faces possible confiscation of its more than $4 billion investment as a result of the purported breach of its investment obligations. ARCELORMITTAL contends that the speed of the court proceedings and apparent legal nihilism cast doubts as to “real intent” of the court and raise questions about protection of investments in this country.
Tuesday, October 5, 2010
Last Friday, the State Property Fund of Ukraine (“SPF”) officially announced its plans to sell 92.79% of the stock of Ukrtelecom. SPF has attempted and failed on a number of occasions since 1997 to sell the national fixed communications incumbent. According to the press, the government plans to cash in around 12 billion UAH (approx. €1,1 billion) from the privatization proceeds.
The shares of stock are planned to be sold at auction. SPF also invited interested parties to participate in drafting the terms of the sale of the stock.
Monday, October 4, 2010
Friday, October 1, 2010