Wednesday, September 12, 2012

Putin Signs Decree on Russian Companies Sued Abroad

President Vladimir Putin has signed a decree on measures to protect Russia's interests through legal entities conducting foreign economic activity. "Strategic companies" will now have to agree their actions with the government when claims are brought against them by foreign states. Under these circumstances, stock companies included in the list of strategic companies approved by the president will have to provide information about their activity, and to amend contracts with foreign contractors and other documents dealing with commercial price policy in foreign states only after having received a government-authorized agency's preliminary consent.  This apparently means that companies, e.g., Gazprom, before complying with a judgement of a European court, will have to obtain permission from the Russian government.

http://www.rapsinews.com/legislation_news/20120911/264637673.html

No comments:

Post a Comment