Posted on Friday, April 2nd, 2010 | In Market Commentary, Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
There has been a major raid
by Interior Ministry investigators at Mirax Group's offices as part of
a probe into the alleged theft of $140,000 in electricity. The Washington Post
has an interesting article on a lawyer-turned-corporate-activist who is tackling the lack of transparency in Russian companies. The government has approved dramatic plans to curb mark-ups on drugs spelling decreasing profits for major drug companies. A court in Russia's Far East has upheld a court decision compelling the Finance Ministry to pay out compensation to farmers who lost their land as a result of the Russia-China border demarcation. Russia's economic downturn lessened in the fourth quarter to 3.8%. Reuters looks at why some believe Russia and Yukos will reach an out-of-court settlement. Some major investments by state giants could be ruled illegal due to a judicial flaw, says the Moscow Times. Oleg Deripaska is being touted for the board of Norilsk Nickel, prompting rumors that a merger of the company with his own Rusal could be on the agenda.
About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions.