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Seminar “Having business with a foreign partner: forewarned is forearmed. Actual legislative restrictions and requirements of the foreign companies to contractors”
Kachkin & Partners, the international law firm Stephenson Harwood and Leningrad Region Chamber of Commerce and Industry organized the seminar «Having business with a foreign partner: forewarned is forearmed. Actual legislative restrictions and requirements of the foreign companies to contractors».
The event took place on June 19th, 2013 from 10 AM till 14 PM at the Conference hall of Leningrad Region Chamber of Commerce and Industry, Business centre «Sovereign», 22 bld A Maly av. V.O., St. Petersburg.
Numerous Russian companies, wishing to deal with partners abroad, face the strict requirements of the foreign firms. Financial stability, lack of lawsuits initiated against the company, absence of partners in the «prohibited countries» and etc. are to be confirmed – the list of requirements may take certain pages. If a contractor doesn’t correspond with the criteria, the contract may not be signed or the conditions of such contract may be unprofitable. Company’s documented honesty is becoming an important competitive advantage.
The more serious problem may be the public authority’s requirements. Deal’s prohibition, fines, impleading — the sanctions’ list is imposing. Russian and British law experts will talk on what is necessary to be ready with, how to assert one’s law-abidingness and protect the violated rights in court.
Topics of discussion included:
Barriers on the way of deals with foreign contractors: antimonopoly, custom, banking. Controllers’ authorities, sanctions challenging
- The Bribery Act 2010 – why to be aware of it?
- New types of law breaking connected with bribery. Hospitality or bribery?
- Cases of the Bribery Act application outside the UK
- Sanctions for the law breaking. Practice examples
- International economic sanctions — actual problem of the European business
- Having business with companies directly or indirectly related to the countries victimized by political sanctions (Syria, Iran, Belorussia, etc.)
- Consequences of breaking the sanctions regime. The latest practice examples
Contractor’s examination by the British companies
- Why do the British companies examine contractors? How do they do it?
- New — obligatory contractors’ examination for the availability of anti-corruption law internal procedures
- Documents package preparation for the examination: Russian day to day realities
- Lawsuits in Britain: nuclear weapon agains debtors — opening secrets
- Why some Russian parties litigate in London: advantages and challenges
- Opportunities of lawsuits financing — opening doors to hopeless petitioners in case of a serious suit
Foreign decision vs. Russian enforcement. Should the Russian companies execute the foreign state public authorities’ regulations and court decisions?
Speakers:
Sue Millar, Partner, Head of Financial Dispute Resolution Group at Stephenson Harwood;
Tatiana Minaeva, Partner, Head of Russia and CIS Desk at Stephenson Harwood;
Rose Prince, Commercial Dispute Resolution Practice Senior Associate at Stephenson Harwood;
William Sonders, Partner, Head of Financial Institutes Practice at Stephenson Harwood;
Kirill Saskov, Partner, Head of Corporate and Dispute Resolution Practice at Kachkin & Partners;
Alexandra Ulezko, Corporate and Dispute Resolution Practice Associate at Kachkin & Partners.
Stephenson Harwood LLP – an international law firm with a head office in London and offices in Paris, Hong Kong, Piraeus, Shanghai, Guangzhou and Singapore, Dubai and Beijing. Stephenson Harwood LLP is acknowledged as the Best Litigation and Regulatory Law Firm Of The Year according to British Legal Awards 2012 as well as Thomson Reuters’ Annual Compliance Awards 2012.
