Brooklyn Journal of International Law published an analytical article about international arbitration awards on terms agreed by the parties written by Dmitry Davydenko, LL.M., attorney of Muranov, Chernyakov & Partners, in co-authorship with Yaroslav Krivoy (LL.M., MCIArb).
Today Friday, 20 April, 2018 year
The research of the expert from Muranov, Chernyakov & Partners was published in Brooklyn Journal of International Law
It is for a long time that courts estimated quite modestly the work of the court representatives. The amounts of costs recovered were significantly “cut” which levelled down the value of the judicial protection itself. This was the case despite nearly imperative instructions of the supreme courts on unacceptability of arbitrary reduction of the amounts recovered. However, there are several cases in the Russian courts’ practice which completely changed the approach to recovery of such costs reflecting a new position on the “success fee”.
As it became known to Banki.ru, the creditors of the Project Financing Bank are seeking increase of the credit establishment’s bankruptcy assets from the administrator represented by the Deposit Insurance Agency. Until present there have been no precedents of the depositors’ representative playing a key role in returning the assets of the banks that went bankrupt.
ITAR-TASS: The New Law on Consumer Credit Does Not Help Borrowers Estimate the Total Credit Cost So Far
ITAR-TASS correspondents decided to check how the banks meet new requirements, paying a visit to four leaders of the Moscow POS-crediting market. The experts of Muranov, Chernyakov & Partners give to the agency their comments on the new law on consumer credit.
The «Competition and Law» journal published the article «Who and When Wins in Antimonopoly Proceedings?» by Vadim Novikov, the specialist in antimonopoly (competition) sphere, senior researcher at the Russian Presidential Academy of National Economy and Public Administration. It analyzes the factors influencing the success in disputes with the Federal Antimonopoly Service and its subdivisions. He was assisted in research by Oleg Moskvitin, head of practice in Muranov, Chernyakov & Partners law firm.
The amended Civil Code of the Russian Federation to be in effect on the first day of autumn will provide business companies with another tool for efficient implementation of their rights, i.e. a corporate contract. However, before entering into such contracts, members of LLCs and shareholders of JSCs should examine the risks related to such innovations, as legislative provisions have some gaps causing divergent interpretation. Read the article written by specialists of Muranov, Chernyakov & Partners in Economics & Life.
The minority shareholder of Tomusinsky Open-pit Mine, JSC (Saven Enterprises Ltd) that enters Mechel OAO and is registered in the BVI, procured in Cyprus a seizure of shares in Mechel OAO owned by Igor Zyuzin.
The State Duma considered in the second reading the presidential amendments to the Commercial Procedure Code (CPC) related to judicial reform.
Referring to a draft statute, the Supreme Commercial Court elected not to develop a plenum’s draft resolution on an issue important for businesses - cadastral valuation of real estate. This is the first and only case, lawyers say. That makes sense as a controversial issue is going to be passed to jurisdiction of the regular courts, and the work of judges may become unnecessary.