Russia’s accession to the World Trade Organization: challenges and opportunities for Russian companies
On 22 August 2012, after 19 years of negotiations, the Russian Federation became the 156th member of the World Trade Organization. This event marks the accession of the last major world economy to the international trading regime. Proponents, opponents, academics, and businesspeople from within and outside Russia have commented extensively on Russia’s accession.
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For the past 10 months, the US Department of Justice and the Enforcement Division of the Securities and Exchange Commission have advised the public that they are in the process of drafting guidance for companies regarding the requirements of, and prohibitions within, the US Foreign Corrupt Practices Act.
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When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.