Just a few years ago, investment and M&A transactions were executed mainly under English law, largely due to the lack of legal regulation of the aspects relative to such transactions in Russia. However, the situation has changed, and nowadays we see a growing number of investors and start-ups working under Russian law. One of the reasons for this is an implementation of some of the well-accepted institutions of English law into the Russian legal system. Thus an article on representations (431.2) («заверения об обстоятельствах») appeared in the Russian Civil Code (became effective) on June 1, 2015.
On September 26, 2018, we’ve held our first private meetup for our clients and friends of the firm. The topic of the first meeting was devoted to investing in digital financial assets, which raises many questions, the answers to which are rarely available in large conferences, where dozens of speakers and hundreds of people gather.
This week marks a significant event for Norland Legal – we have joined ALFA International, the leading international network of independent law firms. This decision has been determined by a steady demand of our customers in Russia for the legal support of their business abroad and an increasing number of requests for advice on the application of foreign laws.
Cooperation of Russian business with China, as well as with other countries of the Asia-Pacific region, has been leading to the implementation of a large number of cross-border projects involving business representatives from these countries. Considering this vector of development, our firm has enhanced cooperation with Russia-China Law Society (RCLS) to extend specific expertise in this area and to firm up the liaison with legal consultants in Asia. Norland Legal will be represented in RCLS’ board by its Managing Partner Vladislav Lurye.
In April 2018 our company won a tender of the Russian venture company (RVC) for the provision of legal services to support the transaction on establishing a corporate venture fund in the form of an investment partnership under Russian law. RVC and two large Russian companies will be investors of the fund. Continue reading
The option agreements that appeared in the Russian legislation in 2015 allowed solving a number of problems arising in structuring of M&A transactions, direct investment and venture financing under the Russian law. Nevertheless, our firm often faces problems related to the implementation of option agreements in practice.
We are pleased to announce that Norland Legal won the Preqveca Award for the 3rd place in the ranking of the best Russian law firms in 2018 in the Venture Capital market. Continue reading
We are glad to inform you that the international ranking IFLR 1000 Financial and Corporate 2018 recommends Norland Legal among the leading firms in banking and finance and mergers & acquisitions in Russia.
Today General Meeting of members of Russian Venture Capital Association (RVCA) has admitted our law firm to membership of this association, which main mission is to promote the Russian PE&VC market formation and development. Being the RVCA member means for us to bring our contribution to the formation of legal and entrepreneurial climate favorable for investment activities in Russia.