Doing Business with Russia (Global Market Briefings)

Book Cover......Page 1
Title......Page 2
Copyright......Page 3
Contents......Page 4
Foreword......Page 7
List of Contributors......Page 9
Map 1:Russia and its Neighbours......Page 19
Map 2:Russia and its Regions......Page 20
Map 3:Moscow and its Boundaries......Page 21
Introduction......Page 22
Part One Background to the Market......Page 33
1.1 Developments in the Political Environmen......Page 34
1.2 An Overview of the Russian Economy: Money Matters......Page 42
1.3 The Legal Regime and Regulatory Environment for International Busines......Page 61
1.4 Latest Developments in the Foreign Investment Climate......Page 69
1.5 The Russian Investment Climate......Page 73
1.6 Russian Country Risk: Clouding Future Prospects for Russian Corporates......Page 86
Part Two The Financial Secto......Page 98
2.1 The Russian Banking System: An Overvie......Page 99
2.2 Retail Banking......Page 109
2.3 Twelve Years of the Russian Insolvency Regime......Page 112
2.4 The Issuance and Regulation of Securitie......Page 121
2.5 Currency regulation......Page 125
2.6 Corporate Governance Development in Russi......Page 129
Part Three Market Potential......Page 137
3.1 Russian Oil and Gas......Page 138
3.2 The Business Climate in the Russian Oil and Gas Sector......Page 144
3.3 The Oil and Gas Industry: The Regulatory Environment and Legal Infrastructure......Page 152
3.4 Investing in a Reforming Electric Utilities Industry......Page 157
3.5 Russian Energy Sector Policy......Page 165
3.6 The Telecommunications Market......Page 175
3.7 Telecommunications: The Regulatory Framework......Page 193
3.8 The Russian IT Market......Page 197
3.9 The Automotive Industry......Page 203
3.10 The Pharmaceuticals Market......Page 209
3.11 Investing in Russian Pharmaceuticals:Crisis or Renaissance?......Page 219
3.12 The Development ofRetail......Page 227
3.13 The Brewing Industry......Page 234
Part Four Getting Established: The Taxation and Legal Environment......Page 244
4.1 Business Structures......Page 245
4.2 Establishing A Presence......Page 253
4.3 Russian Business Entities......Page 259
4.4 Business Taxation......Page 269
4.5 Russian Taxation......Page 278
4.6 Auditing and Accounting......Page 293
4.7 New Russian Customs Legislation......Page 303
Part Five Business Development: Operating an Enterpris......Page 309
5.1 The Property Regime in Russia......Page 310
5.2 Land Relations in the Russian Federation......Page 316
5.3 Intellectual Property and E-commerce......Page 321
5.4 Arbitration and Dispute Resolution......Page 331
5.5 Employment Law and Work Permits for Expatriates......Page 338
5.6 An Investment Project in Russia:Applicable Laws......Page 344
5.7 Entrepreneurial Start-ups......Page 353
5.8 Property Rights......Page 360
5.9 Competition Law......Page 371
Appendices......Page 378
Appendix 1 Learning from the Russian Experience: Regional Debt Defaults and Recovery 1998-2003......Page 379
Appendix 2 Placing Investment Projects within the Context of National Significance......Page 392
Appendix 3 Useful Business-Related Websites......Page 397
Appendix 4 Contributor Contact Details......Page 400
Index......Page 405
Index of Advertisers......Page 417