Trade Agreements and Disputes with CIS and Russian Entities
The dissolution of the former Union of Soviet Socialist Republics (USSR) and the increasing globalisation of trade has led to a massive upswell in trade to and from former Eastern Bloc countries.
In 1991, Russia and the former Soviet republics, including Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan formed a ‘Commonwealth of Independent States’ to promote relations between former members of the USSR.
As trade has increased, the potential for trade disputes has increased also, and although the legal systems of the CIS countries are broadly similar, when a dispute arises involving a CIS resident entity , it is essential to have in-depth expertise of both the legal system involved and the likely litigation tactics which will be used.
It is common for CIS businesses to engage in their external trade through the use of ‘tax haven’ companies, which can often make the discovery of important evidence difficult as well as obscuring the jurisdictional issues.
In many instances, it will be preferable for contracts with CIS entities to be written under English law, which is widely used internationally because of its precision, well-developed legal principles and the lack of bias in the judiciary.
Because of the complexities of litigation in the CIS, and the likelihood of procedural irregularities, a well-defined litigation strategy for actions against CIS-based organisations or individuals is necessary from the outset. Often, a better result will be able to be obtained through the use of mediation.
How Selachii Can Help
To guide you successfully through the minefield presented by making and enforcing contracts and other trade agreements with CIS based businesses, Selachii has developed specific expertise in the area and built a web of local contacts which can be invaluable in negotiations and in resolving disputes with CIS resident entities.
Our expertise can assist you to ensure that and trading agreements you make with CIS resident entities protect your interests as far as is possible and, in the event of a dispute, you can be assured of skilled and tenacious representation.
Further information - Selachii LLP, Russia CIS Dispute Lawyers
Selachii is a dynamic litigation and dispute resolution law firm based in Kensington, London. We put the best interests of our clients at the heart of everything we do. We work with both businesses and private individuals, giving them legal advice and support which is unique to them and their situation.
We don’t believe in simply handing out one-size-fits-all solutions to problems. We will focus on your specific circumstances before working out the best and most cost-effective way of helping you achieve your aims.