EPAM announces registration of a Non-Profit Partnership For Advancement of Corporate Law.

The Partnership was established by leaders of the Russian legal services market in response to an evident demand for developing key principles of the Russian Corporate law. It aims to facilitate a more extensive application of the Russian law and make investing in Russia more attractive and efficient by protecting investors’ rights in the Russian Federation.

The Partnership’s statutory objectives include: increasing competitiveness and assisting in efficient application of corporate law; facilitating consistency of corporate and financial laws in the Russian Federation with the best international practice; analysis and assistance in applying successful international experience to individual cases in corporate regulation; and involvement in lawmaking process.

The Partnership was founded by EPAM, EDAS, Andrey Gorodissky & Partners, VEGAS-LEX, Liniya Prava, ALRUD, Capital Legal Services, Goltsblat BLP, Pepeliaev Group, YUST and State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”.

“Establishing such an association of professionals – lawyers representing leading Russian law firms – is a serious step showing the intention of legal professionals to create a comfortable business environment. I am convinced that this will set off the process which will result in the emergence of the effective and functional Russian law that is much sought-after”, said Dmitry Stepanov, Partner at EPAM.