Suren Gortsunyan Quoted on Differences Between Russian and English Corporate Law
Akin Gump cross-border transactions partner Suren Gortsunyan has been quoted by Pravo.ru for its article “Российское против английского - какое корпоративное право лучше? (Corporate Transactions: Russian vs. English Law)”.
Gortsunyan, quoted as a speaker on a panel by the same name at the Kazan Legal International Forum 2017, held from September 14-16, said that commercial motivations and negotiating power will often determine the choice of governing law. He added that the existence of assets abroad is important and can affect the execution of the judgment.
Gortsunyan said that the desire to hide the beneficiary, on the other hand, became less important, and he believes that, with time, Russian law would increasingly be used with regard to Russian assets. Further, the court practice on warranties is being formed.