CC launches Russian securities venture
Legal Director reports
January 22, 2003 at 09:43 AM
2 minute read
Clifford Chance (CC) has teamed up with the Russian Stock Exchange (RTS) to launch a consulting venture to advise Russian companies on domestic and international listings.
The initiative, also backed by Russia's Association of Manufacturers and Entrepreneurs and accountancy giant PricewaterhouseCoopers, will provide free initial advice and support to local companies on the costs, procedures and benefits of a stock exchange listing.
Michael Cuthbert, CC's Moscow-based partner, told Legal Week: "The project is designed to help Russian companies take advantage of listings both in Russia and internationally. We will be able to provide advice and help companies look how to make a listing."
The unusual venture will have a website and a comprehensive database as well as offering the advice of CC and the other professional service firms.
Russian companies have rarely made listings on foreign stock exchanges, despite last year's London placing by oil giant Lukoil, the first such listing in the UK.
However, a recent upturn in investor confidence in Russian companies has led many lawyers to predict a resurgence in the national capital markets sector.
Cuthbert commented: "There is a huge demand for raising capital in the market place since the liberalisation of the economy. There are obvious ways of raising capital and follow the developing market."
Click on 'email news' at legalweek.net to be alerted to breaking news stories.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllSkadden to Close in Shanghai and Make Cuts to China Corporate Practice
DWF Group's Canadian Firm Set to Add Fourth Office With 16-Lawyer Montreal Team
UK Law Firms Face £75M Money Laundering Investigations Alongside Russia Scrutiny
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250