Numerous foreign companies have recently decided to exit the Russian market or restructure or suspend their operations. The rapid implementation of these business decisions within constrained timeframes not only entailed legal risks for companies, but also led to practical difficulties in cooperation between global and local management. The unique legal status and significant scope of powers that Russian law grants to a company’s general director may further complicate communication processes and adversely affect the company’s future outlook.
This situation has led to increased demand for full-scope legal services that aim to establish and ensure a framework of control over local management and a procedure for it to cooperate with the foreign owner of the business.
This document provides a list of the practical issues that most clients of ALRUD Labour and Employment Law Practice face in crises arising from confrontations involving the local management of companies and the services we provide to resolve them.
We hope that the information provided herein will be useful for you.