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  08 September 2010
 
Raise Country Risk Again for Russia ? by Kenneth Rijock
 
 

The unfolding scandal playing out in the criminal trial of the former executives of Yukos, the seized and dismantled Russian oil company, promises to expose the sordid side of what passes for justice in Russia in 2010. The Yukos Defendants are pointing to the reportedly unprecedented withdrawal of a decade of audits performed by a global accounting firm for Yukos, as having occurred as the direct and proximate result of threatened criminal action against the accounting firm's staff, amid fears that the Russian Government would not renew the company's operating license, unless the audits were voided for grounds which would lead to charges against the Yukos leadership. When it appears, to the objective observer, that such events can, and do happen, then you can throw out any chance a foreign company or businessman has of obtaining fair and impartial justice in Russia. The rule of law has simply been co-opted; it does not exist. Kindly govern yourself accordingly. 


For further reading, please visit: http://www.world-check.com/articles/2010/09/08/raise-country-risk-again-russia/
 
For more information on the author please click on the following link: http://www.world-check.com/kennethrijock/


 

 


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