When the terms ‘business’ and ‘Russia’ are found in the same sentence, the word ‘corruption’ is never far behind it seems, so it is unsurprising that much has been made of how the UK Bribery Act could effect (indeed hopefully improve) the investment climate in the ambit of the Kremlin.  The Lawyer has a special feature on the build-up to the materialization of the law:

“The practice areas that I spend most of my time on now are compliance, anti-bribery and anti-corruption,” reports Paul Melling, founder of Baker & McKenzie’s Moscow office. “A lot of Russian clients are concerned about their exposure to the Bribery Act as a result of obtaining a listing in the UK. Many Russian companies – the smart ones anyway – see the increased focus on extraterritorial regulation of anti-corruption as an opportunity in many ways.”