Open AccessThe Legal Framework for Doing Business in Russia: A Summary
Author(s) -
Paul Dräger
Publication year - 1994
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr672
Subject(s) - bureaucracy , legislation , politics , legislature , flexibility (engineering) , petroleum industry , patience , arbitration , soviet union , political science , business , law , economics , management , engineering , philosophy , theology , environmental engineering
The Canadian oil and gas industry has been particularly successful in establishing operations in Russia. The author argues that the Canadian penetration of Russia's byzantine legislation, regulation and bureaucracy is due to Canada's long history of governmental and commercial dealings with the former Soviet Union; to Canada's relatively low profile on the international political scene; and to the fact that those involved in the petroleum industries in Canada and Russia share similar experiences in terms of the problems posed by climate, geology and jurisdictional overlap in both countries, experiences which have led to mutual understanding and enhanced co-operation. The author provides an overview of the issues and options which confront a Canadian company in the process of establishing a viable operation in Russia. He suggests that patience, flexibility and long-term planning are the management tools required to succeed in Russia's fluid and complex legal and legislative environment.