Galina Naumenko Olesya Ivanik Historically, foreign investors acquiring shares in Russian companies mainly considered tax risks of the purchased legal entities based upon tax due diligence of the target Russian companies. Tax risks of the seller, including those arising from pre-transaction restructuring, have usually been treated as risks which do not affect the new investor. Recent court decisions, however, indicate that there are additional risks to consider when making investments in Russia.
September 30 2007