Source: The Lawyer.com

Freshfields is leading the pack, but bidders still need to be convinced. By David Middleton

The invasion of Russia by Western corporate lawyers has been going on for some time, but there is a new type of lawyer taking an interest in the country - the project finance advocate.

US and UK firms are evenly matched in the corporate stakes. But with Russia's traditional focus on the New York financial markets tempered by an increasing eye on London, UK firms have a clear advantage in the project finance market.

Having been conceived in the early 1990s, the UK PPP model is mature and well advanced. It was also a model for Russia's Federal Law No 115-FZ, adopted in July 2005, which sets out the country's stance on concession agreements.

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Posted by pichu at March 3, 2007 6:51 PM