A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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The Russian legal system as a factor in attracting investment
1 June 2017

Russia’s legal system has seen a major overhaul in recent years, including a sweeping reform of the Civil Code, changes to the system for resolving economic disputes and the ongoing revision of the monitoring and oversight framework. Modern legal concepts have been introduced that allow for complex investment projects to be carried out, such as representations and warranties, escrow accounts and shareholder agreements. Reorganization of state courts and the introduction of procedures for forming arbitral tribunals and expansion of their powers have enabled parties to resolve economic disputes much faster than before. The legal community is well aware of these changes, but business owners and executives of Russian companies are slow to come on board, as they are used to thinking of English law as the only possible option. What new opportunities does the Russian jurisdiction offer businesses? How effective is the legal protection afforded to foreign investments in Russia? How successful are the measures being implemented to reduce administrative burdens on business? What steps need to be taken and what international best practices could be used to further improve the Russian legal system?

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