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VEGAS LEX

52, KOSMODAMIANSKAYA EMBANKMENT, 115054 MOSCOW, RUSSIA
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Work +7 495 933 0800
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Web:
www.vegaslex.ru
Krasnodar, Moscow, Volgograd

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Public-private partnership in Rostelecom’s projects: opportunities and formats

May 2015

On May 12-15, 2015, the Public-Private Partnership Development Institute organized a professional development program for Rostelecom staff on PPP projects. VEGAS LEX experts were invited to speak at training sessions.

On May 12 and 13, Head of PPP and Infrastructure Practice Evgenia Zusman spoke at training sessions on Opportunities for Public-Private Partnership in Rostelecom Projects and Other Formats of Public-Private Cooperation, organized by the Public-Private Partnership Development Institute*.

On the first day of training, Ms. Zusman gave a lecture on Nature and Concession Laws: Recent Changes in Concession Legislation and How Concession Laws Can be Applied to Information Society Projects. She spoke in detail about the PPP situation in Russia, about the subjects, facilities and important conditions on concession agreements, and about ways to conclude concession agreements. She discussed the concession legislation development trends and the possibilities of using the concession format for Rostelecom projects.

On the second day of training, Ms. Zusman and Maxim Tkachenko, Executive Director of the Public-Private Partnership Development Center, explained to the participants how private initiative works in concession projects and what legal risks it entails. They also reported the results of the study on Private Initiative in Concessions: International Experience and Prospects in Russia.

The experts discussed the flaws in the current procedure for considering "private initiatives" and grounds for rejecting it, and demonstrated various approaches to private initiatives that can be used by potential initiators, the government agency involved and the financing institution.

The training program included a business simulation game that involved initiating a concession project in accordance with the new procedure. Lawyers from VEGAS LEX’s PPP and Infrastructure Practice, Irina Dolgikh and Mikhail Kornev, took part in the game as experts.

Legal Developments by:
VEGAS LEX

  • Information law for company participants – the search for a balance of interests

    At the present time, in various legal relationships there exists the acute problem of observing a balance of interests concerning the parties involved in these legal relationships, their legal rights, and their mutual economic needs. Judicial practice, when considering disputes between these kinds of parties, takes into consideration not only the formal requirements of legislation, but also the real economic and legal goals and interests of the participants.
    - Vegas Lex Law Firm

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