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Cyprus Is Business-Friendly, Legal and Sunny

In response to "Cyprus, Not WTO, May Modernize Russia," a comment by Daniel Klein on April 25. In response to "Cyprus, Not WTO, May Modernize Russia," a comment by Daniel Klein on April 25. Editor, I am concerned that parts of Klein's article are misleading...

Cyprus Will Remain a Valuable Partner for Russia

In response to "Cyprus, Not WTO, May Modernize Russia," a comment by Daniel Klein on April 25. In response to "Cyprus, Not WTO, May Modernize Russia," a comment by Daniel Klein on April 25. Editor, To borrow a phrase from U.S. writer Mark Twain, the...

Restoring the Spirit of the Elbe Meeting

By Kevin Ryan

... former commander-in-chief of Strategic Command, General Eugene Habiger, and the former head of the Defense Intelligence Agency, Lieutenant General Michael Maples. The Elbe Group has met three times, its most recent session being in March outside Larnaca, Cyprus. The group adopted as its first mission statement in 2010 to focus on the prevention of nuclear terrorism and worked with experts at Harvard Belfer Center and the Institute for U.S. and Canadian Studies in Moscow to publish the first joint assessment...

Publishing Merger Sought

... two publishers is Russia's largest. They both have their own logistics and retail networks. According to the SPARK database and Unified State Register of Legal Entities, most of the companies in AST Group, which total more than 100, are owned by the Cyprus-registered AABP Advanced Achievement Books Publishers. According to the Cypriot registry, Andrei Gertsev and Yakov Khelemsky each own 33.35 percent of shares in that company. Eksmo is owned by Oleg Novikov and Andrei Gredasov. Together, Eksmo and...

TNK-BP Pays Dividend

... TNK-BP Holding, the traded entity of TNK-BP, recommended Tuesday paying a dividend of 9.96 rubles (32 cents) per ordinary and per privileged share. That is on top of a first-half dividend of 3.41 rubles per share. TNK-BP Holding is 95 percent owned by Cyprus-registered Novy Investments, which is in turn controlled by TNK BP Ltd., a 50-50 joint venture between oil giant BP and Russia-linked consortium AAR. "TNK-BP once again supported its status as the best dividend payer among Russian oils,"...

Parents Seek Help in Ugly International Custody War

By Natalya Krainova / The Moscow Times

... group’s attention, Finland took 44 children from 34 families and Norway 15 children from 11 families. France removed three children from three families, Germany five children from three families and Australia four children from one family. Additionally, Cyprus took two children from two families, the Netherlands three children from two families and Italy four children from one family. The United States, Canada, Denmark, Austria, New Zealand and Malta each removed one Russian or half-Russian child from...

Recent Trends in Russian M&A Deals and Prospects for International Transactions

By Dmitry Marchan / Baker & McKenzie

... vehicle with respect to which its shareholders will enter into a shareholders agreement governed by non-Russian law. For tax reasons, the most common jurisdictions for the incorporation of such a non-Russian corporate vehicle are the Netherlands and Cyprus. The concept of shareholders agreements is expected to be further developed in the new Russian Civil Code. Various amendments to the Civil Code that were proposed by the Russian Government in 2012 are currently under consideration by the Russian...

Syria Getting Fuel From Iran and Russia

Reuters

... cut back imports of Iranian oil due to sanctions, Iran has been storing millions of barrels of its own oil in tankers at sea. The Amin was previously registered in Malta, but like the MT Tour, has recently changed its flag to Bolivia. With Malta and Cyprus coming under increased pressure to stop flagging Iranian government-linked ships, there has been a flurry of registrations in the last few months half a world away in landlocked Bolivia. 179738

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