FBK Legal provided consultations to Russia-China Railway Joint Venture

Corporate Practice lawyers at FBK Legal provided support to the process of establishing a joint venture in Russia on production of high-speed trains.

The joint venture players including a machine-building holding CRRC, JSCo RZhD, Sinara Group and China Railway set to launch production of rolling stock for a high-speed network Moscow-Kazan.

The investors anticipate providing rolling stock not only for a Moscow-Kazan network but for the whole Eurasian high-speed transport corridor Moscow-Beijing which is considered one of the top priorities for Russia-China interstate cooperation.

As explained by a FBK Legal partner Alexander Ermolenko, the company lawyers have already provided legal support to the negotiating parties over the issues of joint venture, conducted comparative analysis of a number of Russia’s regions for the purpose of finding construction sites, assessed availability of financial, legal and human resources and specific aspects of the regions. The team also provided advice to CRRC on the Russian legislative environment.

CRRC is China’s and the world’s leading producer of locomotion and rolling stock, rail cars and rail equipment.