"Mediation on financial markets; specifics of application, practice and forecast". Analyzed by FBK Legal.
Joint sitting of the Committee for financial markets of the Russian Managers Association and Trade and Industry Chamber of Moscow was held on June 19, 2012 on subject ‘Mediation on financial markets; specifics of application, practice and forecast’.
Attention of the audience was focused on the Federal law Nr. 193-?? ?On alternative procedure for settlement of dispute by engaging a mediator (mediation procedure)?. FBK partner and head Corporate Law practice Alexander Ermolenko made a report about legal aspects of mediation and development of this institution in Russia.
?Law on mediation just does not work at us, it ?remains nowhere?. Conditions required for starting up mechanisms of this law have not been yet formed in Russia, there is no clear definition for market requirements?, - Ermolenko said. According to him ?today deviation is actually performed by the qualified lawyers. By offering a number of services to their customers, they can solve all the issues at the pre-trial stage saving time and money in that way?.
The sitting was attended by the representatives of Government of Moscow, State Duma and Federal Council of Russia, leading Russian and international companies, mediation experts.
Attention of the audience was focused on the Federal law Nr. 193-?? ?On alternative procedure for settlement of dispute by engaging a mediator (mediation procedure)?. FBK partner and head Corporate Law practice Alexander Ermolenko made a report about legal aspects of mediation and development of this institution in Russia.
?Law on mediation just does not work at us, it ?remains nowhere?. Conditions required for starting up mechanisms of this law have not been yet formed in Russia, there is no clear definition for market requirements?, - Ermolenko said. According to him ?today deviation is actually performed by the qualified lawyers. By offering a number of services to their customers, they can solve all the issues at the pre-trial stage saving time and money in that way?.
The sitting was attended by the representatives of Government of Moscow, State Duma and Federal Council of Russia, leading Russian and international companies, mediation experts.
