Soviet ventures require careful structuring
- Arnold and Porter, Washington, DC (US)
When the Soviet Union first opened its doors to foreign investment in 1987, the only legal entity for housing foreign investment was the joint venture or joint enterprise. Almost all foreign investments to date utilize this organizational form. Initially, non-Soviet investors were limited to a 49% equity participation. Currently, there are in excess of 2,000 such joint ventures officially registered in the Soviet Union. It is important to note, however, that notwithstanding that substantial number, the average non-Soviet investment is relatively small; indeed, recent calculations indicate that the average non-Soviet investment remains under $2 million. It was hoped that someday Soviet entities as well as foreign firms might be empowered to form thier own legal vehicles for investing in the Soviet Union. In part, that dream has come true.
- OSTI ID:
- 6146757
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:22; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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