KKMP Partner Alyona Kucher spoke in the round table discussion Business Risks under Sanctions and Unstable Regulation. She shared her recommendations on the use of contractual provisions to protect against changing market and regulatory conditions.
In her speech she noted that the risk landscape has changed over the past year, and as a result the accepted approaches and legal mechanisms need to be rethought. She adds that Russian legislators cannot be expected to come up with a universal solution, and that in any event such solutions rarely work in practice. It is therefore up to the parties to find their own solutions, and contractual tools play a key role in this process.
She concluded her presentation with a list of such tools, which lawyers can include in contracts as appropriate.