With the gradual recovery of the global economy, private equity houses are once again looking towards emerging markets for value investments.
Until recently Russian law did not recognize shareholders’ agreements (“SHA”).
The Hong Kong court considered the scope of the 'commercial transaction' exception to sovereign immunity, finding that payments to the Democratic Republic of Congo (DRC) in consideration for the grant of a licence to exploit the DRC's mineral rights were sovereign (as opposed to commercial) in nature and were therefore immune from execution (i.e. enforcement).
The Chinese government is encouraging affected Chinese parties to take legal action against foreign investors that improperly depart from China.
In recent years, many European retailers have sought to launch operations in lucrative markets in the Middle East.