In many articles and discussions about Russia, I mentioned that low quality of legislation and inconsistent application of laws are among some of the key fundamental problems of Russia because it often allows the authorities to act loosely towards Russian companies. This article is exactly about this issue. The stakes are high - 1.45 billion dollars which Lukoil (OTCPK:LUKOY) may be obliged to return to the buyer of the diamond company.
Lukoil declared its disagreement with the arguments of FAS Russia set forth in the lawsuit, considering itself to be a bona fide