Abstract
A prominent American specialist on legal affairs in the former Soviet Union and Russia comments upon a case study focused on managerial strategies to privatize a large industrial conglomerate. Efforts to prevent outsiders from buying the enterprise are likened to “poison pills” used in the United States to thwart hostile corporate takeovers. The commentary includes references to the tradition of corruption in Russian bureaucracy before and after the October Revolution and notes the difficulties encountered by Western lawyers advising foreign investors in recent years. Journal of Economic Literature, Classification Numbers: K22, P13, P31.
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