Alexandra Nesterenko, President of the Association of Corporate Lawyers, spoke at the V St. Petersburg International Legal Forum about the major challenges that in-house legal departments are now facing. She mentioned the following:

1.Due to the recent changes in Russian economy, heads of in-house legal departments are forced to play a role of crisis managers as they spend more time stabilising and developing their businesses.

2.One of the major issues here is protecting the business during the insolvency process as companies in Russia grow more accustomed to going into administration.

3.Russian businesses are getting “used” to and starting to adapt to sanctions. This is assisted by current changes in legislation, to make it more flexible. First and foremost, this is beneficial to Russian qualified lawyers that Russian businesses prefer over foreign lawyers.