Honorees: Cleary, OAO Rosneft Oil Company, Linklaters, BP plc, Skadden, Akin, Weil, White & Case, AAR Consortium
It’s not easy for Western companies who want to do business in in Russia. For many, the story of BP’s travails epitomizes their challenges. The year 2003 saw the creation of TNK–BP, a joint venture between BP and “AAR,” a consortium comprising some of Russia’s richest men, including Mikhail Fridman, German Khan, Viktor Vekselberg, and Len Blavatnik. The idea was to capitalize on the respective assets and expertise of each, in Russia and Ukraine.
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