The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (17758)	2/24/2004 9:22:46 AM
From: Elroy Jetson	of 306849

The news of Putin's removal of his government in exchange for his trusted aide, Viktor Khristenko, is another example of the risks of off-shoring investments - to nations that may or may not respect property right. As part of his move against the Oligarchs he has also been rescinding the privatization of state properties. Some of these situation may be properly correcting assets which were sold without proper compensation or through bribery. But other nationalizations may be the result of strategic interests which dismiss the rights of investors. themoscowtimes.com Friday, Jan. 30, 2004. Page 1 '93 Tender Won by Exxon Annulled By Valeria Korchagina Staff Writer Raising new fears about foreign investor rights, the government on Thursday canceled the results of a 1993 tender for the Sakhalin-3 gas and oil project that was won by a consortium led by the world's largest oil company, ExxonMobil. But the decision announced by Deputy Prime Minister Viktor Khristenko appears to be a one-off case because Sakhalin-3 is one of only a handful of projects that has barely been developed since being put up for tender in the early 1990s. . .

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