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18.01.2016

NACEC and Capital Legal Services Law Firm Signed a Memorandum of Cooperation

 

PRESS-RELEASE

 

 

NACEC and Capital Legal Services Law Firm Signed a Memorandum of Cooperation

National Association of Construction Engineering Consultants (NACEC) and Capital Legal Services (CLS), one of the leading Russian law firms of international standing executed a Memorandum of Cooperation.

 

 

 

 

 

 

 

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At the ceremony of signing it was mentioned that NACEC and CLS are members of the International Federation of Consulting Engineers (FIDIC) and recognize high importance of cooperation, aimed at promotion of applying FIDIC unified contract forms in Russia and developing uniform approach to implementation of investment and construction projects in accordance with international standards and best global practices.

 

“In the framework of policy of globalization we are aiming to ensure that between participants of international investment and construction processes there will be a consistent understanding of terms and concepts, used in FIDIC standard contract forms, and ensure duly solution of problems arising when FIDIC contracts are used in Russia”, emphasized Gennady Sakharov, NACEC President, Director on Capital Investments of Rosatom State Corporation, Director of Branch Centre of the Capital Construction of Rosatom. “A comprehensive approach, deep knowledge of laws, understanding of running business practices and industry specifics are required for that. I am sure that our cooperation with experts of international standing we’ll be able to gain the stated objectives”, he said.

 

According to this document, NACEC and CLS agreed to cooperate on translation into the Russian language and improvement of Russian translations of FIDIC standard contracts, taking into account existing Russian regulatory and legal framework; on development of regulatory initiatives to improve laws in investment, construction and engineering businesses; and on preparing programmes of training and professional development of specialists for applying FIDIC contracts.

 

In the opinion of NACEC and CLS experts, one of the perspective areas for cooperation is to establish at the premises of NACEC a Mediation Institution (for alternative dispute resolution) on issues arising in execution of projects, based on FIDIC standard contracts.

 

NACEC Press-Office