The lure of Russia
Paul Drager is referred to as “one of Canada’s most experienced legal minds on Russia” in the cover story of Canadian Lawyer InHouse magazine. Paul has seen the investment climate in the country improve first-hand. He led the establishment of Norton Rose Canada’s Moscow office in 1990, the first for a Canadian firm.
Paul tells InHouse how since then, “not only has the political system changed, the currency is now very convertible, the banking system is relatively solid, and you have a much better understanding by the Russians themselves of what international business is. In the past when you started working there, in the final years of the Soviet Union, it was all state-controlled entities. Now you have a private sector, which is extremely vibrant. In that way it’s normalized to a substantial degree.”