Motorola Takes on Russia
Russia is growing and so are the shadows that are cast over the business goings on there.
The bureaucracy is still extremely burdensome and growing. And laws are a matter of
convience and seemingly circumvented at will or at least when you have the right connections.
Corruption and middlemen are a matter of course and bribes are expected and given.
Confiscation of private goods…i.e. Motorola’s ongoing fiasco…and resale for profit is
old news.
Legitimate dealings are called smuggling. And smuggling is called smuggling.
Russian law allows confiscated material in criminal investigations to be sold or destroyed BEFORE the case is completed.
Motorola had $2 million worth of phones destroyed but still has 117,000 or $15 million
worth of additional phones that it is going to fight for.
Motorola ought not hold its breath.
The seizure and disposal of commericial goods without appeal is common and RussGPS owner says that judges cost about 3 kopecks.
Russia will host the upcoming G8 meeting and at the meeting they hope to convince the world that Russia, especially her oil, is worth investing in.
Fat chance of that happening. No? But then again, somebody with money to burn will surely take the risk.
What do you think?
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