Dr Max Gutbrod is a German trained lawyer working in Russia for more than 20 years. He started his career in Stuttgart in 1990 with Gleiss & Partner and moved to Russia in 1995. He represented shareholders and investors in mergers and acquisitions, disputes, negotiated and drafted charters for joint venture companies, shareholders and investment contracts, and given advice on regulatory matters relating to securities holdership, depositary business, securities settlement issues and related disputes. In additon, he has frequently advised on legislative issues related to corporate, banking and capital markets law as well as corporate governance, and has participated in discussions aimed at improving the infrastructure of Russian capital markets. Furthermore, Mr Gutbrod was a member of the group that drafted the CIS Model Law on Joint Stock Companies, has published comments on the draft law in a specialised journal and has been a member of the Commission on Corporate Governance.