<html>

<head>
<meta http-equiv="Content-Type" content="text/html; charset=windows-1251">
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>American Russian Law Institute A not</title>
</head>

<body>

<div align="left">
  <table height="1219" cellSpacing="0" cellPadding="0" width="757" border="0">
    <tbody>
      <tr>
        <td bgColor="#FFFFFF" height="1219">
          <table height="212" cellSpacing="0" cellPadding="0" width="100%" border="0">
            <tbody>
              <tr>
                <!-- Left Column -->
                <!-- Middle Column -->
                <td vAlign="top" align="middle" height="212">
                  <div align="left">
                    <table cellSpacing="0" cellPadding="0" width="100%" border="0">
                      <tbody>
                        <tr>
                          <td width="33%">
                            <p align="center"><img height="45" src="http://russianlaw.org/New_Folder2/flag-us.gif" width="73" border="0"></p>
                          </td>
                          <td width="33%">
                            <p align="center"><img src="New_Folder2/arli_3.jpg" border="0" width="132" height="79"></p>
                          </td>
                          <td width="33%">
                            <p align="center"><img height="53" src="http://russianlaw.org/New_Folder2/flag.gif" width="94" border="0"></p>
                          </td>
                        </tr>
                        <tr>
                          <td colSpan="3">
                            <p align="center"><b><strong><font color="#0000ff" size="6">American
                            Russian Law Institute</font></strong><font size="2"><br>
                            </font><font color="#0000ff" size="2">A
                            not-for-profit tax exempt public policy research and
                            advisory organization<br>
                            </font></b><font color="#ffffff" size="1">Russian
                            Law, Russian Business, Russian Politics, Vladimir
                            Putin, CNN, New York Times</font></p>
                          </td>
                        </tr>
                      </tbody>
                    </table>
                  </div>
                </td>
              </tr>
            </tbody>
          </table>
          <table border="0" cellpadding="0" cellspacing="0" width="100%" height="1091">
            <tr>
              <td valign="top">
                <blockquote>
                          <p align="center"><strong><font size="4" color="#800000">ARLI
                          ADVISORY COUNCIL</font></strong></p>
                          <p align="center">&nbsp;</p>
                          <a href="http://washingtonpost.com/wp-dyn/world/europe/easterneurope/russia/ap?language=html">
                          <p align="left"></a><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="New_Folder2/bd14565_.gif" width="15" height="15">
                          <b><a href="http://russianlaw.org/directors_af.htm">ALEXANDER
                          FISHKIN, LL.M., LL.D.</a>&nbsp; - </b><strong>Executive
                          Director</strong><b>, ARLI&nbsp;&nbsp;</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b><a href="http://russianlaw.org/directors_geikhman.htm">Prof.
                          VLADIMIR GEIKHMAN</a> - President of the Academy of
                          Jurisprudence&nbsp; of&nbsp; the Ministry of Justice
                          of Russia</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><b><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <a href="http://www.russianlaw.org/directors_zvecharovsky.htm">Dr.
                          IGOR ZVECHAROVSKY</a>, Rector of the Academy of
                          Jurisprudence&nbsp; of&nbsp; the Ministry of Justice
                          of Russia</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b>V.I. POLUDNIKOV - Chief Judge of the District Court
                          for the District of St. Petersburg</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b>B.V. VOLZHENKIN - President of St. Petersburg Law
                          School</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b>VLADIMIR PEYSIKOV - Vice President of the Academy
                          of Justice of the Supreme Court of the Russian
                          Federation</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b><a href="http://russianlaw.org/kuznetsov.htm">BORIS
                          KUZNETSOV</a> - </b><strong>International lawyer,
                          writer, academician, human rights activist</strong></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b>S.I. VITSIN - Vice Chairman of the President's
                          Council for Improvement of Justice System of Russia</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b>G.A. VOSKRESENSKI - President of the CIS
                          International Lawyers Union</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b>ANNA REID, LL.M., LL.D. - New York and Russian
                          attorney, Fellow, ARLI</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          </small><b><small><a href="http://www.russianlaw.org/directors_hh.htm">HAROLD
                          M. HOFFMAN</a> - New York and international attorney,
                          Counsel, ARLI</small></b></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          <b><a href="http://russianlaw.org/directors_ez.htm">EMANUEL
                          E. ZELTSER</a> - New York and Russian attorney,
                          General Counsel, ARLI</b></small></font></p>
                          <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          </small><b><small><a href="http://www.russianlaw.org/directors_oa.htm">OXANA
                          ADLER</a> - Russian and international attorney, former
                          counsel for the World Bank, Counsel, ARLI</small></b></font></p>
                  <p align="left"><font face="Times New Roman"><small><img alt="bd14565_.gif (183 bytes)" src="http://russianlaw.org/New_Folder2/bd14565_.gif" width="15" height="15">
                          </small><b><small><a href="mailto:vladsibirev@hotmail.com">VLADIMIR
                  SIBIREV,</a> Ph.D., St.
                          Petersburg attorney, Vice President of the Russian
                          Freestyle Ski Federation,&nbsp; Professor, ARLI</small></b></font></p>
                  <hr>
                  <p align="left">&nbsp;</p>
                  <p align="left">&nbsp;</p>
                  <p align="center"><font size="1"><strong><font color="#000080"><a href="http://www.russianlaw.org">HOME</a></font></strong></font></p>
                  <p align="center"><font size="2" color="#000080">© 2004
                  American Russian Law Institute<br>
                  All rights reserved</font></p>
                  <p align="left">&nbsp;</p>
                </blockquote>
              </td>
              <td width="17%" valign="top">
                <p align="center"></td>
              <td width="25%" valign="top" height="1091">
                <table border="0" cellpadding="0" cellspacing="0" width="100%" height="2036">
                  <tr>
                    <td width="100%" bgColor="#FFFFFF" align="justify" valign="top">
                      <p align="center"><strong><font size="2"><a href="http://russianlaw.org/022.htm"><font color="#ff0000">ARLI
                      ON CAPITOL HILL</font></a></font></strong><font size="2"><a href="http://russianlaw.org/022.htm"><br>
                      <img src="http://russianlaw.org/New_Folder2/congress.jpg" border="0" width="140" height="136"></a></font></p>
                      <p align="justify"><a href="http://russianlaw.org/022.htm"><strong><font size="2">Congressional
                      testimony of Emanuel Zeltser (Sep. 11, 2000 hearing
                      hearing on the Bank of New York Russian Organized Crime
                      and Money Laundering Matters&nbsp;</font></strong></a></p>
                      <table border="1" cellpadding="0" cellspacing="1" width="100%" bordercolor="#FF0000">
                        <tr>
                          <td borderColor="#ffff00" width="100%" bgColor="#0000ff">
                            <p align="center"><b><font color="#0000ff">.</font><font color="#ffff00"><br>
                            TRADE<br>
                            &amp;<br>
                            COMMERCIAL<br>
                            LAWS<br>
                            <i>of the<br>
                            </i>RUSSIAN<br>
                            FEDERATION<br>
                            </font><font color="#0000ff">.</font></b></p>
                          </td>
                        </tr>
                        <tr>
                          <td borderColor="#ffff00" width="100%" bgColor="#000000">
                            <p align="center"><b><font color="#000000">.</font><font color="#ffff00"><br>
                            OFFICIAL<br>
                            CODIFICATION<br>
                            with<br>
                            COMMENTARY<br>
                            </font><font color="#000000">.</font></b></p>
                          </td>
                        </tr>
                        <tr>
                          <td borderColor="#ffff00" width="100%" bgColor="#0000ff">
                            <p align="center"><b><font color="#0000ff" size="4">.<br>
                            </font><font color="#ffff00" size="2"><br>
                            Oceana Publications, Inc.<br>
                            © 1993, 1995<br>
                            </font><font color="#0000ff" size="4">__________<br>
                            ____________________</font></b></p>
                          </td>
                        </tr>
                      </table>
                      <p align="justify"><strong><a href="http://www.russianlaw.org/masloff_reception.htm"><font size="1" color="#000080">The
                      first official English language reference source of
                      Russian commercial laws. Compiled, translated and codified
                      by the staff of American Russian Law Institute: Emanuel E.
                      Zeltser, Esq., Anna Reid, LL.M., LL.D., and Alexander
                      Fishkin, LL.D.&nbsp; together with the Academy of&nbsp;
                      the Ministry of Justice of Russia, and&nbsp; the Law
                      School of the University of Pittsburgh</font></a></strong></td>
                  </tr>
                </table>
              </td>
            </tr>
          </table>
        </td>
      </tr>
      <center>
      </tbody>
    </table>
  </div>
</center>
<p>&nbsp;</p>

</body>

</html>
