Hermitage's Russian Quandary (A)

Posted: 13 Mar 2012

See all articles by Eric Werker

Eric Werker

Harvard University - Business School (HBS)

Raymond J. Fisman

National Bureau of Economic Research (NBER); Boston University

Lauren Weber

Wall Street Journal

Date Written: April 25, 2011

Abstract

This case was co-authored with Columbia Business School.

In June 2007, the offices of Russian hedge fund Hermitage Capital were raided by Moscow police; in the months that followed, Hermitage founder Bill Browder found himself banned from Russia and fending off efforts to expropriate the fund's Russian assets. This case describes the challenges faced by Hermitage in responding to these threats, and more broadly discusses the perils of doing business in a business environment with weak legal and political institutions

Learning Objective: To consider some of the key elements to navigating the perils of doing business in emerging markets.

Suggested Citation

Werker, Eric and Fisman, Raymond and Weber, Lauren, Hermitage's Russian Quandary (A) (April 25, 2011). Harvard Business School BGIE Unit Case No. 711-054. Available at SSRN: https://ssrn.com/abstract=2020582

Eric Werker (Contact Author)

Harvard University - Business School (HBS) ( email )

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Morgan 270C
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Raymond Fisman

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Boston University ( email )

595 Commonwealth Avenue
Boston, MA 02215
United States

Lauren Weber

Wall Street Journal ( email )

United States

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