Lidings has provided legal support to the China Development Bank in granting a special purpose loan to the Russian state-owned Vnesheconombank for the financing of the construction of a large multifunctional complex in Moscow.
The complex will be located on the territory of the former "Slava" clocks factory near Moscow's Belorusskiy Vokzal train station. The project involved joint input from Lidings Banking/Finance and Corporate/M&A practice groups.
The team, led by Lidings Counsel Vadim Konyushkevich, provided legal support on the loan to Vnesheconombank, as well as advice on issues of internal coordination by the Russian bank, the regulations of the intended use of the loan facilities, requirements of Russian foreign currency control, and the applicability to the deal of the double tax treaty.
