Akin Gump has advised PJSC Lukoil in relation to the acquisition by Renaissance Oil Corp. of an indirect 25% interest in the Integrated Exploration and Production Contract for the 230 square kilometer (56,800 acres) Amatitlan block near Poza Rica, Veracruz, Mexico. Park Energy Law advised Renaissance Oil on the deal.
The Moscow and London offices of Debevoise & Plimpton have advised longstanding client Polyus Gold International Limited on a USD 800 million Eurobond offering due 2023 with a coupon of 5.25% per annum. The Notes were offered inside the United States to qualified institutional buyers under Rule 144A and outside the United States to buyers under Regulation S.
CHSH Cerha Hempel Spiegelfeld Hlawati Rechtsanwalte has assisted Teufelberger Wirerope GmbH, an international metal wire ropes producer based in Austria, in the acquisition of Italian-based Redaelli Tecna S.p.A., a designer and manufacturer of steel wire ropes for off-shore and on-shore oil activities, mining, cableways, material transportation, and hoisting, and a developer and producer of engineering systems for the tenso structures, from JSC Severstal-Metiz, a company owned by the PAO Severstal steel and steel-related mining group. The transaction is expected to close in spring 2017.
In recent years, President Obama has ordered significant changes to the longstanding U.S. sanctions on Cuba and Iran as well as imposed new sanctions on Russia. President-elect Trump has been generally critical of the Obama administration’s relaxation of U.S. sanctions on Cuba and Iran, and his views on Russia appear more favorable than those of the outgoing administration.
Lawyers from Pepeliaev Group’s St. Petersburg office have successfully challenged the cadastral value of Petrovskiy Fort, one of the largest business centers in St. Petersburg, in first instance and appeal courts. The decision establishing a cadastral value equal to the market value came into force on November 30, 2016.
Morgan Lewis has advised Natixis on a USD 300 million pre-export finance facility for Russian Copper Company Group, the third largest Russian copper producer. Natixis was the Co-ordinating Mandated Lead Arranger for the deal which was structured as a five year pre-export finance facility backed by receivables from export of copper wire rod and copper cathodes. A number of major Russian and international banks joined the loan facility.