Tue, May
22 New Articles

Dentons has advised the Eurochem mineral fertilizer producer on a USD 800 million five-year pre-export financing with a group of 14 banks, including lead arranger ING Bank and other lead arrangers Bank of China, Citibank, Commerzbank, Credit Agricole Corporate and Investment Bank JSC, Credit Agricole Corporate and Investment Bank, Industrial and Commercial Bank of China, Mizuho, Natixis, Nordea, Raiffeisenbank, Unicredit, Societe Generale and Rosbank. Morgan Lewis advised the banks on the deal.

White & Case has announced that two CEE attorneys – Istanbul-based Corporate/M&A specialist Ceylan Kara and Moscow-based Project Finance specialist Ekaterina Logvinova – are among the 15 promoted by the firm to Local Partner worldwide with effect from January 1, 2017. Another six CEE lawyers (three in Prague, two in Warsaw, and one in Istanbul) were among the 26 promoted to Counsel worldwide.

Linklaters has advised Rosneft on the sale of 20% of the ordinary shares in PJSC Verkhnechonskneftegaz, one of the largest producing subsidiaries of the Rosneft Group, to the Beijing Gas Group Co. The sale includes a related joint venture established for the purposes of further exploration of the Verkhnechonskoye field.

Former United States Ambassador to Bulgaria James Warlick has joined Egorov Puginsky Afanasiev & Partners' team in Washington, D.C. Warlick will be responsible for working with U.S. and international clients, developing strategic client relationships, and advising on legislation and public policy.

A probation period is common for employment contracts in Russia. With certain exceptions, the standard term of a probation period is three months, and for some managing positions this can be prolonged to six months. 

The Moscow office of Debevoise & Plimpton has advised the Mosaic of Happiness Fund in setting up a private integrated nursery school in Moscow that supports the integration of refugee children and children with disabilities into society. The project included adopting school regulation and admission rules, and drafting frameworks of support, donation, volunteer, and employment agreements.

Akin Gump has advised PJSC LUKOIL on the completed issuance of USD 1 billion of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 4.75 percent per annum. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by PJSC LUKOIL. The company intends to use the net proceeds for general corporate purposes, including the refinancing of certain existing indebtedness.

The Moscow and London offices of Debevoise & Plimpton have advised longstanding client Polyus Gold International in its USD 500 million Eurobond offering, due March 28, 2022 with a coupon of 4.699% per annum.