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Goltsblat BLP has advised AFG National on the sale of a 35% stake in its subsidiary Yuzhniye Zemli LLC to Volga Group Agro, a company consolidating Volga Group’s agricultural projects. The deal was signed on December 26, 2017.

Orrick has advised U.S. impact finance company FINCA Impact Finance in the divestiture of its micro-finance operations in Russia to Luxembourg-based Mikro Kapital. The transaction involved restructuring third-party financing from the EBRD, the MEF, and the responsAbility Fund. Mikro Kapital was advised by Italian/Russian law firm Carnelutti, and the lenders were advised by Dentons. 

A team consisting of 10 lawyers and assistants from the Makarov Law Office specializing in assistance in complex court disputes and bankruptcies has merged with Nektorov, Saveliev & Partners, with Makarov Managing Partner Roman Makarov joining as a partner.

On December 6, 2017 the Siberian Concession Company (consortium of the VIS Group and Gazprombank), with support from Capital Legal Services, signed an agreement with the Novosibirsk Region government on the constructional and operational procedures of the fourth bridge over the Ob river in the city of Novosibirsk.

White & Case LLP has advised EN+, an aluminium and power producer with core assets located in Russia, on the offering of global depositary receipts admitted to trading on the London Stock Exchange and the Moscow Exchange.

Goltsblat BLP has advised the Eurasian Development Bank and the International Investment Bank on financing provided for the construction of two hydro-power plants with a total capacity of 49.8 MW in the Russian Republic of Karelia.

In 2016, Russian law enforcement authorities had some success in investigating and combatting bribery. For the first time in several years, the majority of cases involved bribe-taking, rather than bribe-giving, and involved significant bribe amounts. The number of cases against bribe-takers increased by 19.7% from 2015, while the number of cases against bribe-givers increased by only 4.4%. This trend continued in the first half of 2017; the Russian Ministry of Internal Affairs and law enforcement authorities registered 3,362 cases of bribery, of which 2015 cases concerned bribe-taking and 1,347 cases concerned bribe-giving. 

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