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Baker and Orrick Play Separate Roles in Major Russian Gas Acquisition

barentsobserver.com

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Even in Russia, deals for (almost) 3 billion dollars don't happen every day.

Baker & McKenzie has announced that it advised Yamal Development, a 50/50 joint venture between Novatek and Gazprom, on a USD 2.940 billion acquisition of a 60 percent stake in Artic Russia from the Italian Eni oil and gas company. Artic Russia owns a 49 percent interest in SeverEnergia, a Russian oil and gas company operating in the Yamal-Nenets region of Russia.

Baker & McKenzie’s multi-jurisdictional team included Partners Jeroen Hoekstra and John Paans in Amsterdam, Hugh Stewart in London, and Sergei Voitishkin in Moscow. Support was provided by Associate Koen Bos in Amsterdam, Mark Richardson in London, and Sergey Krokhalev and Kirill Manshin.

Orrick, Herrington & Sutcliffe advised Sberbank on the financing to Yamal Development. Baker & McKenzie’s multi-jurisdictional team included Partners Jeroen Hoekstra and John Paans in Amsterdam, Hugh Stewart in London, and Sergei Voitishkin in Moscow. Support was provided by Associate Koen Bos in Amsterdam, Mark Richardson in London, and Sergey Krokhalev and Kirill Manshin.

The cross-border Orrick team was led by Moscow Corporate Partner Leo Batalov and Associate Maria Kazakova, as well as London Partner Anthony Riley, Of Counsel Richard Moudiotis, Associate Kirill Kholod.

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