The Integrites law firm has announced that it acted as Russian legal counsel to the London and Utrecht branches of Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International) in connection with revolving facilities valued at up to EUR 120 million.
The first deal involved a EUR 50 million revolving standby facility to OJSC Novolipetsk Steel. According to an Integrites statement, the firm's advice "was provided in relation to Russian law mandatory legal requirements applicable to security documents and required conditions precedent. Integrites also conducted a corporate due diligence of the Russian guarantor."
The firm's banking and finance team also advised Rabobank's Utrecht branch on possible legal risks and consequences from a Russian legal perspective in connection with the restructuring of NLMK, one of the largest steel companies in the world, involving the terms of Rabobank's provision of financing for a maximum amount of EUR 70 million.
Rabobank is a Dutch multinational banking and financial services company, ranking among the 30 largest financial institutions in the world.