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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. 

The Court of Arbitration for Sport has approved what Cleary Gottlieb is calling "a highly favorable settlement agreement" involving Cleary client and Russian ice hockey player Danis Zaripov, resolving his appeal of the two-year ineligibility period imposed on him by the IIHF Disciplinary Board in July 2017, and permitting him to resume playing professional ice hockey. 

"We’ve been living through crisis days since the first wave of sanctions in 2014,” says Alexei Roudiak, the Managing Partner of Herbert Smith Freehills in Russia, "but looking back 12-18 months or even 12-24 months, things started to pick up, and we’ve noticed a greater amount of activity across the board, but primarily in the energy sector.” Not only energy (primarily hydrocarbons and hard rock mining), he says after reflecting, "but also pharma, retail, financial institutions, litigation (both domestic and cross-border) … we have been busy across all areas for the last 18 months.”

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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