Baker Botts has acted for PAO Novatek, one of the largest independent natural gas producers in Russia, on the sale of a ten percent participation interest in the Arctic LNG 2 project to Total S.A.. The transaction was signed on March 4, 2019, and it is expected to close by the end of the first quarter of 2019.
The 3rd Annual Private Equity and M&A Conference will take place on 11-12 April 2019 in Moscow
6th Annual RAA Conference, Moscow, Russia Marriott Grand Hotel on April 25,2019
The pharmaceutical market is one of the fastest growing markets in Russia, and despite external and internal issues, it is set to grow even further. Foreign pharma companies are expanding into Russia and quite often, at the initial stage, they do not have subsidiaries but are mostly focused on marketing and promotional activities through representative offices. They should, however, consider the approach of the Russian tax authorities in taxing foreign representative offices (ROs) and consider alternative distribution arrangements.
St. Petersburg International Legal Forum 2019, May 14-18, 2019, St. Petersburg, Russia
Clifford Chance has advised IHI plc, owners of the Corinthia Hotels Group, on the acquisition of a property at 10, Tverskaya, in Moscow, related to the recently announced Corinthia Hotel & Residences project in Moscow. The Moscow office of Bryan Cave Leighton Paisner reportedly advised the seller, Cyprus's Barlands Holdings Limited.