Lawyers from Pepeliaev Group’s St. Petersburg office have successfully challenged the cadastral value of Petrovskiy Fort, one of the largest business centers in St. Petersburg, in first instance and appeal courts. The decision establishing a cadastral value equal to the market value came into force on November 30, 2016.
Morgan Lewis has advised Natixis on a USD 300 million pre-export finance facility for Russian Copper Company Group, the third largest Russian copper producer. Natixis was the Co-ordinating Mandated Lead Arranger for the deal which was structured as a five year pre-export finance facility backed by receivables from export of copper wire rod and copper cathodes. A number of major Russian and international banks joined the loan facility.
Egorov Puginsky Afanasiev & Partners has successfully defended the interests of T2 Mobile (Tele2) – a nation-wide mobile operator in Russia – in what the firm describes as "a precedent-setting case against the Moscow Metro regarding unfair tariffs for placing telecommunications equipment in the metro."
Following the relative stabilization of economic conditions globally (especially in terms of the price of oil) and in Russia (the ruble exchange rate) the Russian capital markets have shown signs of recovery. This article focuses on a couple of key aspects of the Russian equity capital markets’ development this year, such as privatization and the increased participation of non-state domestic pension funds in equity transactions.
Michael Malloy, the Head of Intellectual Property and Technology for Russia at DLA Piper, first came to Russia in 1990, and he moved there for good in 1994. At DLA, where Malloy has been since 2008, he specializes in intellectual property and technology issues, and his work includes franchising, corporate law, media law, and technology transfers.
Dennis Avrouschenko is the recently appointed Head of Legal & Compliance, CIS & East Europe at DHL. Previously, he worked for Gazprombank, where he was a Business Support Head / Capital Markets. Earlier still, he was the Head of Legal & Compliance at ZAO Standard Bank, a Legal Adviser with Deutsche Bank, and the Head of Corporate and HR Department with RAO UES. Before moving in-house, he worked with Allen & Overy Legal Services in Moscow
In 2015-2016 the main trends and developments in the Russian pharmaceutical market were: (i) the establishment of the common pharmaceutical and medical devices (MDs) market of the Eurasian Economic Union (the “EEU”), (ii) the development of best practices in the pharmaceutical market through self-regulation, and (iii) preferences for pharmaceuticals and MDs of EEU origin.
Akin Gump is advising USM Holdings, a leader in the Russian-speaking Internet market, and its subsidiaries, in the proposed sale of its stake in Mail.Ru Group Limited to PJSC MegaFon. Cleary Gottlieb is advising MegaFon, which announced its board decision to call a shareholder meeting to approve the acquisition.
Egorov Puginsky Afanasiev & Partners has successfully represented the interests of Mondi Syktyvkar before the Federal Antimonopoly Service of the Russian Federation. Mondi Syktyvkar is a subsidiary company of international group Mondi Uncoated Fine Paper and is Russia’s largest producer of offset paper.
On June 27, 2016, CEE Legal Matters reported that Orrick had advised Sberbank and VTB on RUB 70 billion in financing for Telmamskaya HPP LLC (a subsidiary of EuroSibEnergo Group, which itself is part of the En+ Group energy and natural resources industrial conglomerate). Baker Botts advised Telmamskaya HPP on the deal.
In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.