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Liniya Prava was lead counsel to ITI Capital, co-arranger along with Sovcombank, EDB, Freedom Finance, and Univer Capital, on SKCN Finance’s RUB 2.5 billion debut bond issue. The ultimate borrower was Samruk-Kazyna Construction, a Kazakh operator of state programs in residential and commercial real estate that is wholly-owned by state-owned Samruk-Kazyna National Welfare Fund JSC. The Lecap law firm reportedly advised ITI Capital on an element of the issuance as well.

CMS and Arsov Natchev Ganeva have advised contractor Arkad on the completion of the Balkan Stream Gas Pipeline project, which was completed at the end of December, 2020. Dentons’s Dubai office, KPMG Legal and Tsvetkova Bebov Komarevski in Bulgaria, and Latham & Watkins in Russia reportedly also advised the contractor on the deal. Linklaters’s London office, reportedly assisted by DGKV in Bulgaria, advised unspecified lenders on financing for the project. 

Rybalkin Gortsunyan Partners has advised the shareholders of the Uchi.ru educational platform on the sale of a 25% stake in the platform, with an option of an increase to a controlling interest, to the Mail.ru Group and a consortium of investors formed by the Russian Direct Investment Fund and Russia-China Investment Fund. DLA Piper reportedly advised the buyers.

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