Linklaters has advised Sovcombank as arranger on the RUB 5.7 billion domestic green project bonds issued by an orphan special purpose vehicle, SFO RuSol 1 LLC, for the purpose of financing two solar stations of Solar Systems LLC in the Astrakhan region of Russia. Bryan Cave Leighton Paisner reportedly advised the issuer.

Integrites Advises MUFG, Citi, Credit Agricole, and Societe Generale on Financing for Trafigura Acquisition

Integrites and Switzerland's HFW law firm have advised MUFG Bank and a syndicate of lending banks including Citi, Credit Agricole, and Societe Generale on a limited recourse term loan to finance Trafigura’s acquisition of copper cathodes from the Swiss trading arm of the Russian mining group Norilsk Nickel.

Rybalkin, Gortsunyan & Partners Advises AEON on Sale of Stake in Petropavlovsk PLC

Rybalkin, Gortsunyan & Partners and Macfarlanes have advised AEON Corporation on its sale of a 28.34% stake in Petropavlovsk Plc to the Yuzhuralzoloto Group.

Rybalkin, Gortsunyan & Partners Launches New Arbitration Practice

Rybalkin, Gortsunyan and Partners has launched an Arbitration practice, which will be led by new Partner Dmitry Dyakin.

Arsen Ayupov Joins Nektorov, Saveliev & Partners

Arsen Ayupov, the co-founder and former Managing Partner of the RE Group investment consulting company, has become a partner at Nektorov, Saveliev & Partners.

Andrew Lomas, a barrister and member of London's One Essex Court chambers, has joined the International Arbitration and Litigation Practice of Egorov Puginsky Afanasiev & Partners as Co-Head of International Arbitration and Litigation.

Although not specifically related to Russia, the agreement by the Office of Foreign Assets Control (OFAC) between it and the Apollo Aviation Group (Apollo) on the monetary compensation for the settlement of violations by Apollo of the Sudanese Sanctions Regulations that was announced on November, 7 2019, affects the aircraft leasing sector worldwide.

Scott Senecal is an American lawyer with Cleary Gottlieb Steen & Hamilton in Moscow. His practice focuses on financial and corporate law, and he has extensive experience in mergers and acquisitions, capital market transactions, and syndicated loans.

CEELM: Can you walk us through your career leading you up to your current role?

Sanctions imposed by the U.S.A, the EU, and other jurisdictions in relation to certain Russian individuals and legal entities have had a substantial impact on international arbitration involving Russian parties. There exist serious concerns as to the ability of sanctioned Russian parties and their contractual counterparts to realize their right to defend themselves in the course of arbitration proceedings. These concerns have led to changes in market practice regarding the choice of the arbitration forum and to some legislative proposals in Russia that, if implemented, would have a dramatic impact on international arbitration involving Russian parties.

I feel a sense of optimism about Russian’s legal market that I have not felt since the dark days of the Crimean Crisis in 2014.

Debevoise & Plimpton has advised Norilsk Nickel on the upsizing and extension of its December 2017 syndicated facility agreement.

Egorov, Puginsky, Afanasiev and Partners has advised the Uralsoloto Group of Companies on its acquisition of securities of Petropavlovsk PLC.

White & Case has advised VTB Capital as auction organizer and financial advisor to UTLC on its RUB 60.3 billion (around USD 968 million) auction sale of a controlling stake in Russian railway container operator TransContainer.

Bryan Cave Leighton Paisner Russia has advised Enisey THC, a subsidiary of the Siberian Generating Company, on its RUB 10 billion acquisition of Krasnoyarsk GRES-2 from OGK-2.

CMS Moscow's Head of Real Estate & Construction Artashes Oganov has been promoted to Partner at the firm.

Russian lawyer Vakhtang Fedorov has joined Art De Lex as Head of its Criminal Law practice.

Lawyers from CMS in Ukraine and Poland have joined the firm's multi-national team advising the EBRD on the acquisition of a stake in Uzbek food retailer Korzinka. Uzbek law firm Leges reportedly advised the EBRD as well, while Dentons advised the sellers.