Russia

IFLR1000 Reviews

Financial and corporate
Alliance Legal Consulting Group

Alliance Legal Consulting was founded in 2010 by former officials of Russia’s Ministry of Internal Affairs and Ministry of Justice. The firm is based in Moscow and has branches in Ekaterinburg and Dubai.

 

Focusses / specialisms

The specialises in advising government agencies and is active in project development and restructuring and insolvency.

 

Key clients

Some recent key clients of the firm include Energomost, a high-voltage power lines constructor, Bulk Material Plant and Ventprom. It also advised Avers, an information technology center, and energy company Gazprom Mezhregiongaz.

 

Research period review: 30th edition (2019 / 2020)

During the research period in project development the firm advised on investment land development projects, as well as providing legal support for reconstruction work and software implementation. The firm also acted for the media producers in a share sale transaction, advised sell-side company owners on sale purchase agreements in waste processing and supported loan portfolio acquisitions.

In restructuring work the firm mainly advised the shareholders and managers of large corporations. It advised on behalf of creditors, contractors, developers, and the insolvency officers in bankruptcy cases.

 

Deal highlights: 30th edition (2019 / 2020)

Alliance Legal bankruptcy  

N Sats Moscow State Academic Children’s Musical Theatre redevelopment

Alrud

Founded in 1991, Alrud is a full-service Russian firm based in Moscow. 

 

Focusses / specialisms

The firm is strong across the board in the areas of work covered by the rankings but particularly within M&A and restructuring and insolvency.

The firm is known for working with Asian investors on Russia-related deals.

 

Key clients

Some recent key clients for the firm include Russian Direct Investment Fund, ELKO Grupa an IT product distributor, China National Gold Corporation, Trafigura PTE, Taisho Pharmaceuticals Co, VimpelCom, Accel, Rockwell Automation and Schlumberger, Monnalisa, as well as financial institutions like VTB Capital, Munch RE and CFC Management.

 

Research period review: 30th edition (2019 / 2020)

During the research period in banking the firm has worked for funds, borrowers and lenders in acquisition, concession project finance and refinancing mandates. The firm also advised on regulatory matters in the payment systems sector, working closely with Mastercard, and cryptocurrencies. 

In capital markets the firm advised a mix of issuers, underwriters, banks and asset managers on bonds and securities. In equity work the firm advised on a listing and IPO on the Italian Stock Exchange and secured ICO advisory work.

In M&A the firm saw an increased intake in IT sector mandates, as well as transactions in pharma and telecommunications. It advised large companies on joint venture agreements, and buyers in takeovers. It also acted for purchasers for grain terminals.

In projects recently the firm has advised on public-private partnerships and transport infrastructure, coal and gold mining and grain terminal mandates. A notable deal in the period was advising an investment fund in the construction Central Ring Road PPP in the Moscow region. 

The restructuring team acted on behalf of creditors, debtors and shareholders in bankruptcy matters. It advised a range of financial institutions, industrial and trade companies, and automotive businesses. 

Staffing changes saw Alexandrer Rymkojoin the firm as head of banking and finance in the research period from Harneys. 

 

Research period review: 30th edition (2019 / 2020)

Central Ring Road Moscow PPP 

Ctrip Group Project acquisition of stake in Avia Center Group

Monnalisa IPO and listing on Italian Stock Exchange

Sib Trading $200 million restructuring 

TXJ Companies $225 million acquisition of 25% of Familia

VTB Capital $550 million acquisition of Novorossiysk region grain terminal

 

Client feedback: 30th edition (2019 / 2020)

Banking

“Provides what’s needed.”

 

Financial and corporate

“Professional.”

 

Restructuring and insolvency

“Hard working, professional, top quality of procedural documents and filings. Attention to detail. Persistence in defending the client's interests.”

 

Boris Ostroukhov

“Experienced, hard-working, professional. Always available, great responsiveness.”

BGP Litigation

Active since 2006, BGP Litigation maintains an office in Moscow. Key figures include corporate partner Alexander Vaneev.

Focusses / specialisms

The firm is noted for its corporate and M&A and restructuring and insolvency work.

The firm has experience advising on acquisitions and joint ventures in the transport, technology and real estate sectors.

In restructuring and insolvency, the firm advises creditors in bankruptcy procedures and debt recovery.

Key clients

Recent clients include Sovkombank, Major Autoservice and Rosa Khutor.

Research period review: 30th edition (2019/2020)

In the past year, the corporate team was primarily active for buy-side clients and the restructuring team often acted on the side of creditors.

Deal highlights: 30th edition (2019/2020)

Major Autoservice $2.5 million acquisition of a 99 % stake in Profsodruzhestvo Insurance Company

Rosa Khutor $23 million acquisition of real estate assets

Sovkombank $2.4 million acquisition of a stake in Septem Capital

Client feedback: 30th edition (2019/2020)

Restructuring and insolvency

“I very much appreciate our cooperation with BGP Litigation, and I am impressed by the level of services the firm guarantees in terms of both the team's expertise and communication with the client. The firm's lawyers are extremely competent, they are capable of suggesting creative solutions, and they are always set on achieving a positive result. The team's willingness to take on complicated cases within tight deadlines is indeed impressive.”     

Borenius

Borenius is a well-known Finnish firm with an office in Moscow.

 

Focusses / specialisms

The firm’s Russian arm has a focus on corporate and M&A work.

 

Key clients

Some recent key clients of the firm include CVC Capital Partners, Neste Corporation, Sever Minerals, IDAVANG Group, Stada, Norebo Holding and Tensar.

 

Research period review: 30th edition (2019 / 2020)

During the research period, the firm advised sellers and buyers in divestments and takeover deals in a range of sectors including oil refining and pharma. It also worked on multi-jurisdictional restructuring mandates. 

 

Deal highlights: 30th edition (2019 / 2020)

Tatneft €155 million acquisition of Neste St Petersburg

 

Client feedback: 30th edition (2019 / 2020)

“All of the staff is high professional and very responsible. The have deep knowledge of subject and expertise in all cases in which they are working.”

 

Andrey Gusev

“He has excellent knowledge of subject and brilliant communication skills. Combination of these features provides him additional rating in the client's eyes.”

FBK Legal

Based in Moscow, FBK Legal is a Russian audit, tax consultancy and law firm that has been part of Granton Thornton International since 2014.

 

Focusses / specialisms

Project development and restructuring and insolvency.

 

Key clients

Some of the recent key clients of the firm include Gazprom, Mosavtogaz, Transneft and Tuva Energy Industrial Corporation. In M&A, it worked with Kronospan, Yamaha Motor CIS, Alfa bank, Diasoft, Sberbank Group, Gazprombank, Biblio-globus, Absolute Hotel Services, Scholle IPN and Evraz. 

 

Research period review: 30th edition (2019 / 2020)

During the research period in M&A the firm saw mandates in IT and technology, transport and pharmaceuticals, advising investors and companies. It also advised on the sell-side, in due diligence for a financial institution selling non-core assets, and on the buy-side in a publishing house transaction.

In project development the firm advised companies and investors on concession agreements, EPC contracts and joint ventures and framework agreements across a wide rand of sectors, including software, oil and gas, thermal power and energy and social infrastructure.

In restructuring the firm represented a range of creditors, distressed companies, and administrators in bankruptcy proceedings. It also advised on company re-organisations and company debt and corporate restructurings.

In staffing changes Levon Grigorian joined the firm in regulatory and compliance during the research period, hired from Magnusson Law Firm, and the restructuring and insolvency head of practice Marina Balandina left the firm in December 2019.

 

Deal highlights: 30th edition (2019 / 2020)

Kozhukhovskava-Invest $150 million debt restructuring 

 

Client feedback: 30th edition (2019 / 2020) 

Restructuring and insolvency

“Very impressed with quick responses and flexibility in working with our requests. The deliverables we received were all of the highest quality, well-structured with thorough and detailed analysis of the issues raised by us and understandable for people who are not lawyers by profession.”

 

Natalia Gerasimova

“Client focussed and manages client relationship.”

Ilyashev & Partners

Ukrainian firm Ilyashev & Partners established a Moscow office in 2015. The firm also has a branches in Kiev and Tallinn. 

 

Focusses / specialisms

The firm has a focus on M&A and restructuring work.

 

Key clients

Some of the major and recent key clients of the firm include Alfa-Bank, Mars Media Entertainment, The Kraft Heinz Company and UralATI.

 

Research period review: 30th edition (2019 / 2020)

During the research period in M&A the firm advised the buyers in the purchasing of manufacturing assets, gasfields and maritime assets. It also advised sellers in the sale of oilfield. 

In restructuring work the firm advised major creditors in bankruptcy cases and disputes. It also saw mandates in insolvency and debt restructuring, advising 

 

Deal highlights: 30th edition (2019 / 2020)

UralATI $5.5 million corporate restructuring 

 

Client feedback: 30th edition (2019 / 2020)

Banking

“They are able to work fast in complex issues demonstrating efficiency, options to choose at the expected clear price policy.”

“Quick and responsive.”

 

Investment funds

“Atypical ways to solve tasks.”

 

M&A

“The law firm provides attentive and knowledgeable service. Among firm's main strengths are authoritative, organised and forward thinking, practical and proactive approach.”

 

Restructuring and insolvency

"The firm combines cross-border expertise and profound knowledge of Russian regulation. One of the key strengths is its exceptional experience in real estate and construction, banking sectors. This particular combination of skills makes them one of the most sought-after lawyers."

 

Dmitry Konstantinov

“Prompt feedback, understanding our needs and strategic thinking.”

 

Ruslan Mannapov

“Creative; sense of duty.”

“Prompt feedback, understanding our needs and strategic thinking.”

 

Vladimir Zakharov

“Vladimir Zakharov is a very solid team leader. Vladimir provides precise and straightforward advice, offering solutions in situations where progress doesn't seem possible.”

“The firm combines cross-border expertise and profound knowledge of Russian regulation. One of the key strengths is its exceptional experience in real estate and construction, banking sectors. This particular combination of skills makes them one of the most sought-after lawyers.”

Infralex

Infralex, founded in 2014, is a full-service firm located in Moscow.

 

Focusses / specialisms

The firm is active in cross-border deals in M&A, restructuring and project development deals. It has acted for some of the largest Russian companies, often in international mandates that involve China, Singapore or the UK.

 

Key clients

Some of the key recent clients of the firm include United Aircraft Corporation, CNOOC Limited offshore crude oil and gas company, RZD-Nedvizhimost, Ural High-Speed Railway, RG-Development and Sberbank.

 

Research period review: 30th edition (2019 / 2020)

During the research period in M&A the firm advised investors, including pension funds, in the purchase of stakes in projects and brokerage sectors. It also performed legal due diligence on the behalf of buying Russian entities and advised Russian sellers across strategic share acquisitions in the tourism and construction sectors. 

In projects the firm’s lawyers advised on public private partnerships in railway infrastructure and for educational digital platforms. It also advised on the construction on a former cargo yard, the development of a digital transit tracking system and the reconstruction of a military airport.

In restructuring and insolvency the firm worked on the corporate reorganization of large companies, including United Aircraft Corporation. In bankruptcy cases, the firm mainly represented, creditors, advising hotel and sport facility developers, Russian banks, real estate owners and investment and construction companies.

Staffing changes include Ekaterina Kalinina, formerly from Noerr, join as counsel during the research period. 

 

Deal highlights: 30th edition (2019 / 2020)

ANO The New School Platform PPP 

Chelyabinsk-Yekaterinburg High-speed railway PPP

CNOOC $2.55 billion stake in Arctic LNG 2 project

Ctrip $5 million acquisition of 25% share in AVIA CENTER

RZD-Nedvizhimost $1.2 billion HQ construction on Moscow-Tovarnaya-Rizhskaya cargo yard

United Aircraft Corporation of Russia $17.7 billion reorganisation

 

Client feedback: 30th edition (2019 / 2020)

Financial services regulatory

"Professional lawyers, not standard approach to regular situations with tax authorities."

 

M&A

"Best attributes are: response time, cost and quality of advice." 

"Client service and responsiveness. Deployed a team at short notice over a bank holiday weekend."

"High reliability and knowledge of the Russian market, very professional skills with foreign investors."

"Practical, efficient and swift responses; very knowledgeable and professional; reasonable billing."

"First of all, we appreciate Infralex for depth of analysis of the situation and focus on the practical applicability of advice. They are always oriented on maximum results and take a responsible approach to the quality of their performance on the tasks. Infralex has always responded promptly to the tasks set and characterized by flexibility of approaches and the ability to find solutions to complex, non-trivial problems.”

"Consistently excellent work product at reasonable rates; very reactive and proactive; excellent commercial sense."

 

Project development

"Infralex lawyers are not only legal experts. They provide a strategic view of the business model and suggest very effective solutions."

 

Restructuring and insolvency

"The firm proved itself to be the well-coordinated responsive and reliable team of professionals who can deal with the complicated issues. The positive attributes of the firm are the professionalism that supplemented by the many years of successful practice and the promptness of the provision of the qualified legal support."

"Able to communicate effectively in English. A strong ability to provide advice on complex cross-border issues involving different legal systems and the interaction between insolvency law and other legislation."

 

Anna Sytina

“Very responsive and adjusted her style and delivery to integrate with the work we were doing.”

 

Artem Kukin

“They lead the team in a positive way and have fantastic insight into legal issues. They ensure the tam delivers.”

“Professional, experienced, pleasant.”

“Artem is well connected very responsive and very authoritative.”

“Effective, efficient, knowledgeable, accessible.”

“Smart, sensible and a pleasure to work with.”

 

Dmitry Ivanov

“Dmitry has strong management skills and always organize creative work to find the best solution for the project.”

 

Stanislav Petrov

“Stanislav Petrov, the head of practice, is proved to be a qualified and responsive lawyer with the extensive experience in the field of restructuring and bankruptcy, attentive to detail, meet deadlines and overall are a pleasure to work with.”

 

Yulia Eremenko

“Yulia perfectly organizes the work of the project team, as well as takes care of the most complex issues, which gives value to the advice provided by Infralex.

Liniya Prava

Founded in 2000, Liniya Prava is a full-service Russian firm based in Moscow. 

 

Focusses / specialisms

One of the leading domestic firms on the market, Liniya Prava is a good performer across the board in the financial and corporate space. Capital markets is a particular strength. 

 

Key clients

Some of the key recent clients of the firm include Citibank, Credit Suisse, Deutsche Bank, UniCredit Bank, VTB Group, Gazprombank, Natixis Bank, Transneft, Russian Railways and China Development Bank.

 

Research period review: 30th edition (2019 / 2020)

During the research period in banking and finance the firm mainly advised investment banks on multiple aircraft leases financings.

In capital markets work the firm notably advised on the placements of government bonds of the Republic of Belarus, the first in the Russian debt market in almost 10 years. In other debt work the firm advised on bond financing for infrastructure projects and on securitisations.

In M&A the firm advised buyers and investors on acquisitions and share-buyback offers, particularly within the electronics, grain terminal and telecommunication sectors. It also advised on joint venture agreements.

In restructuring and insolvency the firm represented creditors, debtors, and bankruptcy managers in cases.

Staffing changes saw Alexandra Fasakhova join the firm from Allen & Overy as head of banking and finance and Vadim Konyushkevich, a partner in M&A, join VK Partners.

 

Deal highlights: 30th edition (2019 / 2020)

Aeroflot Russian Airlines $650 million 16 Airbus A320 and A321 aircraft lease financing 

Central Ring Road

CTP restructuring 

Mobile TeleSystems acquisition of Green Point Group of companies

Moscow Hliboproduct $65.8 million bankruptcy

Nastyusha $50.4 million bankruptcy

VK Partners

VK Partners is a relatively young firm established in February 2019 by former Lidings' partner Vadim Konyushkevich. It has alliances with independent firms and associations including Cathay Associates and Global Business Lawyers' League.

 

Focusses / specialisms

The firm has a focus on banking and M&A work.

 

Key clients

Some recent key clients for the firm include Sky Power Construction Engineering, Skywind International Limited, Raiffeisen Bank Hungary and Pravocard.

 

Research period review: 30th edition (2019 / 2020)

During the research period the firm has advised on loan facility agreements, supported lessors in aircraft lease agreements and assisted borrowers with credit financing for asset acquisitions. 

In M&A the firm advised on the structuring of joint ventures and provided due diligence on target companies.

Staffing changes included the hires of Natalia Danilova and Ilya Kudryashov from Alrud and Russian Direct Investment Fund respectively. Ekaterina Larens, an M&A and real estate partner, left the firm this period.

 

Deal highlights: 30th edition (2019 / 2020)

VivaTakarmány Befektetési KFT €30 million acquisition financing 

 

Client feedback: 30th edition (2019 / 2020)

Real estate

“Efficient and reasonable.”

 

Project development

“Reactive, client-oriented, flexible, knowledgeable about the constraints of dealing with several legal systems and the practicalities of inbound investment.”

 

M&A

“They have strong consultant skills in Chinese desk and IT.”

 

Vadim Konyuskevich

“Very responsive and business savvy, able to understand the needs of foreign clients and offer the best solution for atypical clients.”

A2.Attorneys

Founded in 2015, A2 Attorneys is located in Moscow. Key figures at the firm include partners Sidorova Maria, Aleksandrov Mikhail and Kurdgev Mikhail.

 

Focusses / specialisms

The firm has a focus on corporate and M&A work.

The firm has experience across a range of sectors, including technology, pharmaceuticals and real estate.

 

Research period review: 30th edition (2019/2020)

During the past year, the firm was often active on several restructuring mandates and assisted with the establishment of a joint venture.

 

Client feedback: 30th edition (2019/2020)

M&A

In my opinion, one of the important criteria for working with a law office is compliance with project deadlines. Lawyers A2 Attorneys never missed the deadlines, always sent the necessary documents on time. If we talk about work on projects, then lawyers work deeply on each document, pay attention even to insignificant details.

 

Restructuring and insolvency

“I have long-established ties with one of the partners and the main thing for me is their availability and responsiveness plus creative approach.”

 

Allen & Overy

Magic circle firm Allen & Overy has been active in the Russian market since 1993. The firm’s Moscow office serves as the headquarters for its global Russia practice group, which comprises 150 lawyers.

 

Focusses / specialisms

The firm is ranked among market leaders for its banking and finance practice. Its banking team is particularly strong in asset finance, syndicated lending and refinancing. The firm often represents lenders on corporate lending and project finance work and works for regional and international investment banks.

The M&A team often works on a mix of cross-border and domestic transactions, most notably in the manufacturing, minerals and oil and gas sectors.

Project work is another area of strength for the firm, especially in the financing space. The firm largely represents banks on funding national projects including copper fields, power plants and shopping centres.

In the restructuring and insolvency space, the firm acts for banks and investors on their own restructurings, as well as for creditors on bankruptcy proceedings.

Key clients

Notable clients include Goldman Sachs, Société Générale, Morgan Stanley, Sberbank, Rosneft, ING Bank, The Japan Bank for International Cooperation, UniCredit and Raiffeisenbank.

Research period review: 30th edition (2019/2020)

During the past year, the banking team was primarily active on the side of banks across a host of financing mandates. An interesting confidential mandate saw the firm advise on a complex acquisition financing transaction.

A recent notable M&A mandate saw the firm advise on the joint venture between Sberbank and Mail.ru Group. Another highlight saw the firm advise an international technology company on the acquisition of a Russian company.

On the restructuring front, the firm acted for a variety of stakeholders such as security agents, facility agents, creditors and security trustees.

Deal highlights: 30th edition (2019/2020)

Credit Bank of Moscow $500 million financing

Chelyabinsk Metallurgical Plant €950 million loan facility

О2О Holding and Delivery Club acquisition of Foodplex

Rambler Group acquisition of a 6% stake in Epokha Digital

Sberbank / Mail.ru Group joint venture

Client feedback: 30th edition (2019/2020)

Banking

“Excellent lawyers at all levels.  English law solicitors on the ground in Russia resulting in a well-integrated platform for both English law and Russian law advice. Competitive quotes.”

“They work very quickly. The fees are reasonable and the quality is good.”

“Extremely qualified and business oriented lawyers.”

 

M&A

“They are one of the top M&A firms in Russia and one of the few firms who have English law capabilities on the ground in Moscow.  They provide excellent insights, have a great reputation and a strong team with perfect market knowledge. Their lawyers have a deep knowledge of various legal and business solutions and always think a few steps ahead. They are professionals who know how to win and to fight for their clients. You feel safe when they are on your side. I can recommend them for both high-end local transactions and complicated international projects. Extremely prudent and transparent team of professionals and a pleasure to work with.”

“Fast and good at details.”

 

Restructuring and insolvency

“Responsive, commercially minded, technically excellent and very proficient in the English language.”

“Great knowledge and insight on the local court practices and rules. Proactivity and efficiency.”

ALTHAUS Legal

Founded in 2009, ALTHAUS Legal has a team of 20 lawyers fronted by partner Ilya Smirnov.

 

Focusses / specialisms

The firm is ranked for its banking, capital markets, and corporate and M&A work.

Sectors of focus include banking, natural resources, technology, transportation, agriculture and construction.

Key clients

Notable clients include Beijing Gas, VTB Capital, KGAL and Sberbank Capital.

Research period review: 30th edition (2019/2020)

Althaus Legal was particularly active in M&A during the research period, taking on a mix of buy and sell-side roles. A standout deal saw the firm advise Beijing Gas on matters related to a joint venture with a large Russian company.

Deal highlights: 30th edition (2019/2020)

AC Damate Group acquisition of Kolyshleysky elevator

VTB Capital $150 million investment in Regional Infrastructure Company

Beijing Gas / Rosneft joint venture

Client feedback: 30th edition (2019/2020)

Banking

“The firm's employees do their best to understand what is the client's purpose of entering into the transaction and make good proposals for structuring.”

 

Capital markets : Debt

“ALTHAUS has a great team. All their lawyers have excellent knowledge of regulatory issues and are always up-to-date with the applicable legislation. They are also very prompt and thorough in their advice.”

 

M&A

“Fast reactions, adaptivity to client's responses, and a professional team.”

“ALTHAUS Legal team is strong and reliable in my opinion. They can easily deal with corporate, M&A and commercial work, projects in capital markets, debt and restructuring. To summarize, they are affable, helpful and proactive. They not only know the law inside out but demonstrate a very high level of sector analysis thus being extremely effective.”

“ALTHAUS lawyers are smart and diligent. They respond fast and pay attention even to minor details. The project team was proactive and highly efficient.”

Andrey Gorodissky & Partners

Founded in 1992, local law firm Andrey Gorodissky & Partners maintains an office in Moscow and is led by managing partner Andrey Gorodissky.

 

Focusses / specialisms

The firm is recognised for its banking, corporate and M&A and restructuring and insolvency work.

Sectors of experience include banking and financial services, automotive, food and beverage, mining, real estate and technology.

Key clients

Notable clients include Sberbank Investments.

Research period review: 30th edition (2019/2020)

During the review period, the firm often acted for investors. The firm notably acted on a multi-stage and complex real estate joint venture between Sberbank and Rostelecom. A high-value deal saw the firm act for repeat client Sberbank Investments on acquiring a stake in a real estate development in Moscow.

Deal highlights: 30th edition (2019/2020)

Ant Yapi development project

Sberbank / Rostelecom joint venture

Arbitrage.ru

Arbitrage.ru is active in the restructuring and insolvency space. The firm is led by managing partner Daniil Savchenko.

 

Client feedback: 30th edition (2019/2020)

Restructuring and insolvency

“The strengths of the law firm Arbitrage.ru can include the following:  - high organization, attention to detail, attention to deadlines. Professionalism in selected areas of law and practice: bankruptcy, litigation and tax disputes. Arbitrage.ru has a clear specialization that suits me completely. The company is not sprayed, lawyers have clear specializations in which they deepen their knowledge and gain experience. This reduces the risk of errors and allows you to creatively and unconventionally approach the solution of specific problems in projects. Find solutions that do not lie on the surface, but can be found and implemented by lawyers who have many years of practice in their field of activity (branch of law). Strategic approach to projects: The lawyers of Arbitrage.ru in my projects at the beginning study the details, and then develop a strategy based on them. After we approve the strategy, tactics are developed and tools for its implementation are selected. Further, the strategy is clearly implemented, if necessary, adjustments are made. This is a comprehensive project approach that helps you achieve the best results. Deep legal knowledge, but at the same time a practical approach to business: Arbitrage.ru employs lawyers with a good base, knowledge of the theory, but also constantly studying judicial practice, the practice of law enforcement in their field. This allows a non-standard approach to solving problems, finding keys that help solve seemingly unsolvable problems.

 

“Arbitrage.ru effectively promotes complex tasks related to working with debtors and debt collection, including initiating and conducting bankruptcy proceedings for debtors. This is our reliable partner, fulfilling our obligations.”

 

Baker McKenzie

US firm Baker McKenzie has over 130 lawyers spread across its Moscow and St Petersburg offices, which opened in 1989 and 1992, respectively. Key figures at the firm include CIS managing partner Sergei Voitishkin and St Petersburg managing partner Maxim Kalinin.

 

Focusses / specialisms

Baker McKenzie is best known for its strong project-related transactional work in Russia, where it is among the market leaders in the mining sector. The firm also impresses on debt capital markets and restructuring work.

The banking team advises on a range of matters such as acquisition financing and corporate lending and has particular experience in the manufacturing and transport sectors.

In the debt capital markets area, the firm often acts for both issuers and lenders and is particularly strong on eurobonds and securitisation work.

In M&A, the firm is experienced in domestic transactions and local representation of international transactions. The firm is also strong in joint ventures, particularly in the renewable energy and oil and gas sectors.

The firm’s projects work is primarily focused within the mining and oil and gas sectors where it advises on a range of matters from procurement to construction queries.

The restructuring team advises stakeholders such as creditors, debtors and bankruptcy administrators.

Key clients

The firm’s client list includes Citigroup Global Markets, JP Morgan Securities, Rhône Capital, Russian Platinum Group and UBS.

Research period review: 30th edition (2019/2020)

In the past year, the banking team was primarily active for lenders across multiple confidential financing transactions.

In capital markets, the firm was notably active on several mortgage securitisation termination mandates and bond issues. An interesting mandate on the equity side saw the firm advise the custodian bank in the re-domiciliation of an energy and metals company.

The corporate team was recently active for both sellers and investors across a host of transactions. A global mandate saw the firm advise a private equity firm on the acquisition of the drilling and fishing businesses of Schlumberger. In another notable deal, the firm advised Gazprom Neft in forming a joint venture with Shell.

On the projects side, the firm advised a confidential client on the development of a natural resource processing plant.

One recent restructuring highlight saw the firm advise a creditor on the potential bankruptcy of a distributor.

Deal highlights: 30th edition (2019/2020)

Abinsk Electric Steel Works $215 million acquisition of Severstal Long Product Mill Balakovo

Jerooy Gold Mine

Russian Platinum Group / Norilsk Nickel

Rhône Capital $400 million acquisition of the drilling and fishing businesses of Schlumberger

Shell / Gazprom Neft joint venture

Trans-Oil Group $300 million 12% bond issue

Client feedback: 30th edition (2019/2020)

Banking

“Timely responses and always available to have a discussion. We were closing during the holiday season and had an extreme timeline but were always assured that the BM would be around to assist us when required.”

“Simon Morgan really left a lasting impression. He is personable and went beyond the extra mile to close the transaction during the unconventional transaction time of Christmas and New Year. Simon was always professional, affable and provided a truly client-centric experience by being available around the clock and doing so with a positive attitude.”

 

Capital markets : Debt

“A quick review of transaction documents, an efficient organization of due diligence, and a very reasonable and rational approach.”

 

 

M&A

“Deep knowledge of the legal practice that helps to face all clients needs.”

“Responsiveness and technical capability.”

“International coverage and specialization in almost every area.”

“Professional and timely support.”

“B&M has a great team with a good mix of lawyers capable of providing tailored timely advice. B&M is well positioned on the market due to its industry knowledge, experience, insights from working closely with governmental authorities, its international connection.”

 

Restructuring and insolvency

“Reliability and good knowledge of local market.”

“Excellent expertise in the area and a client and solution-oriented approach.”

“Great experience, deep knowledge, and success.”

 

Bryan Cave Leighton Paisner

Active in the market since 2009, Moscow headquartered firm Bryan Cave Leighton Paisner boasts a team of over 120 lawyers under the leadership of managing partner Andrey Goltsblat.

 

Focusses / specialisms

Bryan Cave Leighton Paisner is renowned in the Russian market for its work in the M&A and projects space.  

The M&A team regularly advises on cross-border acquisitions, sales, mergers and joint ventures. Sectors of focus include energy, technology, logistics, food and beverage, healthcare and banking.

The projects team has experience advising on infrastructure projects of national significance, working for clients ranging from oil and gas corporates to international development banks.

Key clients

Notable clients include Teva Pharmaceutical Industries, JSC Yenisei, RusHydro, Sberbank Investments, Far East and Arctic Region Development Fund, A1, and South Stream Transport.

 

Research period review: 30th edition (2019/2020)

The banking team took on roles for both borrowers and lenders across a range of mandates, including acquisition and project financing.

The corporate and M&A team took on a mix of buy and sell-side roles. A highly publicised deal saw the firm advise Sberbank Investments on acquiring a stake in a mineral fertilizer forwarder. The firm also advised an energy company on the acquisition of a powerplant.

One high-value projects deal saw the firm advise the developer on the development of the TurkStream Offshore Pipeline.

In a high-value restructuring and insolvency mandate, the firm acted for the creditors on the bankruptcy of a pharmaceutical company. Another noteworthy deal saw the firm advise a confidential client on its high-value debt restructuring.

The firm expanded its projects team with the hires of Aydin Jebrailov, Levon Kocharyan, and Olga Fonotova from Norton Rose Fulbright.

Deal highlights: 30th edition (2019/2020)

Khabarovsk airport

Skovorodino methanol plant

TurkStream offshore pipeline

Yenisei $163 million acquisition of Krasnoyarskaya GRES-2 power plant

 

Client feedback: 30th edition (2019/2020)

Banking

“Perfect drafting, negotiations with opponents to secure the bank's position and client support.”

“Professionalism, excellent knowledge of the matters of law, high responsibility and client-orienting approach.”

 

Financial and corporate

“The company`s legal advice correlates with the provisions of the current legislation and the market best practices effectively. The firm provides essential support for the client`s urgent issues that arise on a regular basis.”

 

M&A

“Commitment, speed, and efficiency.”

“Pro-active approach, accurate advice, and senior lawyers (Partner level) participation.”

“They were good business advisers - a combination of legal understanding and commercial pragmatism. Worked very collaboratively with us.”

“Very good, active and responsive team. Enough very qualified resources to handle complex matters. A business-oriented approach and they are helpful in solving problems.”

“We are quite content with how effectively the law firm handled our quite specific requests. A business-oriented but also legally correct and profound approach. Value for money.”

“Extremely good service and communications.”

 

Project development

Committed, knowledgeable, responsive, and reasonably priced.

 

 

Restructuring and insolvency

“They are very professional in what they do, give us timely advice, control the process, good knowledge of both material and procedural aspects of the law.”

Capital Legal Services

Led by managing partner Vladislav Zabrodin, Capital Legal Services is a full-service local law firm established in 1999. The firm has a cooperation with Castrén & Snellman Attorneys and has offices in Moscow, St Petersburg and Helsinki.

 

Focusses / specialisms

The firm is noted for its expertise in the projects space, particularly in PPPs. The firm is also recognised for its work in the corporate space.

Key clients

Recent clients include Seventh Concession Company, Arkhangelsk Transport, Siberian Concession Company, EKS Group of Companies and Pizzarotti.

Research period review: 30th edition (2019/2020)

The firm was particularly active in the projects space in the review period. Highlights include advising Seventh Concession Company on a healthcare PPP project and advising on the construction of a unique deepwater port in Arkhangelsk.

Deal highlights: 30th edition (2019/2020)

Arkhangelsk deepwater port

Ob toll bridge

Seventh Concession Company PPP

 

Client feedback: 30th edition (2019/2020)

Project development

“Great insight in PPP - probably the most experienced law firm in this field in Russia. We also value their brilliant drafting style. Clear and concise.”

“Professional solutions.”

“The work was carried out promptly and efficiently. Communication was at a highly professional level and pleasant.”

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton has established itself as one of the leading law firms in the jurisdiction. The law firm opened its Moscow office in 1991 and houses over 20 lawyers.

Focusses / specialisms

The firm is renowned for its market leading corporate and M&A practice and boasts strong capital markets and restructuring practices.

The firm’s banking team regularly appears as the borrower’s counsel on large syndicated loans and project financings extended to Russian companies.

The corporate team has a history advising on landmark transactions. The firm acts for acquirers and sellers on a mix of acquisitions, mergers, joint ventures and financial investments. Sectors of activity include real estate, oil and gas, mining, technology and telecommunications, and retail.

Key clients

Recent clients include MegaFon, TPG Capital, Lenta, AFK Sistema, Eurasian Resources Group, Republic of Armenia and Summa Group.

Research period review: 30th edition (2019/2020)

The banking team was often active for the borrowers; a representative mandate saw the firm advise an aluminium company on availing the first-ever sustainability-linked syndicated facility arranged by international commercial banks in Russia.

One recent highlight saw the firm advise MegaFon on a high-value joint venture in the telecommunications sector. Another significant mandate had the firm advise TPG Capital on a high-value divestment of its stake in the operator of the largest hypermarket business in Russia. 

Deal highlights: 30th edition (2019/2020)

Etalon Group $234 million acquisition of a 51% stake in Leader-Invest

MegaFon / Alibaba Group / Mail.ru Group / Russian Direct Investment Fund joint venture

MegaFon / Mail.ru Group / Alipay / USM / Russian Direct Investment Fund joint venture

Summa Group $198.5 million divestment of a 90.56% stake in Yakut Fuel and Energy Company

TPG Capital $599 million divestment of a 34.45% stake in Lenta

UC Rusal $1 billionsyndicated facility

Client feedback: 30th edition (2019/2020)

M&A

“Cleary is definitely a top-notch firm with an exemplary funds practice in NY and very strong M&A practice in Russia. They do an excellent job.”

Clifford Chance

Magic circle firm Clifford Chance has been active in Russia since 1991. The firm’s office is located in Moscow and houses a team of 60 lawyers under managing partner Victoria Bortkevicha.

 

Focusses / specialisms

The firm is best known in Russia for its strength in financing mandates—particularly in the banking, capital markets and project finance areas—where it is one of the market’s strongest firms.

The firm’s banking team often acts for banks and alternate lenders on a variety of mandates regarding the provision of loan facilities, including in the fast-developing area of Russian law syndicated lending. The team is also strong in areas such as asset finance, structured finance and real estate finance.

The capital markets team advises issuers and arrangers across a range of equity and debt offerings. The firm’s expertise in sovereign bond issues is particularly noticeable.

The M&A team works on mandates including cross-border acquisitions, mergers, and joint ventures. The firm has a strong presence on energy, healthcare, real estate and retail deals, while the firm’s private equity expertise is also recognised.

The firm’s project development team has experience advising on projects of national importance, and advising on EPC agreements.

In the restructuring and insolvency space, the firm has particular expertise in the aviation, financial services and retail sectors.

Key clients

The firm’s client list includes ING Bank, VTB Bank, The Ministry of Finance of the Russian Federation, Sibur, Pfizer Innovations, VEB.RF, and Sberbank.

Research period review: 30th edition (2019/2020)

The banking team was notably active on several high-value transactions in the aviation industry. The firm also acted for borrowers and lenders on a host of financing mandates.

In capital markets, the firm mainly advised on IPOs of domestic companies and block trades. On the debt front, the firm often acted for the Ministry of Finance of the Russian Federation on the issue of Eurobonds.

A standout corporate deal saw the firm advise Pfizer on a joint venture with GlaxoSmithKline.

Highlights in the projects space include advising on the financing of the construction of a coal transhipment terminal and assisting on the development of Arctic LNG 2.

In the restructuring and insolvency space, the firm was often active for the lenders.

Deal highlights: 30th edition (2019/2020)

Arctic LNG 2

Pfizer / GlaxoSmithKline joint venture

PhosAgro $500 million 3.05% eurobond issue

Severgroup $729 million acquisition of a controlling stake in Lenta

The Ministry of Finance of the Russian Federation $1 billion 5.10% eurobond issue

UTair restructuring

Client feedback: 30th edition (2019/2020)

Banking

“Efficient, experienced, and easy to deal with.”

 

Financial and corporate

“Qualification of lawyers, attention to client's needs and client management in general.”

 

Project development

“Business acumen and commitment.”

“Excellent quality of work, prompt support, and negotiation skills. Clifford Chance team managed complicated negotiation with the EPC contractor team, provided business-focus advice, aiming to resolve all complex issues.”

“Their knowledge of international law (English Law) was very essential for our contract.”

CMS Russia

Global law firm CMS has been active in Russia since 1992 and maintains an office in Moscow.

 

Focusses / specialisms

The firm is best known for its restructuring work and is also active in banking, corporate and M&A, and projects.

The firm’s extensive network allows it to effectively act on cross border restructuring and insolvency mandates. The banking team notably acts for foreign and local banks, and the corporate team has a particular focus on the energy, healthcare and technology sectors.

Key clients

Key clients include UniCredit, American Express, Sberbank, MoneyGram, PayPal, VTB Group, Rosneft Oil Company and Allianz.

Research period review: 30th edition (2019/2020)

In the past year, the banking team was active for borrowers and lenders on matters such as project financing, refinancing, acquisition financing, export financing, and debt restructuring.

One high-value corporate highlight saw the firm act for a global private equity firm on an acquisition in the chemicals sector. A confidential highlight saw the firm advise an international client on a joint venture.

In the restructuring space, the firm recently acted for the creditors on a complex cross border debt restructuring in real estate.

Deal highlights: 30th edition (2019/2020)

Lone Star €3.17 billion acquisition of BASF’s Construction Chemicals business

S8 Capital acquisition of Price.ru

S8 Capital divestment of stake in ELT-Poisk

Uralkali $1.5 billion pre-export financing facility

 

Danilov & Partners

Boutique firm Danilov & Partners was formed in 2014 and is headed by Andrei Danilov. The firm maintains offices in Moscow and Austin in the US.

 

Focusses / specialisms

The firm is noted for its corporate and M&A practice. It advises clients such as international corporations, Russian privately held companies, financial institutions, and private equity firms in both domestic and cross border mandates.

Key clients

Recent clients include Irkutsk Oil Company.

Research period review: 30th edition (2019/2020)

Recent highlights include taking on both buy and sell-side roles, advising on restructurings, and regulatory compliance mandates. An interesting deal saw the firm assist a Russian independent oil company with the corporate aspects of the construction of a polyethylene production plant.    

Staffing changes saw the firm welcome Sergei Mishin as of counsel from a global law firm, while partners Alexandra Fasakhova and Peter Khokhlov left for Liniya Prava Law Firm and Advaita Group respectively.

Deal highlights: 30th edition (2019/2020)

Yaraktinskoepolyethylene production plant

Client feedback: 30th edition (2019/2020)

M&A

“Responsibility, loyalty, and experience.”

 

Project development

“Responsive, knowledgeable about the industry, and pragmatic.”

 

Debevoise & Plimpton

Debevoise & Plimpton’s Moscow office is led by managing partner Alan Kartashkin and serves as a hub for the firm’s activities in Russia and the CIS.

 

Focusses / specialisms

Debevoise & Plimpton’s Moscow office is recognised for its work in the M&A and project development areas, especially for its expertise in mining.

The firm is active in the M&A space, where it works on transactions for acquirers and sellers related to energy, mining and transport.

In the project development space, the firm’s team complements its strong transactional practice by working on engineering, procurement and construction (EPC) agreements.

Key clients

Notable clients include Norilsk Nickel, Polyus, MegaFon Finance, NLMK, Alibaba Group, Freight One, Sberbank, and PPF Real Estate.

Research period review: 30th edition (2019/2020)

The banking team took on a mix of roles for borrowers and lenders; a significant deal saw the firm advise Norilsk Nickel on upsizing and extending a syndicated facility agreement.

In capital markets, the firm advised clients such as issuers on matters including Eurobond issues and IPOs.

In M&A, an eye-catching deal saw the firm advise Alibaba Group on a joint venture with RDIF, MegaFon and Mail.ru Group. The firm acted for buyers and sellers on acquisitions and advised on restructurings.

In projects, the firm was often active in the real estate sector. Representative work saw the firm advise Sberbank on the development of a smart city and a technology park.

Deal highlights: 30th edition (2019/2020)

Comcity Office Park

Norilsk Nickel $4.15 billionsyndicated facility

Skolkovo Innovation Hub

Yandex restructuring

Client feedback: 30th edition (2019/2020)

M&A

“Competence and experience.”

“Debevoise (Moscow and London teams) have been advising our firm for several years already on a huge number of issues, not only M&A but also litigation/arbitration, general corporate, commercial contracts etc. The team knows our firm's arrangements very well and always provides comprehensive support.”

 

Project development

“Handpicked team, work done in time, and all risks were disclosed and discussed.”

“Lawyers at Debevoise & Plimpton provide professional advice on all aspects of legal issues, excellent knowledge of the law, understanding of the specifics of doing business in Russia.”

 

Deloitte

Deloitte has been active in Russia since 1990 and has a presence in several major cities including Moscow, Saint Petersburg, Ufa, Ekaterinburg, Novosibirsk, Yuzhno-Sakhalinsk and Vladivostok.

 

Focusses / specialisms

The firm is recognised for its work in corporate and M&A and the projects space.

Sectors of activity include transportation, education, utilities, healthcare, automotive, consumer products, and pharmaceuticals.

Key clients

Publishable clients include Zettek Company and INDRIVERRU. 

Research period review: 30th edition (2019/2020)

The corporate team advised on acquisitions, restructuring, and joint ventures.

The project team’s recent activities include advising on EPC contracts and assisting with the construction of a methanol and nitrogen fertilizer plant.

The firm strengthened its corporate offering with the hire of partners Anna Kostyra from EY Law and Nikita Korobeinikov from Duvernoix Legal.

 

Dentons

Dentons in Russia has a team of 140 legal practitioners and has offices in Moscow and St. Petersburg. Alexei Zakharko serves as managing partner and head of the firm’s Russian energy and natural resources practice.

 

Focusses / specialisms

Dentons is active in banking, capital markets, corporate and M&A, project development and restructuring and insolvency.

Often working alongside its global network of offices the firm’s banking and finance team advises on matters including corporate loans, project financings and refinancings.

In M&A, the firm works for a mix of international and domestic clients on deals in sectors such as life sciences, real estate and transport. The M&A team operates in cooperation with other Dentons’ offices in the region and is regularly involved in Azerbaijani, Georgian, Kazakhstani, Ukrainian and Uzbekistani matters.

The project development team regularly works on energy and PPP mandates for international clients. A niche area of the team’s work is its assistance to Russian oil and gas companies who look to build in Iran.

The firm’s restructuring team acts on mandates settling unsuccessful cross-border commercial property loans and export trade debt, among other tasks.

Key clients

The firm’s publishable clients include Chelpipe, Uralkali, TMK, VTB Asset Management, Matrix OOO, Epsilon Development Company, and ivi.ru.

Research period review: 30th edition (2019/2020)

The capital markets team was often active for issuers on Eurobond issues.

The corporate team mainly took on buy and sell-side roles on acquisitions and advised on joint ventures, mergers and fundraisings.

In a standout deal, the projects team advised a state-owned entity on a significant PPP mandate in the transport sector. The firm was also notably active on the first major upstream investment in Uzbekistan by a privately owned company.

An interesting mandate on the restructuring side saw the firm advise the lenders in a cross border restructuring of a company operating in the banking and financial services sector.

A notable staffing change saw the firm welcome Konstantin Kroll from Orrick’s London office to its corporate team.

Deal highlights: 30th edition (2019/2020)

Chelpipe $300 million 4.50% bond issue

Matrix OOOregional IT PPPs

Renaissance Credit EMTN programme

TAV Airports Holding, Verno Capital and Mubadala Capital acquisition of Almaty International Airport

TMK $500 million bond issue

Uralkali $500 million 4% bond issue

 

Client feedback: 30th edition (2019/2020)

Banking

“Deep understanding of the subject matter, global reach providing impressive experience in all types of financings and implications of local jurisdictions.”

“We appreciate our long-term collaboration with the team of lawyers. They are highly professional, always protecting our interest with passion.”

“Everything.”

“Very proactive in solutions, very responsive and pleasant to deal with, and excellent English and Russian law expertise in Banking and commercial matters.”

 

Capital markets

“Prompt response and precise advice.”

“Experience, speed and adequate pricing.”

“The Firm has a very commercial approach and can see the bigger picture and think outside the box.”

“Dentons team helped our company in all respects with Eurobond deal on an international stock exchange, starting with the selection of the structure of the deal. The last time our company placed Eurobonds was some time ago, so Dentons team had to prepare all documents from scratch - the prospectus and other transaction documentation. Dentons team was available 24/7, positively reacted to our numerous requests to change the prospectus and other documents. Dentons team was creative in solving our requests, managed to negotiate with the international exchange all required changes. We are really happy with the work that the Dentons team provided to us.”

“Very fast response time, very helpful advice and walking the extra mile to explain concepts to non-experts in the team.”

“We were provided with full and most understandable legal assistance. The transaction was quick and successful.”

 

M&A

“We are impressed that Dentons in Russia is a truly full-service law firm covering pretty much all areas of practice. This is rather unique among international law firms operating in Russia as most of them, unlike Dentons, concentrate just on a few practice areas (mostly corporate and finance).             “

“The whole Dentons team was professional, cooperative, and responsive like they have always been.”

“Professional level way exceeding my best expectations. Good and flexible communications and cooperation during the project. I especially appreciate the efforts Dentons spent to give us a deep enough understanding of what is going on.”

“Highly professional teams, client centric, and a pleasure to work with.”

“Dentons is well known on the market for its excellence in Corporate/M&A projects in Russia. This is a standout practice for complex cross-border transactions. The team is very experienced, has deep knowledge of the industry, is able to work under tight deadlines and find creative solutions. Besides, it provides outstanding client service! The lawyers are very responsive and are always available when you need them.”

“They are trusted advisors when it comes to international corporate transactions. A strong team and very commercial.”

 

Project development

“High professionalism and clear client and business focus.”

“Guys are very in the topic, they had the experience to participate as experts when this law was created so they are deep. Good ideas with good experience.”

“I am impressed by the delivery and performance of the team, especially Tair Syleimanov. He is the right person in the team who simply get the work done. Very sharp, knowledgeable and proactive.”

“Hight level of expertise and a client oriented approach.”

 

Restructuring and insolvency

“Very high competence, reliability and ability to deal with numerous requests.”

“They are very practical and their advice is always technically very sound.”

DS Law

Founded in 2012, Moscow headquartered DS Law is known for its focus on the technology sector. Key lawyers include partners Alexander Filimonov and Denis Belyaev.

 

Focusses / specialisms

The firm is known for its high-tech and digital sector venture capital and M&A work.  

The firm focuses on providing support to venture funds and emerging companies throughout the investment life cycle.

Key clients

Recent clients include Inforum, Aplana Group, Skolkovo Ventures, Intelligence Retail, Admitad Invest, and Prostor Capital.

Research period review: 30th edition (2019/2020)

The firm was recently active for both sellers and buyers on acquisitions and advised on restructurings and joint ventures.

 

Deal highlights: 30th edition (2019/2020)

Barry Callebaut Group acquisition of Inforum

Sberbank / Mail.ru Group joint venture

Skolkovo Ventures $3.2 million investment in BFG Group

Duvernoix Legal

Russian law firm Duvernoix Legal has been active since 1999 and boasts an international presence with offices in Moscow, St Petersburg, and London. Egor Noskov leads the firm as managing partner.

 

Focusses / specialisms

The firm is strongest in restructuring and insolvency, where it supports both debtors and creditors in bankruptcy proceedings.

Key clients

Recent clients include Aegean, OSARA, Kraftvaerk, Polyandria, Laguna, and the Alumni Association of St Petersburg State University.

Research period review: 30th edition (2019/2020)

The corporate team often acted on general corporate and regulatory compliance mandates. One highlight saw the firm assist Polyandria with establishing a new entity.

The firm was also active in the project development space, primarily advising on developments in the real estate and hospitality sectors.

In the restructuring space, the firm notably advised an oil company with the liquidation of a subsidiary.              

The firm expanded its restructuring team with the addition of Karina Epifantseva as head of restructuring and insolvency from Appeal Centre.

Deal highlights: 30th edition (2019/2020)

Aegean BD & M Neva insolvency

Polyandria No Age

Rauschen Hotel Resort

 

Client feedback: 30th edition (2019/2020)

Capital markets : Debt

“Professionalism and timing.”

 

Project development

“They react very promptly, show good organization and high legal knowledge. Specifically, I would like to mention Alexander Arbouzov, who is extremely responsive and client-oriented.”

 

Egorov Puginsky Afanasiev & Partners

Domestic firm Egorov Puginsky Afanasiev & Partners was founded in 1993 and has an international presence with offices in Ukraine, Russia, Belarus, and associated offices in the United Kingdom and the United States.

 

Focusses / specialisms

The firm boasts a diverse financial and corporate offering and is particularly strong in restructuring and insolvency.

In banking and finance, the firm works on matters such as the securitisation of mortgage assets, mezzanine financing, project financing and acquisition financing. The corporate team has experience advising both buyers and sellers and the projects team has worked within several sectors, including transport social infrastructure, utilities and energy.

Key clients

Non-confidential clients include Raiffeisenbank, Gruma Group, and EDS Group.

Research period review: 30th edition (2019/2020)

The banking team was active for borrowers and lenders on several confidential mandates including, debt restructuring, refinancing, project financing, and securitisation.

A standout capital markets deal saw the firm advise a bank on a unique subordinated bond programme. On the equity side, the firm acted for a state-run company on matters involving asset consolidation.

The corporate team advised buyers and sellers across various industries.

Projects highlights include advice on a major real estate development in Moscow and advice on the construction of a seaport terminal.

The restructuring team continued to impress in the research period. The firm was notably active for a private client on an unprecedented mandate involving the largest bankruptcy of a non-banking organisation.

Staffing changes saw the departure of counsels Vyacheslav Yugai and Andrey Bashirov. 

Deal highlights: 30th edition (2019/2020)

Client feedback: 30th edition (2019/2020)

Banking

“The company always keeps in touch, is competent in all questions, and has held negotiations on the highest level.”

“Firstly, I would like to concentrate the attention, that the project we worked on together with EPAM required the involvement of numerous legal practices and staff. It required a thorough analysis of banking & finance legislation, tax law, corporate laws, etc. Secondly, we are very satisfied with the high level of professionalism, management skills, and the ultimate effectiveness of EPAM's legal staff.  In the sphere of banking & finance, they are like fish to water: a) have a clear understanding of the B&F industry; b) follow the client's interests; c) offers practical solutions to reach the final goal.  And finally, EPAM impressed me with their approach to teamwork. Being recognized pioneers in working with newly adopted legislation, they know what and how to do, especially in terms of interaction with regulators.”

“The team constantly provides great efficiency due to excellent legal knowledge and technical skills.  They deal with a variety of banking & corporate finance issues. They know how to create comprehensive tailored financial products and implement the most secure funding instruments.”

“The firm possesses a highly professional team of B&F lawyers able to cope with the most challenging issues, thanks to EPAM's huge regulative experience and close cooperation with banking institutions.”

 

Capital markets

“The firm has an experienced Capital Markets team that has been involved in Russian securitization transactions since the early 2000s. Senior attorneys of the firm have been advising Russian legislators on the Securitization Laws recently implemented in the country. The team comprises attorneys with a broad international background, which helps to establish high working standards.”

“The Firm is progressive and works effectively with complex deals. EPAM is a leader in the Russian market, and it is not surprising that the practice comprises talented layers often dealing with newly adopted legislation and complex matters. All of them give prime advice in banking & finance and capital markets areas. They are really good and skillful in bond issuances, securitization and structured products.”

“EPAM Capital Markets practice is the team of innovators who deal with nonstandard refinancing projects, securitization transactions, regulatory matters and bonds. They are direct and precise in formulating possible risks. They are technically very strong. They suggest approaches that are based on deep legislative analysis and creative thinking.”

“Extensive expertise - a team of best market experts.”

“The firm possesses an excellent and highly specialized Capital Markets team that is able to cope with the most challenging issues. The team deals with IPOs, private placements of equity, various types of equity fundraising and equity-linked securities.”

 

Project development

“EPAM's Energy law team was effective in all stages of project implementation. They delve into the subject scrupulously and act cohesively as a well-organized team.”

 

Restructuring and insolvency

“They are astonishing attorneys. This is a go-to firm for challenging and complex restructurings and insolvency cases. They can deal even with unresolved matters with no relevant practice at hand. This is a picture of credibility when large money is at stake. I know that if I hire EPAM, I won't have any worries about their meticulous analysis, irrefutable decisions and thorough judgment. Their performance is always afloat, and there's nothing to improve for them.”

 

Eterna Law

European law firm Eterna Law has been active in Russia since 2008 and has an international presence with offices in Moscow, Riga, Kyiv, Dusseldorf and Almaty.

Focusses / specialisms

The firm is noted for its M&A practice. It regularly advises domestic and foreign corporates and financial institutions on matters across a variety of sectors, including banking, technology, media, insurance, consumer products and manufacturing.

Key clients

The firm was recently active for SKM, Solar Systems Development, Lyca Mobile, Lukoil, and AeroClub.

Research period review: 30th edition (2019/2020)

Recent highlights include advising buyers on the purchase of non-resident assets, advising on corporate reorganisations, and assisting Solar Systems Development with the construction of a photovoltaic power plant.

Deal highlights: 30th edition (2019/2020)

Crimean Development Company $35 million sale of a shopping and entertainment center

Kalynivska photovoltaic power plant

 

Eversheds Sutherland

Eversheds Sutherland opened its Moscow and St Petersburg offices in 2017. Managing partner Victoria Goldman leads the firm’s Russia team.

 

Focusses / specialisms

Eversheds Sutherland in Russia is best known for its corporate work.

The team has experience in buy and sell-side work in sectors such as agriculture, transport, production and logistics.

 

Key clients

Recent clients include Gazprombank, GM, Tenneco, PPG, Guardian, Kering Group, Rolls-Royce, and Univar.

Research period review: 30th edition (2019/2020)

In banking and finance recently, the firm advised on matters including trade finance and debt restructuring.

An eye-catching deal on the corporate front saw the firm advise Rolls-Royce on the sale of its marine business. In another newsworthy transaction, the firm advised Univar on its high-value acquisition of Nexeo.

In restructuring, one highlight saw the firm advise Cherkizovo Group on the acquisition of the Belaya Ptitsa Group’s debt.

Deal highlights: 30th edition (2019/2020)

Belaya Ptitsa insolvency

KONGSBERG Gruppen £500 million acquisition of Rolls-Royce’s marine business

Univar $2 billion acquisition of Nexeo

 

Client feedback: 30th edition (2019/2020)

Banking

“Innovative, enduring and absolutely ethical in a difficult environment.”

 

M&A

“Eversheds Sutherland has a highly impressive M&A team. They are always very responsive, thinking about the client's needs. Fast reactions, innovative ideas, working under tight deadlines with no compromise on the quality of documents are among their strengths. Not for the first time, the Eversheds Sutherland team recently helped us to successfully conduct delicate negotiations, overcome the target's resistance and ensured complete confidentiality. They make our in-house team's work much easier. Also, it is worth to mention that Eversheds Sutherland helps us with many other different projects. We can entrust them with our business, and we know that we are in good hands when working with Eversheds Sutherland.”

 

Restructuring and insolvency

“Lawyers from Eversheds Sutherland are able to identify important risks for clients and to propose practical working solutions, which is one of the main criteria for most clients. Through several years of cooperation, we have come to trust their experience and professionalism, and this is why we are confident that we can rely on their legal advice.”

FTL Advisers

Boutique law firm FTL Advisers has been active for over a decade and is located in Moscow. Key figures at the firm include partner Maria Kukla.

Focusses / specialisms

The firm is ranked for its banking, corporate and M&A and restructuring work and is active in sectors including real estate, agriculture, construction and manufacturing.

Key clients

Publishable clients include Interra Energy Services International and Prostore. 

Research period review: 30th edition (2019/2020)

The firm was notably active on the restructuring of local and foreign companies and joint ventures. The firm also took on buy-side roles on acquisitions. In an interesting mandate, the firm assisted a professional services company with its expansion.

Client feedback: 30th edition (2019/2020)

Banking

“The information is always provided on time - according to agreed time frames. Information is easy to understand even for non-professional, which is very helpful. It is always competent - had no troubles, acting based on their advice. The pricing is adequate.”

 

Investment funds

“Practical and speedy service, punctuality and readiness to flexibly adapt to changing workload and schedules.”

 

M&A

“FTL lawers are prompt and always in touch. They focus on the result that the client needs. The company organizes interesting events for lawyers and company executives for informing about the latest news in the field of taxation and corporate law.”

“Business-oriented mentality. Russia is a difficult place to do business. They know the law well - and they are able to find solutions. They have expanded recently.”

“Their main attributes are their professionalism, know-how and promptness. They always meet the deadlines and provide great service at a very competitive fee.”

 

Golden Rule

Golden Rule Law Services is active in restructuring and insolvency and is led by executive partner Arendarenko Inna Andreevna.

 

Focusses / specialisms

The firm has experience advising both in insolvency proceedings.

Key clients

Some of the firm’s key clients include Do-Rus, Svarog, Marka and StroyVenta.

Research period review: 30th edition (2019/2020)

The firm continued to take on work for both creditors and debtors; for example, it advised Do-rus and Poydenko on their bankruptcy proceedings.

Deal highlights: 30th edition (2019/2020)

Do-rus insolvency

Poydenko insolvency

Stroydeloinsolvency

 

GRATA International

GRATA International in Russia is the product of the 2019 integration betweenLegal Studio and GRATA International. The firm has a pan-Russia presence with offices inMoscow, St Petersburg, Rostov-on-Don, Samara and Kazan.

Focusses / specialisms

The firm is recognised for its restructuring and insolvency work.

Research period review: 30th edition (2019/2020)

The firm was recently active for creditors on matters involving debt recovery.

Client feedback: 30th edition (2019/2020)

Project development

“Time-tested reliability and excellent ability to dive into customer problems.”

“The lawyers of this company are our long-standing partners. And over the past time, they have shown themselves to be reliable experts in their field.”

“We have been working with GRATA International lawyers for a long time and know them as one of the strongest legal teams in St. Petersburg.”

 

Restructuring and insolvency

“We have been working together for almost six years. During this time, the guys have shown themselves to be reliable partners and good professionals in their field.  We successfully cooperate in matters of restructuring, bankruptcy and corporate support.“

“GRATA is distinguished by its productivity and high professionalism. Thanks to these qualities, we have been working together for several years.”

“The firm's lawyers always perform their work on time and reliably.”

“They are really professional in restructuring and insolvency. This is by far the best experience we had dealing with a law firm ever.”

Herbert Smith Freehills

International firm Herbert Smith Freehills fields a team of 50 lawyers in Russia, having set up in Moscow in 1999.

 

Focusses / specialisms

The firm boasts market-leading banking and finance, corporate and M&A and projects practices.

The firm’s banking team has strength across the board and advises on matters such as the provision of syndicated loans, leasing financings, project financings, and acquisition financings.

The M&A team acts for a mix of international and domestic clients on a range of matters including investments, joint ventures and privatisations.

The projects team regularly assists developers on the construction and financing of Russia’s most prominent energy, infrastructure and PPP developments.

In the restructuring and insolvency space, the firm's expertise covers advising a mix of creditors, distressed companies and shareholders on matters in sectors including energy, media, retail and real estate.

 

Key clients

Notable clients include Sberbank, Goldman Sachs, VTB Bank, Gazprom, Royal Bank of Scotland, ING Bank, Vnesheconombank, Bank of America Merrill Lynch, and Alfabank.

Research period review: 30th edition (2019/2020)

One standout banking deal saw the firm advise Gazprom Pererabotka Blagoveshchensk on the project financing for Amur Gas Processing plant, which is expected to become one of the largest gas processing facilities in the world.

The capital markets team regularly advised foreign clients on regulatory compliance mandates. An interesting engagement saw the firm assist a bank with the development of new template documentation.

The corporate team often took on high-value work such as advising Sberbank of Russia on the sale of a stake in Denizbank. Another eye-catching mandate saw the firm advise on a joint venture in the chemicals sector.

In restructuring the firm often took on roles for banks; a representative deal saw the firm advise a syndicate of banks on the bankruptcy proceedings of a company operating in the agriculture sector.

In the projects space, the firm notably advised Pertamina Rosneft Pengolahan dan Petrokimia on the development of the Tuban Grass Root Refinery and Petrochemical Complex, which is one of Indonesia's largest-ever downstream energy sector projects. Another newsworthy deal had the firm acting for the project company on the construction of Baltic LNG, the largest gas processing facility in Russia.

The firm’s corporate team bid farewell to of counsels Artjom Tamaev, who left for Morgan Lewis & Bockius, and Stanislav Grigoryev, who joined Fix Price. 

Deal highlights: 30th edition (2019/2020)

Amur Gas Processing plan

Baltic LNG

CNODC Dawn Light acquisition of a 10% stake in Arctic LNG 2

Nakhodka Fertilizer Plant

Sberbank of Russia $3.89 billion disposal of a 99.85% stake in Denizbank

Tuban Grass Root Refinery and Petrochemical Complex

 

Hogan Lovells

Managing partner Natalia Gulyaeva leads international law firm Hogan Lovells’ Moscow office.

 

Focusses / specialisms

The firm is best known for its banking and restructuring teams.

The firm has a strong aviation finance focus within the banking area, where it regularly advises lenders and aircraft companies on financings, leases and regulations. The firm also has expertise in trade and export finance and financial services regulatory.

Key clients

Notable client names include Alfa-Bank, VTB Bank, Morgan Stanley, Citibank, Vnesheconombank, UniCredit and JP Morgan.

Research period review: 30th edition (2019/2020)

The firm was often active for clients, including financial institutions and lessors on a mix of regulatory compliance work, debt restructuring, aircraft repossessions, and bond issues.

One high-value highlight saw the firm advise a confidential project company on obtaining financing for the construction of a plant.

Deal highlights: 30th edition (2019/2020)

NLMK Group €250 million debt restructuring

NLMK Group $365 million debt restructuring

Roust Corporation $25 million corporate financing

Client feedback: 30th edition (2019/2020)

Banking

“Flexibility, fast responses and pricing.”

“Highly responsive, well informed professional feedback and support.”

Inmarine

Founded in 2010, St Petersburg-headquartered firm Inmarine is led by managing partner Maslov Kirill.

Focusses / specialisms

The firm is known for its focus on asset finance work in the shipping sector.

Key clients

Recent clients include Argent Alyans, Institute of Problems of Business, Gazprombankleasing, Neptune Equipment, and Beluga Projects Logistic.

Research period review: 30th edition (2019/2020)

Recent highlights include advising on financing the acquisition of a vessel, and advising on the acquisition and leasing of maritime assets.

Deal highlights: 30th edition (2019/2020)

Argent Alyans asset financing

Client feedback: 30th edition (2019/2020)

Project development

“Strict adherence to deadlines, high competency, and a good level of communication.”

Integrites

International law firm Integrites’ Russian office was established in 2010. Key figures at the firm include corporate partner Ekaterina Rudova.

 

Focusses / specialisms

The firm is active in the corporate and M&A and restructuring and insolvency areas.

Sectors of focus include agriculture, food and beverage, pharmaceuticals, real estate, construction and finance.

Key clients

Clients include Adhesiv, Atlant Clinical, Elbrus Capital, UTC Corp, Svitzer, Ruric and AHI Carrier.

Research period review: 30th edition (2019/2020)

The corporate team recently advised on corporate restructurings, entity establishment, market-entry, and took on buy and sell-side roles on acquisitions.

The restructuring team was notably active on the bankruptcies of several high net worth individuals.

In other work, the firm acted for an international financial institution in extending a trade financing transaction.

Deal highlights: 30th edition (2019/2020)

INCO-FOOD market entry

MAI CEEcorporate restructuring

Svitzer corporate restructuring

 

Client feedback: 30th edition (2019/2020)

M&A

“Responsive, practical and easy to deal with.”

“Due to the company's efforts, all processes went well.”

             

Project development

“Good understanding of our commercial imperatives. Excellent communication skills and helpful reporting.”

 

Iusland Law Offices

St Petersburg-headquartered firm Iusland Law Offices was founded in 2009 and is led by managing partner Elena Legashova.

Focusses / specialisms

Iusland is active in restructuring and insolvency work and has experience advising both creditors and debtors.

Research period review: 30th edition (2019/2020)

During the research period, the firm strengthened its offering with the addition of Maria Fedosova as a partner.

Client feedback: 30th edition (2019/2020)

Restructuring and insolvency

“Iusland Law Offices is a firm that is stable and trustworthy. The experts who work there have really high standards for their work. They're thoughtful and have years of experience in different fields, which makes them professionals in the area of Law.”

“Iusland Law Offices has been successfully operating for about 10 years in the legal services market. During this time, Iusland Law Offices has passed a successful development from one-two practices to a Law office involving highly qualified lawyers in many areas of legal practice. Partners of the company have more than 15-20 years of practical experience. The firm has a responsible and high-quality approach to providing legal assistance. Partners of Iusland Law Offices combine practical work with the scientific activities as teachers from leading universities in Russia. They also are the experts of the office of the ombudsman. It is important to note that in addition to activities in the field of protecting the rights of entrepreneurs, Iusland successfully develops the practice of protecting the rights of citizens in the European Court of Human Rights and the Constitutional Court of the Russian Federation, medical law.”

Kachkin & Partners

Founded in 2001, Kachkin & Partners is headquartered in St Petersburg. Denis Kachkin serves as the managing partner of the firm and acts as the head of the firm’s PPP and infrastructure practice.

Focusses / specialisms

The firm is strongest in PPP work and is also active in M&A and restructuring and insolvency.

Sectors of activity include agriculture, healthcare, education, tourism and transport.  

Key clients

The firm has acted for clients such as Seven Suns Development, Baltic Commerce, BaltNedvizhService, Gelendzhik Seaport, Akvilon Invest and RosStrojInvest.

Research period review: 30th edition (2019/2020)

During the research period in M&A, the firm worked on the buy-side of acquisitions, including working with property developer and investor Seven Suns Development in several transactions.

Recent highlights from the projects space include advising on the development of a tram network in St Petersburg and assisting with the reconstruction and expansion of the Gelendzhik Seaport. The firm also advised a government body on making amendments to key regulatory documents of passenger traffic legislation and legislation on PPP and concession agreements. The firm also notably assisted with the development of one of the first regional rail transport projects.

Deal highlights: 30th edition (2019/2020)

Gelendzhik Seaport

Seven Suns Development R12 billion land acquisition

St Petersburg LRT

Uglich Bypass

 

Client feedback: 30th edition (2019/2020)

Banking

“Fast response, proactive ideas, and strong professionalism.”

 

M&A

“The team possess a constructive business approach; in addition, they have deep knowledge and expertise in the real estate and corporate/M&A field. Besides, the lawyers are responsive, business-oriented and possess a remarkably strategic approach.”

 

Project development

“The company has deep competence in the Russian Federation legislation in the field of interest. The team shows profound professional knowledge in both practical issues regarding the realization of this kind of projects and a deep understanding of specific legislation. The lawyers help us a lot in overcoming complex legislative collisions that have blocked our initiatives.”

 

Restructuring and insolvency

“The firm possesses notable expertise in handling insolvency cases. In its work, the team demonstrates thorough planning of strategy and tactics and always provides me with effective practical solutions.”

“The firm's expertise includes all necessary practice areas and the level of service is very high in each practice which is important to our company.  The team is client-oriented and very effective. They manage to provide us with positive results in unique situations of lack of sufficient clarifications by judicial and regulatory bodies and the absence of specific legislation.”

“The firm performs very well and has excellent knowledge of restructuring and insolvency. The lawyers are very diligent and hardworking. They are always helpful and find solutions to our problems and questions. In addition, they can be reached 24 hours a day, 7 days a week.”

“The firm shows profound expertise, in-depth knowledge, a friendly approach and flexibility. In addition, they demonstrate the ability to provide business-driven solutions, even for very complex and sensitive cases and always on time.”

“We work with the team on various complex insolvency, corporate, real estate and commercial issues for many years already. Their advice is always quick, professional, efficient and practical. The team is client-oriented and possesses a deep understanding of both the legal and business aspects of each case.”

“We appreciate their broad legal expertise and ability to understand all the details of complex cases, combined with the business-oriented approach of the team. They are strong professionals that we can fully rely on.”

Kazakov & Partners

Founded in 2003, Kazakov & Partners is a full service firm headquartered in Moscow. Key figures at the firm include managing partner Dmitry Kazakov.

 

Focusses / specialisms

The firm is recognised for its project development and restructuring and insolvency work.

Khrenov & Partners

Founded in 2003, Khrenov & Partners has offices in Moscow, St Petersburg and Ekaterinburg. The firm has the distinction of being the sole Russian member of The Interlex Group.

Focusses / specialisms

The firm is recognised for its restructuring and insolvency practice.

Research period review: 30th edition (2019/2020)

The firm was often active on the side of creditors in several insolvency proceedings.

Deal highlights: 30th edition (2019/2020)

Zerno Don insolvency

Client feedback: 30th edition (2019/2020)

Capital markets : Debt

“The firm duly performs the assignment and within the stipulated deadlines. The firm provides timely feedback.”

Restructuring and insolvency

“Excellent knowledge of both legislation norms and the case law, the company's lawyers are very qualified. Special care for details and specialities of a specific case. Always ready to interact.”

Kiap

Independent law firm Korelskiy Ischuk Astafiev and Partners is led by managing partner Andrey Korelskiy and maintains an office in Moscow.

 

Focusses / specialisms

The firm is best recognised for its M&A work.

Sectors of activity include logistics, transport, food and beverage, engineering, retail and technology.

Key clients

Recent clients include Car Market Expert, Codest Engineering, DSV Panalpina, Inforum, and Okha Construction Company.

Research period review: 30th edition (2019/2020)

In a recent corporate highlight, the firm advised a shareholder of Citymobil on matters related to the Mail.ru Group and Sberbank joint venture. Other interesting work includes advising on the merger between DSV and Panalpina and advising Inforum on an acquisition by Barry Callebaut Group.

In the restructuring space, the firm advised Codest Engineering in the bankruptcy of financial and industrial corporation, Satori.

In 2019, law firms KIAP, DS Law and Balashova Legal Consultants were consolidated under one brand, KIAP Digital & Smart.

Deal highlights: 30th edition (2019/2020)

Barry Callebaut Group acquisition of Inforum

DSV / Panalpina merger

Mail.ru Group / Sberbank joint venture

Client feedback: 30th edition (2019/2020)

Financial and corporate

“In my opinion, KIAP is the firm of many advantages for a businessman with a lack of time and with broad interests in different industries. Each specialist in Banking practice is proactive, reliable, proficient in law and tuned in business dynamics. I would point out the Head of practice, Roman Suslov, who is brilliant in brief, succinct, but sophisticated delivery of information on legal risks.”

 

M&A

“Constant and stable legal support in very uneasy and creative questions on the merger and integration.”

“KIAP team is responsive, available and provides great services. KIAP lawyers are excellent professionals and know their job. KIAP team is always ready to provide me with the most effective solution.”

King & Spalding

International law firm King & Spalding’s Russia office is located in Moscow and is managed by partner Sergey Komolov.

Focusses / specialisms

The firm is recognised for its M&A and project development expertise.

Sectors of focus include energy, natural resources, technology and media, real estate and banking and financial services.

Key clients

Notable clients include Rosneft, Otkritie Financial Corporation, Russian Direct Investment Fund, ALFA-BANK, IFC Bank, Gazprom Neft, Oil India and Total System Services.

Research period review: 30th edition (2019/2020)

The firm recently advised on several joint ventures; a representative deal saw the firm advise on a joint venture between Mubadala Petroleum, Gazprom Neft and Russian Direct Investment Fund. A high-value mandate saw the firm act for a confidential client in disposing of real estate assets.

The firm was hit by the departure of partner Jennifer Josefson to Morgan Lewis & Bockius.

Deal highlights: 30th edition (2019/2020)

Mubadala Petroleum / Gazprom Neft / Russian Direct Investment Fund joint venture

Kovalev Tugushi & Partners

Founded in 2004, Kovalev Tugushi & Partners is located in Moscow and is led by managing partner Sergey Kovalev.

Focusses / specialisms

The firm is active in the restructuring and insolvency space and has experience advising both debtors and creditors.

Key clients

Recent clients include Mechel, Ipsen Group, and PSN Property Management.

Research period review: 30th edition (2019/2020)

The firm was active for both debtors and creditors across several mandates and was notably active for high net worth individuals as debtors in their bankruptcy proceedings.

The firm added Ilya Kotlyarov as counsel from INFRALEX to its restructuring team.

Deal highlights: 30th edition (2019/2020)

PSN Property Management insolvency

Zlatoust Metallurgical Plant insolvency

Client feedback: 30th edition (2019/2020)

Restructuring and insolvency

“Kovalev, Tugushi & partners is truly one of the most powerful law firms in Russia in such areas of legal practice as Litigation and Restructuring and Insolvency. The firm operates in a high market segment and represents the interests of the most famous and high-powered businessmen included in the Forbes list. The firm represents the interests of medium and large businesses, it is currently engaged in the largest dispute in the banking sector in Russia.  The firm is highly efficient and its high winning percentage in large and complicated disputes puts it on the list of the top 5 in Russia.  The team is well-staffed and well-organized, its members are always in the public eye. They are marvellous not only in courts but also in public perception. This may be the most "speaking" law firm. You can see that for yourself if you look at the number and quality of their speeches in professional conferences. By the way, their managing partner, Sergey Kovalev, has recently won the lawyers' battle that took place during the legal week in our region. Sergey is one of the strongest and most recognized and distinguished lawyers dealing with litigation and bankruptcy in Russia.”

“Deep understanding of trade credit insurance market and company's specifics.”

Latham & Watkins

Global law firm Latham & Watkins’ Russia office is located in Moscow and serves as a hub for the firm’s practice in the region. Key figures include office managing partner Mikhail Turetsky.

 

Focusses / specialisms

The firm boasts a well-diversified practice across the financial and corporate space. 

In the banking space, the firm often represents large international and domestic investment banks on loans to borrowers from the agriculture, energy, minerals and metals sector.

The capital markets team is particularly strong on the debt side of things and represents issuers, managers, and underwriters on significant debt offerings.

The corporate team is experienced in advising acquirers and sellers on cross-border transactions in sectors including automotive, pharmaceutical, and telecommunications.

 

Key clients

Notable clients include Sovcombank, Credit Suisse, Alfa Bank, VEON Holdings, TCS Group Holding, Sistema, DXC Technology Company and Société Générale.

 

Research period review: 30th edition (2019/2020)

During the past year, the banking team was primarily active on the side of financial institutions across several financing transactions.

In capital markets, the firm was active on a host of high-value bond issues. On the equity side, the firm notably acted for the issuer in the first Russian IPO on a US exchange since 2013.

On the corporate front, the firm was active on several high-value mandates, including advising DXC Technology on its acquisition of Luxoft Holding.

In the restructuring and insolvency space, the firm advised a confidential client on a corporate restructuring.

The firm welcomed Denis Ivanov as counsel form an in-house position.

Deal highlights: 30th edition (2019/2020)

DXC Technology Company $2 billion acquisition of Luxoft Holding

HeadHunter Nasdaq IPO

NEQSOL Holding $734 million acquisition of Preludium

RusHydro R15 billion 6.8% bond issue

VEON $700 million 4% bond issue

 

Client feedback: 30th edition (2019/2020)

Banking

“The Latham team is commercial, pragmatic and effective. It is a class above.”

 

Capital markets : Debt

“The firm's positive attributes include the following:   - excellent expertise in the Eurobond market in Russia  - the team has full capacity to execute transactions from Moscow as they have US, UK and Russian partners permanently based in the Moscow office  - Russian lawyers are able to handle the disclosure, the due diligence and transaction documents which makes it easier to approve the prospectus and documentation with our internal departments - the team anticipates in advance and is able to deal with political or sensitive topics with our interests in mind and will fight to defend our position against other counterparties.”

“Creativity, speed, responsibility and high quality.”

 

Financial services regulatory

“Rapid and thorough responses, good availability, flexible approach, and helpful personnel.”

 

M&A

“Good knowledge of the law, attention to detail, and good negotiation skills.”

“They are accurate and try to advise on the best way to resolve the problem.”

Lecap

Founded in 2012, domestic law firm LECAP is led by managing partner Dmitry Krupyshev and has offices in Moscow, St. Petersburg and Vladivostok.

 

Focusses / specialisms

The firm is best known for its capital markets work and is also active in corporate and M&A, projects and restructuring and insolvency.

The capital markets team advises across the gamut of debt and equity offerings.

Key clients

Notable clients include Eurotorg, Sberbank CIB, Sibinveststroy, Ecotechnopark Vostochniy, Centrresurs Service, Supremum Capital and Russian Railways. 

Research period review: 30th edition (2019/2020)

In a notable debt capital markets highlight, the firm advised a Belarusian food retailer on the first placement of bonds issued by a private Belarusian company in the Russian market. The firm also advised on the issue of the first Russian structured bonds under the new legislation. Equity capital markets highlights include advising on IPOs, buybacks and advising on share placements.

The corporate team regularly took on buy-side roles and acquisitions and advised on joint ventures and general corporate matters.

In the projects space, the firm was primarily busy advising on PPP concession projects in waste management.

The firm bid farewell to corporate partner Elizaveta Turbina, who left for Yandex Taxi.

Deal highlights: 30th edition (2019/2020)

BCS R1 billion bond issue

Eurotorg R10 billion bond issue

Vladivostok waste processing PPP

Client feedback: 30th edition (2019/2020)

Capital markets : Equity

“Highly experienced professionals able to work well under time pressure and find optimal solutions.”

 

Project development

“Good knowledge of the regulatory framework of Russian legislation regarding concession legislation. Easy contact with customers.”

Legal Pro

Legal Pro is a boutique firm located in St Petersburg. Anastasia Fomicheva and Anna Chaykina are key partners at the firm. The firm is the sole Russian member for corporate law of the IR Global network.

 

Focusses / specialisms

The firm focuses on corporate and M&A and private equity work for clients in the technology, chemicals and machinery sectors.

Key clients

Publishable clients include Kronstadt Marine Plant.

Research period review: 30th edition (2019/2020)

Recent highlights include advising a private equity firm on acquiring a retailer and advising the sellers of a group of manufacturing companies.

Deal highlights: 30th edition (2019/2020)

PALFINGER acquisition of PM Group Lifting Machines

Lemchik Krupskiy and Partners

Founded in 2002, Lemchik Krupskiy and Partners is headquartered in Moscow and is led by managing partners Alexander Lemchik and Andrey Krupskiy.

Focusses / specialisms

The firm is recognised for its corporate and M&A practice and is experienced in advising both buyers and sellers.

Key clients

Recent clients include Green Point, Vera & Olymp, Impex, SB Development, and Neftegaskomplektmontaj.

Research period review: 30th edition (2019/2020)

During the research period, the corporate team was active on several corporate restructuring mandates and advised targets and acquirers.

The firm was also active in the restructuring space, taking on roles for creditors and debtors.

The firm welcomed senior lawyer Tatyana Murziyanova from MTS to its corporate team.

Deal highlights: 30th edition (2019/2020)

Green Point restructuring

PIK Energotrust restructuring

Vera & Olymp $69 million acquisition of a stake in Laysa Group

 

Lidings

Independent law firm Lidings was established in 2006 and is led by managing partner Andrey Zelenin. The firm maintains an office in Moscow.

Focusses / specialisms

The firm is active in banking and finance, corporate and M&A, and restructuring and insolvency.

Sectors of activity include aviation, banking and financial services, telecommunications, media, healthcare and manufacturing.

Key clients

The firm has acted for Park Huaming, Essilor, Glenmark, China Aircraft Leasing Group Holdings, and Aviation Services.

Research period review: 30th edition (2019/2020)

One recent banking highlight saw the firm advise a Chinese developer on obtaining financing for a real estate project. In other work, the firm advised a Chinese aircraft leasing company on an aircraft lease agreement.

In a standout corporate mandate, the firm advised the acquirer in a high-value acquisition in the optics market.

The restructuring team was notably active for a debtor in a cross-border bankruptcy mandate.

Deal highlights: 30th edition (2019/2020)

Essilor $1 billon acquisition of Grand Vision company

Park Huaming €65 million project financing

VIM Airlines insolvency

Linklaters

With an office in Moscow since 1992, magic circle firm Linklaters in Russia fields a team of 70 lawyers under the leadership of managing partner Denis Uvarov. 

Focusses / specialisms

Linklaters is among the best financial and corporate law firms in Russia and has strength in banking, debt capital markets, M&A, and restructuring and insolvency.

The firm’s banking team often acts for international and domestic lender banks on loans to Russian companies. On project finance matters the firm also acts for both sides.

In the capital markets space, the firm has strong expertise and experience representing underwriters on bond issuances.

The firm regularly takes on many of the market’s largest transactions in the M&A area. Working for both acquirers and sellers, the firm is consistently strong across a diverse range of sectors from financial institutions to healthcare and mining.

In projects, the firm has experience advising clients throughout the project life cycle.

Key clients

Noteworthy clients include Credit Suisse, Deutsche Bank, Gazprombank, JBIC, Sberbank, AXA, MTS, RDIF, Rosneft, Novatek and VEB.RF.

Research period review: 30th edition (2019/2020)

The banking team predominantly acted for financial institutions; a standout deal saw the firm act for the lender in the largest ever Russian law syndicated financing to date. The firm also advised on the financing of the Arctic 2 LNG project.

In capital markets, the firm took on roles for clients such as global coordinators, bookrunners, lead managers, and arrangers on matters such as secondary public offering and project bonds. The firm notably advised on the first green bond issue out of Russia and the CIS region and on the first-ever issuance of a Eurobond by an Uzbek company.

An eye-catching M&A deal saw the firm advise RDIF on the high profile formation of the AliExpress Russia joint venture. Another high-value mandate saw the firm advise LetterOne on a joint venture which led to the formation of the largest independent European oil and gas exploration and production company.

In the projects space, the firm advised on the construction and financing of the Serbian Gas Interconnector pipeline.

Deal highlights: 30th edition (2019/2020)

AliExpress Russia joint venture

Arctic 2 LNG

DEA Deutsche Erdoel / Wintershall joint venture

Serbian Gas Interconnector pipeline

Udokan Copper deposit

Yamal LNG

Client feedback: 30th edition (2019/2020)

Banking

“Attention to business needs of the clients, excellent professional legal skills, and quality of documents. It is much more than legal counsel - it is a good project manager.”

“High qualification of employees.”

“Proactive focusing on main risks and possible solutions.”

 

M&A

“Legal risks assessment and finding custom solutions.”

“The firm offers personalized service, 24/7 availability and high-quality technical and practical advice. Their lawyers have the talent to assist companies in all aspects of business and legal strategies and demonstrate excellent legal knowledge, business judgment and understanding of commercial issues.”

Lurye Chumakov & Partners

Formed in 2015, boutique law firm Lurye Chumakov & Partners was formed by the union of Norland Legal and NewLawyers. Vladislav Lurye and Andrei Chumakov lead the firm as co-managing partners.

Focusses / specialisms

The firm is active in the corporate and M&A space and often acts on mandates involving technology startups. The firm is also active in the investment funds space and notably acts on about 10% of all existing investment funds activity in Russia.

Key clients

The firm was recently active for clients including Russian Venture Company, VEB-Innovations, Da Vinci Capital, Far Eastern High Technology Fund, and InfraKAP.

Research period review: 30th edition (2019/2020)

Recent highlights include advising on fund formation, investment partnerships, cross border acquisitions, restructuring and joint ventures. One high-value mandate saw the firm advise on a cross border investment partnership agreement in the agriculture sector.

The firm expanded its bench with the addition of partner Denis Ryazanov and of counsel Sergei Lapin from Nadmitov Ivanov & Partners.

Deal highlights: 30th edition (2019/2020)

Far Eastern High Technology Fund $3 million investment in Cinemood

Mail.ru Group investment in Algorithmika

Softline acquisition of a 100% stake in High Technology Center

Client feedback: 30th edition (2019/2020)

Investment funds

“Knowing the details.”

 

M&A

“Quick, efficient, and business oriented.”

 

Maxima Legal

Maxima Legal was founded in 2001 and has offices in Moscow and St Petersburg. Key figures at the firm include Maxim Avrashkov.

Focusses / specialisms

The firm is active in M&A, project development and restructuring and insolvency.

Sectors of focus include real estate, construction, industrial, oil and gas, manufacturing, and technology.

Key clients

Recent clients include Ilim Group, Avestra Group, Stroyproekt Engineering Group, Meratech Rus Group, Fareva Group, Marine Geology Services, and Bank Trust.

Research period review: 30th edition (2019/2020)

In corporate and M&A, the firm advised a pulp production company on several acquisitions, advised on cross border restructurings and reorganisations, and aided the establishment of a joint venture.

The projects team was active on several PPP projects, including the construction of a toll road, which was the first large-scale PPP project in the Altai region.

The restructuring team was recently active for both debtors and creditors.

Deal highlights: 30th edition (2019/2020)

Barnaul bypass

Ilim Group acquisition of seven forest harvesting companies

Ilim Group acquisition of several assets

Client feedback: 30th edition (2019/2020)

M&A

“Maxima Legal justifies its reputation as a reliable legal adviser. I am pleased to recommend it for various corporate matters, as well as restructuring and bankruptcy. The company's lawyers have all the necessary knowledge, skills and experience to handle complex and large-scale projects in a short time and always open to communication. The work process is clear and transparent. The documents the lawyers prepare are always well structured and understandable. Working with Maxima Legal, I also value the prompt responses and the ability of its lawyers to see and manage risks, innovative thinking, attention to detail and their willingness to take responsibility for their work.”

“Maxima Legal is a team of experienced professionals having vast practice in different law branches, providing hi-end service for affordable prices.”

“The important and complex work that had to be done in a very short time can be safely entrusted to Maxima Legal. Lawyers feel very confident in M&A projects, they know very well the nuances and subtleties of Russian and foreign, especially English, legislation and have extensive years of experience in supporting international M&A projects. Maxima Legal`s team are also active and hard-working. In addition, the firm has a wide network of foreign legal and other partners from whom you can get a second opinion or advice on a narrow issue in the shortest possible time.”

“Maxima Legal has highly respected experience in providing legal services in the Russian market. We are always looking for opinions from our colleagues and business partners, so we asked for a recommended consultant. Maxima Legal's lawyers are skilled in analyzing innovations in legislation and updating all regulatory documents necessary for a company to build a quality business.”

“Headed by Natalia Diatlova team of corporate law practice has an excellent understanding of Russian and international commercial and corporate law as well as extensive experience in managing huge international business restructuring and M&A.”

“We spent a lot of time to look for a quality consultant who would satisfy us in terms of the price-quality ratios. Maxima Legal was a successful choice! The team is always on time to do the work, and lawyers are well oriented in the specifics of our industry, and we are also very satisfied with the cost of their services.”

“A competent, experienced, and active team, with wide foreign partnerships. Lawyers have an excellent understanding of corporate law secrecy, they prepare documents quickly and accurately, they can be relied upon in negotiations, offer innovative ideas and are not afraid to take responsibility.”

“Consulting on several different issues in parallel, excellent knowledge of the relevant legislation (including low-profile, narrow issues), high level of availability of specialists, and promptness.”

 

Project development

“I am pleased to recommend the firm to support PPP projects and other legal areas. We were a little worried before we started, as there are no such projects in Russia, moreover, the possibility of implementing IT projects under the PPP scheme has appeared not so long time ago, and no law firm has yet had any experience in this direction.  Maxima Legal's team has fully justified our trust and confirmed its reputation as attentive and responsible lawyers, who at the same time have a deep knowledge of PPP and IT issues.”

“Natalia Diatlova is a very well-known specialist in the PPP market and has fully justified her reputation. She has a very deep understanding of the nature of PPPs and business relations and has quickly and clearly managed to identify the risks of the scheme we used earlier and offer an alternative.”

“Maxima Legal provided full consultation in the framework of our request. Legislation of PPPs is quite complicated in Russia and requires competent interpretation by professionals. The team of lawyers appreciated all types of risks for us, prepared answers to all the questions within the specified time limits. We are fully satisfied with the result and are ready to work with this law firm in the future.”

“We are fully confident in the firm`s level of expertise in the field of PPP. Maxima Legal is fully competitive with international law firms also working in Russia in this market. At the same time, the cost of services is cheaper due to the absence of the need to simply overpay for a foreign brand.”

 

Restructuring and insolvency

“Maxima Legal has always been on the ears of my colleagues. The company has established itself as a reliable partner and a strong lawyer in legal cases.”

“I appreciate Maxima Legal`s support, high-quality advice and attention to detail.”

“Maxima Legal lawyers show themselves to be highly-qualified and responsible. The team has an excellent understanding of the theory and practice of bankruptcy regulation and is always well-prepared and convincing in court proceedings. Also, lawyers are persistent and are able to make do with a large amount of work at the same time, and more often than many lawyers of other law firms, achieve the desired result for their clients.”

“Maxima Legal's lawyers proved to be reliable and efficient. The team is distinguished by its excellent theoretical knowledge as well as extensive practical experience relevant to our objectives.”

Morgan Lewis & Bockius

Established in 2012, Morgan Lewis & Bockius’ Moscow office works closely with the firm’s offices in Almaty and Nur-Sultan. The Moscow team is led by managing partner Vasilisa Strizh.

Focusses / specialisms

Morgan Lewis & Bockius is best known in Russia for its strong banking, M&A and projects work.

In banking, the firm has a notably strong prepayment finance practice, where it regularly completes deals on commodities including oil, coal and gold.

The firm has strength across several sectors in the M&A space and works for clients on a mix of cross-border acquisitions, financial investments, joint ventures and mergers.

The firm’s projects team is best known for its transactional work within the mining, power and oil and gas sectors, where it often works with international clients.

Key clients

Noteworthy clients include Chevron, Gazprom Neft, Petronas, HSBC, Sberbank, Société Générale, China National Petroleum Company, and Enel.

Research period review: 30th edition (2019/2020)

The banking team was recently active for both lenders and borrowers. One highlight saw the firm advise an international borrower on a high-value prepayment financing transaction. The firm was also active on high-value project finance transactions in sectors including oil and gas.

In the corporate space, the firm was often active on acquisitions for buyers and advised on matters involving restructuring, joint ventures, and strategic partnerships. The firm notably advised repeat client Yandex on a novel restructuring and on an acquisition. A standout deal saw the firm advise a foreign client on a high-value acquisition in the oil and gas industry. 

In the projects space, the firm recently advised a developer on a production sharing agreement.

On the restructuring and insolvency front, the firm was predominantly active for creditors.

The firm added new partners Jennifer Josefson from Kings & Spalding and Artem Tamaev from Herbert Smith Freehills to its corporate team.

Deal highlights: 30th edition (2019/2020)

China National Gold $500 million acquisition of a 70% stake in Klyuchevskoye gold mine

Comtech Telecommunications Corp $40 million acquisition of UHP Networks

EVRAZ Nizhny Tagil Metallurgical Plant $750 million club facility

Karazhanbasmunai $150 millionpre-export finance facility

Russian Copper Company Group $250 million pre-export finance facility

Client feedback: 30th edition (2019/2020)

Banking

“Effectiveness (prompt responses and drafting) and the ability to find and keep a balance between the interests of parties.”

“Speed, quality, and high level of availability of lawyers.”

“The firm and its employees we work with have extensive experience in the field and a vast chain of experts all over the world to support them; they are hard-working, responsive and available 24/7.”

“The law firm is very helpful with structuring the deal and ensuring that the security package is properly documented.”

“High level of drafting and negotiation skills and availability 24/7.”

“The firm's lawyers are extremely attentive to the needs of the client, show an excellent level of expertise in the fields of banking and finance and M&A (both under English and Russian law) and are able to work out the compromise solutions in close-to-deadlock situations between the parties.”

“Morgan Lewis has one of the strongest finance practices in the Russian market. They are committed to their clients, fast and solution-oriented. The firm is the leader of the Russian prepayment finance market.”

 

Capital markets : Debt

“Speed and quality.”

 

Financial and corporate

“They helped us to conclude the contract in a field we never worked in before. It was a very good and positive experience during the work, and we never had any issues with our partner concerning this contract.”

 

M&A

“Good expertise and a pleasure to work with.”

“Competent and fast responding.”

 

Project development

“Intelligence, reliability of solutions, and customer focus.”

 

 

Restructuring and insolvency

“Strong team, immediate response, very good knowledge, skills and experience.”

“Morgan Lewis has outstanding expertise in cross-border restructuring and insolvency proceedings. The team knows the market very well and the quality of their work always exceeds our expectations and the expectation of our clients. Morgan Lewis is extremely helpful and solution-oriented.”

“In work for the project, we engaged Alexey Chertov from the Russian office. Alexey and the firm were successful at providing a clear vision of all elements necessary to achieve the required results in the given short amount of time. The consultation services were provided at a very high level. Always in time, with detailed and clear explanations. The firm (Alexey) was particularly successful at readiness to assist in every detail. Alexey was always available and in touch with our team outside normal working hours.”

“The team is extremely goal and performance-oriented. Morgan Lewis has a unique restructuring and insolvency team with excellent technical knowledge and such qualities as speed and flexibility.”

 

Nadmitov Ivanov & Partners

Moscow-headquartered law firm Nadmitov Ivanov & Partners was founded in 2008 and is led by managing partner Alexander Nadmitov.

Focusses / specialisms

The firm is recognised for its corporate and M&A and restructuring and insolvency work.

Sectors of focus include energy, fintech, technology and mining.

Key clients

The firm was recently active for clients including Rivulis Irrigation, MM Trust, Association of Leaseback Leasing, and State Farm Rodniki.

Research period review: 30th edition (2019/2020)

One standout corporate deal saw the firm advise on the formation of a joint venture in the transport sector. Another interesting mandate saw the firm represent the buyer in the acquisition of a majority stake in a company operating in the manufacturing space.

In restructuring and insolvency, the firm was active for clients such as creditors and bankruptcy managers.

Deal highlights: 30th edition (2019/2020)

Rivulis Irrigation / Polyplastic joint venture

MM Trust€3 million investment in Brand Quad

Client feedback: 30th edition (2019/2020)

M&A

“Very cooperative, good response time, understanding the problem, and its legal aspects.“

“Great firm, very responsive, reasonably priced, and super reliable.”

 

 

Nektorov Saveliev & Partners

Founded in 2006, Nektorov Saveliev & Partners (NSP) is headquartered in Moscow. Alexander Nektorov leads the firm as managing partner.

 

Focusses / specialisms

The firm has a diversified practice and is ranked for its banking and finance, capital markets, corporate and M&A and restructuring and insolvency work.

The firm has experience across a variety of sectors including banking and finance technology, mining, food and beverage, agriculture and transport.

Key clients

The firm has acted for Alibaba, KT&G, Zoomlion, AgroChina, Novaport, Swiss Global Financial Group, and Polyus. 

Research period review: 30th edition (2019/2020)

The corporate team recently advised on matters including acquisitions, joint ventures, and spin-offs. 

In capital markets, the firm advised on the first IPO of a Russian agricultural company on the SGX.

An interesting restructuring mandate saw the firm advise an international creditor on the bankruptcy proceedings of a Russian company.

A development saw the firm start a cooperation with Japanese law firm Uryu & Itoga. The firm further expanded its international footprint by joining GGI Geneva Group International.

Deal highlights: 30th edition (2019/2020)

DonAgro Group SGX IPO

IBS Expertiza acquisition of Aplana IT Innovation and Aplana

Polyus restructuring

Client feedback: 30th edition (2019/2020)

M&A

“Creative solutions to contracts and legal structuring.”

 

Restructuring and insolvency

“It is important for us not only to see the competent work process but also to reach the best result. For that reason, we have already been working with NSP for several years - we are confident in the result. They have a thoughtful and organized approach to work. They take every small step for a specific purpose. At the end of the project, we find ourselves in the best position that we have not always hoped for. And, of course, we appreciate the open communication they provide.”

“A smart team. They achieve excellent results. On-line 24/7, I turn to and quickly receive detailed advice or clear instructions. Also, they make adequate forecasts. From the very beginning, I understand the result I'm striving for and achieve it.”

Noerr

European law firm Noerr maintains an office in Moscow under the leadership of associated partner Stefan Wolfgang Weber.

Focusses / specialisms

The firm is strongest in corporate and M&A and is active in banking and restructuring.

The corporate team advises on both the sell and buy-side of acquisitions and advises on joint ventures and restructurings.

Key clients

Recent clients include VTB Bank.

Research period review: 30th edition (2019/2020)

The banking team was mainly busy advising lenders and counts VTB Bank as a repeat client.

The corporate team was notably active on a cross border restructuring for a confidential client.

Restructuring highlights include acting for creditors in insolvency proceedings.

The firm added Vyacheslav Yugai as an associated partner to its corporate team from Egorov Puginskiy and Partners.

Client feedback: 30th edition (2019/2020)

Banking

“Noerr team led by Vladislav Skvortsov proved to be very helpful, experienced and reliable. They also proposed excellent solutions on the complexly structured deal, helping to bring it to signing quickly.  They also drafted good transaction documents and responded to queries promptly.”

 

M&A

“Thorough, good contact with client and counterpart and availability.”

“Very reliable, working very quick, very competent, and high communicational skills.”

 

Project development

“Prompt and structured response and analytical preparation of the required topics.”

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm with more than 50 offices and over 3700 lawyers. The firm’s Moscow team is led by joint heads Anatoly Andriash and Valentina Gluhovskaya.

 

Focusses / specialisms

Norton Rose Fulbright in Russia is strongest in banking and projects work and has a well-established corporate practice.

The firm’s banking team is active for lenders and borrowers across matters ranging from syndicated lending to trade and commodity finance. The team is active across diverse sectors such as energy, transport and real estate.

In M&A the firm regularly completes transactions for domestic and international clients in sectors including mining, nuclear energy and oil and gas.

Key clients

The firm was recently active for Deutsche Bank, Commerzbank, Société Générale, VTB Capital, Shell, and Raiffeisen Bank International.

Research period review: 30th edition (2019/2020)

In recent times, the banking team was notably active on several high-value confidential mandates in the oil and gas sector. In another highlight, the firm advised a syndicate of lenders on extending a high-value pre-export finance facility.

The corporate team was busy advising on acquisitions, divestments and joint ventures. A standout deal saw the firm advise Shell on a joint venture with Gazprom Neft.

Deal highlights: 30th edition (2019/2020)

BlaBlaCar acquisition of Busfor

Shell / Gazprom Neft joint venture

SUEK $1.2 billion syndicated pre-export facility

Tatneft acquisition of Neste Corporation’s retail business

VTB Capital divestment of a stake in Russ Out of Home

 

Client feedback: 30th edition (2019/2020)

Banking

“Everything is positive.”

“Overall transaction support.”

 

M&A

“Overall, NRF has provided very good and diligent legal support for the project (Julian Triall was a lead partner from NRF side).“

“The Firm did a great job in managing an extremely complex deal process in time.”

“Very proactive, cost effective and real deal making approach.”

“Responsible and good delivery. Strong expertise in regulatory oil and gas, in addition to strong corporate M&A expertise.”

“Strictly sticks to deadlines, provides practical and business-oriented advice, is available 24/7 and is ready to take extra work arising in the way.”

“Professional and timely support.”

“Very good negotiations skills, good knowledge of the law, and business orientated.”

 

O2 Consulting

Boutique law firm O2 Consulting has been active since 2003 and is led by managing partner Olga Sorokina. The firm maintains an office in Moscow.

 

Focusses / specialisms

The firm is recognised for its corporate and M&A work. The firm’s experience covers joint ventures, buy and sell-side acquisitions, buy-outs, and fundraisings.

Key clients

The firm’s client list includes VTB Capital, Gazprom Neft, Cifra, ERA Capital, Humans Net Group of Companies, IBS Expertise, and Gagarin Capital Partners.

Research period review: 30th edition (2019/2020)

The firm was primarily busy advising both buyers and sellers on acquisitions, advising on the formation of joint ventures, and advising on fundraisings.

The firm recruited Karen Shakhnazarov as head of its M&A and cross border practice and Daria Nosova as head of its fintech practice.

Deal highlights: 30th edition (2019/2020)

Business Development acquisition of a stake in Techservice

Dufry acquisition of a 60% stake in Regstaer Vnukovo

Gagarin Capital Partners $5.7 million follow on investment in ID R&D

 

Client feedback: 30th edition (2019/2020)

Investment funds

“High level of competence, accuracy, deep involvement in the project, and flexibility.”

 

M&A

“Professional One-Stop-Shop law firm Wide thinking, deep local knowledge, international attitude and behaviors, fast-moving/adapting to evolving situations, high standing and widespread international connections.”

“The firm always provides feasible solutions, it can handle very complex transactions offering expertise in a full range of corporate matters in both retail and innovation industries.”

“The consultants of O2Consulting are a very competent and caring team. What is extremely important for me is their ability to do everything urgently.”

“Meeting commitments on time, positive attitude, and staying within the allocated budget.”

“O2 Consulting specialists are excellent negotiators, they have solid legal knowledge and a good understanding of our business and needs. We value them for being highly efficient and professional.”

“Strong expertise in M&A matters, powerful negotiators, a great understanding of the industry, reasonable fees, and a one-stop shop.”

“Deep in detail, communicative, fast, and able to jointly represent parties.“

“Team expertise (there was a senior team member with significant expertise in his area and other junior team members), client-oriented and meeting deadlines.”

 

Private equity

“Always online, positive attitude, attention to details, and adherence to deadlines.”

“Diligence, accuracy, competence, quick response, and friendliness.”

 

Project development

“O2 Consulting has a strong team and outstanding knowledge of domestic and cross-border M&A transactions. They have a solid understanding of the clients' needs and a practical and flexible client-focused approach. Olga Sorokina has great commercial awareness. She has a brilliant legal mind and understands the specifics of the business. Natalya Kuznetsova is extremely nice to cooperate with. She provides highly reliable strategic advice, which is up-to-date with all recent market trends. Associate Olga Nikolaeva is also recommended. She is professional and outstandingly motivated.”

“We have been fully satisfied with the service we got both in terms of quality and speed. Pricing is above average on the market but the service quality is worth it.”

Ost Legal

Boutique firm Ost Legal was founded in 2002 and is located in Moscow. Key figures at the firm include managing partner Vladimir Lipavsky and partner Ivan Suzdalev.

Focusses / specialisms

The firm is known for its focus on project development work in the energy and infrastructure sector. The firm advises on domestic and foreign projects and often acts for foreign clients.

Key clients

The firm recently advised OVL Videsh, RAOS Project Oy, Automated Systems, and Alternative Generating Company-1.

Research period review: 30th edition (2019/2020)

A standout deal saw the firm advise an oil and gas company on a joint venture for the development of oil deposits. Another interesting deal saw the firm advise on the construction of a first of its kind garbage combustion power plant in the Moscow region. The firm also acted for contractors on supply agreements for power plants.

Deal highlights: 30th edition (2019/2020)

Burckhardt Compression / NefteKhimRemStroy merger

Hanhikivi-1

PAKS II

 

Client feedback: 30th edition (2019/2020)

Project development

“The firm is good at energy and more broadly project development, they have good industry insights, Vladimir Lipavsky is extremely effective in negotiations.”

“The law firm provides holistic business-oriented advice. It proposes commercially reasonable and practical solutions while being driven by the protection of the client's interests in the first place. Delivers great value for reasonable money.”

“The firm provides legal advice on every stage of the construction project.”

 

P&P Unity

P&P Unity was founded in 2011 and is located in Moscow.

 

Focusses / specialisms

The firm has a focus on the projects space, particularly in the areas of project finance and PPP.

Sectors of focus include transport, infrastructure, social infrastructure, and real estate. 

Key clients

The firm was recently active for InfraKAP, Marsovo Pole, Svetoservice-Elektrostal, and Glk Manzherok.

Research period review: 30th edition (2019/2020)

During the review period, the firm primarily advised on concession agreements regarding street lighting, heat supply systems, toll roads and traffic violations detection systems.

Deal highlights: 30th edition (2019/2020)

Blagoveshchensk traffic violations detection system

Rostov municipality heat supply system

Togliatti Bypass

Client feedback: 30th edition (2019/2020)

Banking

“P&P Unity takes into account the specifics of the project and performs work on time.”

 

Financial services regulatory

“High legal competence and punctuality.”

 

Project development

“Good and integrated expertise in concession law, utility regulations, project finance (incl project bonds). Good quality and speed of work. A clear understanding of the infrastructure business.”

“Deep knowledge of the details of laws and precedents. Careful study of details in the contract.”

“Structures projects in the field of smart cities, taking into account the peculiarities of local legislation.”

“Always ready to help, communicate with all kinds of vis-a-vis, fast with results, and quick thinkers.”

“The firm's experts are motivated and exceptionally competent. They have a deep understanding of different elements of project development and project finance. Other positive attributes include their strong adherence to deadlines and the ability to promptly respond to the client's needs.”

“The firm's positive attributes are its high level of expertise and knowledge in the field of public-private partnership projects in Russia and strong adherence to deadlines. The experts pay close attention to the requests of the client and provide quality services throughout.”

“Purposefulness and focus on results.”

“High level of professionalism deep expertise in PPP regulation and peculiarities.”

“Positive attributes are clear communication, punctuality, previous project experience, and accountability. The firm does a great job of balancing several requests at once and reaching the intended results.”

“Professionalism, a deep understanding of the field and well-rounded background are the primary attributes. The experts of the firm are highly intelligent and very reliable. They do a good job of fully covering all aspects of the process.”

“Past experience, flexibility, knowledge of different laws, and full understanding of the legal system.”

Pepeliaev Group

Founded in 2002, Pepeliaev Group is a full-service Russian law firm with over 160 lawyers spread across Moscow, St Petersburg, Krasnoyarsk, Yuzhno-Sakhalinsk, Beijing and Shanghai.

 

Focusses / specialisms

The firm is active in banking and finance, M&A, restructuring and insolvency and projects work.  

The corporate team is experiencedadvising on joint ventures, acting for buyers on acquisitions and conducting due diligence of target companies.

In restructuring and insolvency work, the firm represents creditors, debtors, and guarantors in bankruptcy matters.

Key clients

Notable clients include LEGO Russia, Proxima Capital Group, Deutsche Bank, Credit Agricole, Hellenic Bank, Moscow Exchange MICEX-RTS, and Raiffeisenbank.

 

Research period review: 30th edition (2019/2020)

The banking team was recently active on several confidential mandates. In a notable mandate, the firm advised a multinational financial services company on financial services regulatory compliance matters.

Corporate highlights from the last year include advising on joint venture formation and termination, cooperation agreements, corporate restructuring, and acquisitions.

A recent restructuring and insolvency mandate saw the firm advise a foreign client on a confidential liquidation in the banking and financial services sector.

Client feedback: 30th edition (2019/2020)

Restructuring and insolvency

“Professionalism, precision, good focus, experience and efficiency. Very high standards of work.”

Peterka & Partners

Independent full-service law firmPeterka & Partners has been active since 2000 and is the only Central and Eastern Europe law firm with Czech roots active on the Russian market. The firm has offices in Russia, Czech Republic, Slovakia, Poland, Romania, Bulgaria, Belarus, Hungary and Ukraine.

 

Focusses / specialisms

The firm has been recognised by IFLR1000 for its M&A and banking and finance work.

The firm is experienced advising on establishing joint ventures and representing foreign clients as buyers and sellers on cross-border M&A transactions.

Key clients

Clients include JMP Flowers Ptaszek, Acer Sales International, Raiffeisenbank, Atlantic SFDT, Belisar, and Sabris Holding.

Research period review: 30th edition (2019/2020)

Banking highlights include taking on acquisition financing, debt restructuring, corporate financing, and financial services regulatory work.

The firm was notably active for a foreign client in the global acquisition of a Russian company. The firm also advised a confidential client on a potential exit from the Russian market.

Deal highlights: 30th edition (2019/2020)

JMP Flowers Ptaszek €11 million acquisition of real estate assets

Sabris Holding corporate restructuring

Santasalo Gears OY market entry

 

Prime Advice Consulting Group

Prime Advice Consulting Group has been active since 1996 and has offices in Moscow, St Petersburg and Singapore.

 

Focusses / specialisms

The firm is active in corporate and M&A and restructuring and insolvency.

The firm has experience advising a mix of creditors and debtors in bankruptcy proceedings across various industries.

Research period review: 30th edition (2019/2020)

The corporate team was busy with buy-side roles on acquisitions, market entry advice and entity establishment. An interesting deal saw the firm assist a foreign client with entering the Russian market to build a chemicals plant.

On the restructuring side, the firm was notably active on the bankruptcy proceedings of a real estate developer.

The firm was hit by the departure of managing partner Inna Vavilova, who left the legal business.

Deal highlights: 30th edition (2019/2020)

Agidel insolvency

Stroytransgaz insolvency

Vodokanalstroy insolvency

 

Client feedback: 30th edition (2019/2020)

M&A

“Quality of work, quick response to emerging needs and professional approach.”

 

Restructuring and insolvency

 

“Lawyers of Prime Advice approach their work with the utmost accuracy, high organization and readiness to respond quickly to customer requests.”

“Competent, hard-working, focused lawyers, proactive approach, client-oriented, and trust and transparency.”

“The company's specialists provide competent advice, they are well versed both in Russian and international legislation and promptly solve complex tasks. I liked the prompt and specific answers, in-depth knowledge and attention to detail under the thorough guidance of Ekaterina Mikhalskaya.”


“We value the professionalism of Prime Advice lawyers and their understanding of the industry specifics of the business. Lawyers quickly solve diverse tasks and flexibly approach non-standard situations that arise in the process.”


“We have been cooperating for several years, during which Prime Advice has repeatedly proved its professional competence. An amazing team of lawyers who offer flexible, practical, and rational recommendations.”

Rodin & Partners

Rodin & Partners is a local law firm headquartered in Moscow. Notable figures at the firm include managing partner Artem Rodin and senior partner Timur Djabbarov.

 

Focusses / specialisms

The firm is known for its public-private partnership and infrastructure projects work.

The firm advises foreign and domestic clients on PPP and infrastructure projects in Russia in sectors including transport, utilities, energy, and healthcare. 

Key clients

Key clients include Moroherz, Forms Technology, and Hitachi Zosen Inova.

Research period review: 30th edition (2019/2020)

In a newsworthy recent highlight, the firm advised the project sponsor in the largest ever project on financing, design, construction and operation of five waste to energy plants. Another high-value deal saw the firm advise a confidential client on establishing a waste management system.

In the past year, the firm also took on work in the restructuring and insolvency space, acting primarily for the creditors.

Deal highlights: 30th edition (2019/2020)

Hitachi Zosen Inova waste-to-energy plants

Isnext-Auto insolvency

Palladium insolvency

Client feedback: 30th edition (2019/2020)

Banking

“Rodin & Partners have deep expertise in project finance transactions and infrastructure investment and assist us with both legal aspects and strategic industry know-how in Russia and other countries.”

 

 

 

Project development

“Full scope covering of the project's open/weak points, securing efficient interaction with the state authorities, and a business view on the legal issues.”

“Rodin and Partners offers good quality for reasonable money.”

 

Restructuring and insolvency

“Rodin & Partners are reliable legal advisors and offer good value for money.”

“Prompt and to the point advice.”

S&K Vertical

Founded in 2002 by partners Konstantin Krutilnikov and Sergey Slagoda, S&K Vertical has offices in Moscow, St Petersburg and Beijing.

Focusses / specialisms

The firm is best recognised for its work in restructuring and insolvency and corporate and M&A.

Key clients

Clients include Rossiya Bank and KGallery. 

Research period review: 30th edition (2019/2020)

Recent highlights include providing legal support to several foundations, assisting an art gallery with acquisitions, and advising a confidential client in the disposal of several assets.

During the research period, the restructuring team worked mainly for the creditors in bankruptcy cases.

Deal highlights: 30th edition (2019/2020)

KGallery $110 million asset acquisition

Mostostroitelny Trest No 6 insolvency

 

Client feedback: 30th edition (2019/2020)

M&A

“S&K Vertical lawyers are high-level, business-oriented and efficient professionals.”

“High level of professionalism, analytical skills and attention to detail.”

“Client orientation, professionalism, and specialization.”

 

Salomons

Russian law firm Salomons was founded in 2006 and is located in Moscow.

 

Focusses / specialisms

The firm is active in M&A and is experienced in sectors including hospitality, manufacturing, technology and telecommunications, media, agriculture, and mining.

Key clients

The firm’s client list includes Azimut Hotels, Beta Pro, Commnet, SpetsDorProject, Livia Group, and ITG.

Research period review: 30th edition (2019/2020)

In the past year, the firm took on work for buyers, sellers and joint venture partners. Highlights include advising ITG on disposing of its data centres business and advising the sellers in a management buyout in the agriculture and fisheries industry.

Deal highlights: 30th edition (2019/2020)

ITG $350 million disposal of data centres business

Livia Group $42.5 million divestment of a 100% stake in Podolsk Refractories

ROK-1 management buyout

Client feedback: 30th edition (2019/2020)

Investment funds

“Good knowledge and expertise.”

 

M&A

“Senior team, strong drafting, well structured, and a thorough understanding of the commercial side of the transaction.”

 

Shapovalov Petrov

Set up in 2015, Shapovalov Petrov is a Russian firm with its headquarters in Moscow. Notable figures include partners Alexey Vakulenko and Sergey Shapovalov.

 

Focusses / specialisms

The firm is recognised by IFLR1000 for its work in project development, particularly within the mining sector. 

Key clients

The firm has acted for clients including Petropavlovsk, Tardan Gold, and Geoprominvest.

Research period review: 30th edition (2019/2020)

The firm was recently active for clients on matters such as obtaining licenses forexploration and production of minerals, equipment supply contracts, and drafting legislation. An interesting deal saw the firm advise a confidential client on merging two of its businesses.

Deal highlights: 30th edition (2019/2020)

Tardan Gold CIL plant

Client feedback: 30th edition (2019/2020)

Banking

“Professionalism, efficiency and responsibility.”

 

Project development

“This firm has a high qualification in mining industry.”

“We were very pleased with how well they know their work.”

“They have very affordable prices. Therefore, now that the crisis has begun and we are cutting costs, we will not refuse the services of Shapovalov Petrov.”

“The most powerful practice of Shapovalov Petrov is mining. If there are questions related to mining, then this is for them.”

“Any legal issues related to the extraction and sale of gold.”

“I have been working with them for a long time and have always appreciated them for the fact that they are well aware of the problems of the mining business.”

“I really like when Sergey Shapovalov and his lawyers explain to me in human languages what is written in the laws. Without them, I myself could not figure it out. Already tried!   “

“The law firm provided us with great legal support in the selection of potential investment projects. Based on the results of their work, we entered a major mining investment project and were able to avoid many legal risks in the process of implementing this project.”

“The team of this law firm is made up of professionals well versed in the mining sector.”

“The specifics of the mining industry are such that very few consultants really understand our issues.  I believe that Shapovalov Petrov is a top professional in the project investment consulting sector of the mining industry.  We have been working with Shapovalov Petrov for a long time. They have always shown us a high level of knowledge of the problems of the mining sector.”

“I do not know another law firm in Russia that would know at such a high level the specifics of gold mining, as well as the particularities of taxation and project financing of mining companies. This law firm professionally provided us with legal support in matters of interaction with supervisory authorities and public authorities. As a result of their work, we were able to save millions of rubles.”

“Shapovalov Petrov is one of the few law firms in the consulting industry that specializes in consulting in the mining sector. Especially for project financing. They work with leaders in the mining industry.  Positive recommendations, as well as participation in international ratings, contributed to the fact that we hired them to work on our projects.”

Skadden Arps Slate Meagher & Flom

New York-headquartered international firm Skadden Arps Slate Meagher & Flom’s Moscow office was established in 1992 and often works alongside its other European offices. 

Focusses / specialisms

The firm is best known for its strong offering in equity capital markets and M&A in the Russian market, featuring among the best firms in the jurisdiction across both categories.

The firm is a strong player in the capital markets space and has a focus on equity work. The firm has a track record of acting on landmark mandates such as the first listing of a Russian company on the NYSE and the first listing by a Russian company on the Singapore Stock Exchange.

The corporate team is experienced advising on matters including acquisitions and joint ventures in sectors including retail, technology and transport.

Key clients

The firm’s clients include Firlibia Holding, Abiglaze, Eurasia Drilling Company, Amalgam Rail Investments, Geopromining Investment, and Renault.

Research period review: 30th edition (2019/2020)

During the research period, the firm was particularly active in the capital markets sphere. The firm acted for clients including issuers and underwriters on matters such as cross border and domestic listings, block trades, and bonds issues. Interesting work saw the firm advise on the recapitalisation programme of Avtovaz, the largest Russian producer of consumer automobiles.

Deal highlights: 30th edition (2019/2020)

Avtovaz recapitalisation

Cherkizovo Group MOSE follow-on offering

EVRAZ LSE SPO

Firlibia Holding $75 millionsale of a stake in PIK Group

Karlou $300 million Eurobond issue

 

Client feedback: 30th edition (2019/2020)

M&A

“Top-quality advice and problem-solving, reactive, and collaborative.    Dmitri Kovalenko is one of the most impressive lawyers with whom I have worked.”

“Working with Skadden is having the best of two worlds, as the firm offers an impressive network of international resources combined with local expertise. Partners are highly experienced working on sophisticated corporate matters and are able to handle the most strategic domestic and cross-border transactions. It's reassuring to know that they have the technical capabilities and organisational structure to overcome any potential problems. They are very up to date regarding market trends and what is happening in different industries which is reflected in their advice: they proactively bring tailored suggestions to us. The fact that they anticipate the client's questions and are equipped with solutions for different scenarios smooths our decision process.”

 

Private equity

“The first aspect I must highlight is the firm's ability to render advice that is totally tailor-made to the client's business. I'm very entitled to affirm this, as my experience with Skadden follows my pathworking within different sectors, and I always felt they were experts in each one of them. Their advice is never generic; it's always pertinent and in line with the most recent developments of the sector. Globally, Skadden has a proven track record handling these "new economy" technology issues, and the Moscow team is no exception, their support has been great. Another thing I value in the team is their concern in building long-standing relationships with clients. Their understanding of the company but also of my personal preferences is excellent, they know what I expect from them and deliver in accordance. This reveals great flexibility and care. In addition, I've worked with the same team there for a number of years, and this continuity enables the close relationship described previously. They often proactively approach me with suggestions for relevant training or just simply forward me articles, decisions, general info that could be of my interest, and I don't think this would be possible If they didn't take the time to get to know me.   Finally, the team has a well-deserved reputation in the market for solving the most complex of problems. They know how to navigate the system to always deliver a solution, independently of how tricky the matter looks at first.”

Sotbi

Established in 2003,Sotbi is recognised for its restructuring and insolvency work. Key figures at the firm include partners Anton Krasnikov and Vladimir Zhuravchak.

Focusses / specialisms

The firm advises debtors and creditors in bankruptcy proceedings and has experience advising on matters such as external management, insolvency receivership procedures, collecting receivables and the sale of debtor’s assets.

 

Key clients

The firm has acted for the likes of UniCredit Bank and VTB Bank.

Research period review: 30th edition (2019/2020)

The firm was often active on the side of creditors in bankruptcy proceedings across a range of sectors including oil and gas, engineering, retail, manufacturing, healthcare, and automotive.

Client feedback: 30th edition (2019/2020)

Restructuring and insolvency

“Competent solution of tasks.”

“In choosing a company for cooperation for us the main was the responsible performance of agreements. The client's trust and the business reputation always come first when we speak about Sotbi. The company keeps business information strictly confidential and seek long-term cooperation and collaboration with clients.”

“Very professional and client-oriented approach.”

“Professionalism and high quality of legal opinions.”

“A strong team that performs the full range of services from court procedures to managing problem debtor in insolvency.”

“Choosing Sotbi, we received the highest quality services for complex support for a number of complicated projects for working with problem assets. A large team, strong partners, skilled analysts and economists, anti-crisis managers and accountants allow the company to provide a full range of services.  It is important to note that Sotbi are trusted by the largest banks in Russia, including foreign branches. Such a level of trust indicates high expertise and reliability of the company.”

Squire Patton Boggs

An international firm with offices in 20 countries, Squire Patton Boggs can trace back its involvement in the Russian market back to the late 1970s. The firm’s Russian office is located in Moscow where partner Alexander Dolgov serves as head of the Russia infrastructure and PPP practice.

 

Focusses / specialisms

The firm is best recognised for its project development work, particularly for domestic and foreign PPP work. The firm has historically acted on several noteworthy PPP mandates in sectors such as healthcare, transport, utilities, and technology. The firm is also experienced in advising EBRD in regards to legal and institutional reform of PPP policy. 

Key clients

Recent clients include Pizzarotti, Erspay Medical Company, Sberbank Leasing, Mostalyans, and EBRD.

Research period review: 30th edition (2019/2020)

During the research period, the firm advised on multiple concession and PPP projects, including the reconstruction and operation of Blagoveshchensk Airport, construction of toll bridges and roads, and the Proletarskoye electric engine house.

The firm also notably advised EBRD across several mandates, on PPP policy in regions, including Uzbekistan, Armenia and Kazakhstan.

Another highlight saw the firm advise a confidential client on the implementation of a high-value federal concession project.

Deal highlights: 30th edition (2019/2020)

Blagoveshchensk airport

Domodedovo and Pushkin overpass

Ozersk ice arena

Proletarskoye electric engine house

Ulyanovsk Tomotherapy Center

Client feedback: 30th edition (2019/2020)

Banking

“The team has a very profound knowledge of the industry, as well as an impeccable knowledge of the applicable legal framework and judicial practice. Thus, the advice we received has always been precise and answered our requirements for the project.”

 

Project development

“Understanding the specifics of the infrastructure projects market and the presence of a large contact network.”

 

Stream

Founded in 2017, STREAM is a domestic firm active in the financial and corporate space. Farid Babaev leads the firm as managing partner.

 

Focusses / specialisms

The firm is active in the financial and corporate space and has a particular focus on the oil and gas industry. The firm often advises clients such as international trade bodies, oil and gas producing companies, and Russian industrial enterprises on upstream and downstream projects.

Key clients

Recent clients include Antipinsky Oil Refinery, YAMATA, Pulytiinskoye, M-Petrol, SOCAR RUS, and SOCAR CONSTRACTION.

Research period review: 30th edition (2019/2020)

During the research period, the firm continued its focus on the oil and gas sector. A headline worthy deal saw the firm advise on the entry of a consortium of investors into the rehabilitation project of the largest independent oil refinery in Russia. Another newsworthy deal saw the firm advise an international construction company on the construction of Amur Gas Processing Plant – expected to become one of the largest gas processing facilities in the world.

Deal highlights: 30th edition (2019/2020)

Amur gas processing plant

Antipinsky oil refinery rehabilitation

Ust-Luga gas processing plant

 

TA Legal Consulting

TA Legal Consulting, formerly Tertychny Agabalyan, is headquartered in Moscow and was founded in 2014. Marat Agabalyan serves as managing partner of the firm.

 

Focusses / specialisms

The firm is ranked for its corporate and M&A work. Sectors of experience include fintech, aviation, pharmaceuticals and healthcare, manufacturing, real estate, and mining.

Key clients

Publishable clients include Dr Reddy’s Laboratories and UBT-Uralvagonzavod. 

Research period review: 30th edition (2019/2020)

The firm recently advised on matters including general corporate and regulatory work, acquisitions, joint ventures, reorganisations, and market entry.

The firm welcomed counsel Nina Belozertseva from Sanofi and Teva to its corporate team.

Client feedback: 30th edition (2019/2020)

Financial services regulatory

“The law firm and its members have a very deep and detailed approach.”

 

M&A

“I'm fully satisfied with their services. Especially pricing and timing and quick understanding of the client's needs.”

“The whole team perfectly coped with all issues, showing themselves at the highest level in their field. I was especially pleased to work with Managing Partner, Marat Agabalyan.”

Tomashevskaya & Partners

Domestic firm Tomashevskaya & Partners was founded in 2016 and is led by managing partner Zhanna Tomashevskaya. The firm maintains an office in Moscow.

 

Focusses / specialisms

The firm is best recognised for its work in the corporate and M&A sphere. The firm has a particular focus on the technology sector and has experience in a variety of sectors including infrastructure, retail, agriculture, and food and beverage.

 

Key clients

The firm’s key clients include MaximaTelecom, MVS Group, Rodina Group, Advance Capital and Forbes Russia.

Research period review: 30th edition (2019/2020)

The firm was mainly busy advising on joint ventures and taking on buy-side and sell-side roles on acquisitions.

The firm bolstered its offering with the addition of Victor Shmakov from Cleary Gottlieb Steen & Hamilton as the head of the corporate practice. On the other hand, counsel Dmitry Lafitskiy left the firm.

Deal highlights: 30th edition (2019/2020)

MaximaTelecom / Gazprom-Media joint venture

MVS Group debt restructuring

Rodina Group $53.7 million real estate project sale

 

Client feedback: 30th edition (2019/2020)

M&A

“Timely prepared and decent quality deal agreements.”

“T&P helped to structure the intended transaction taking into account the brink of the bankruptcy of the target company.”

“Professionalism. Deep knowledge of subject including specific issues in intellectual property matters. Active participation in deal flow. Timely preparation of deliverables.”

“They have the ability to think outside the box, they are ready to adjust to the client's timeframes and work tirelessly 24/7 until closing. Zhanna Tomashevskaya & Olga Khokhlova have shown an exceptional understanding of both the legal and regulatory framework for the purpose of preparing airtight tailored documents that exceeded our expectations.”

“Competence, open-minded team, and punctuality.”

Vegas Lex

Founded in 1995, VEGAS LEX boasts a team of more than 100 lawyers under the leadership of managing partner Alexander Sitnikov. The firm has offices in Moscow, Krasnodar and Volgograd.

 

Focusses / specialisms

The firm is active in banking and finance, corporate and M&A, project development, and restructuring and insolvency.

The banking team often advises on project finance work, particularly for PPP projects.

In M&A, the firm is experienced advising on the buy and sell-side of acquisitions, joint ventures, and fund formation.  

The projects team has experience advising on PPP projects in a variety of sectors including transport, energy, social infrastructure, and healthcare.

Key clients

Some of its key clients include Russian Railways RZD, High-Speed Rail Lines, Dorogi Rossii and Fortum.

Research period review: 30th edition (2019/2020)

The corporate team recently advised on corporate reorganisations, joint ventures, buyouts, and buy-side acquisitions.

The projects team was often active in the transport sector. Russian Railways is a key client of the firm, which it has advised it on multiple high-value mandates such as the construction of Severomuysky tunnel-2 and the development of a management model for a transcontinental project.

In restructuring and insolvency, the firm mainly represented creditors within bankruptcy proceedings.  

The firm expanded its international network by joining the International Bar Association in 2019.

Deal highlights: 30th edition (2019/2020)

Eurasia high-speed line

Moscow – Vladimir – Nizhny Novgorod line

Selikhin – Nysh line

Severomuysky tunnel-2

Taman dry-cargo district

Client feedback: 30th edition (2019/2020)

Banking

“24/7 availability of project team, flexible pricing, and creative approach.”

“They have a very experienced team. Our projects are unique, and most of them have complicated issues which the VEGAS LEX's team knows how to solve. That's why for us, they are among leaders or even the sole leader in the Russian PPP and project finance consulting market.”

 

Financial services regulatory

“Appropriate advice from the point of view of Russian law. Polite and sincere performance.”

 

M&A

“Excellent professionals. In project finance, they can be treated as a leading firm in Russia. Great Team with remarkable professionals. M&A Team is also very client-oriented and has extensive practical experience.”

 

Project development

“Their focus, attitude, and quality of work. Denis Shtirbu, head of PPP practice, has a very balanced team and they provide an excellent level of legal work. They have broad experience dealing with the largest PPP projects in Russia for many years so they can identify all the hidden risks and mitigate them at the structuring stage, which is highly valuable for us.”

 

Restructuring and insolvency

“Competence, speed, and thinking out of the box.”

“VEGAS LEX's team is a good negotiator and understand the ins-and-outs of the industry. It is comfortable to work with since they know how to develop a winning strategy and bring it to life it in the court. Their results command great respect. We have had a very positive experience working with them. Lawyers demonstrate a responsible and individual approach to the client and always care about  As a result of such enthusiasts and admirers of their profession VEGAS LEX has a trusted reputation as an experienced and highly competent legal firm the effectiveness of their work for the project.”

VLawyers

Founded in 2016,VLawyers is a Moscow headquartered boutique firm led by managing partner Natalia Dvenadtsatova.

 

Focusses / specialisms

VLawyers is active in restructuring and insolvency.

Key clients

Recent clients include Heurtey Petrochem Rus and Raiffeisenbank.

Research period review: 30th edition (2019/2020)

During the research period, the firm represented creditors and debtors in insolvency proceedings.

Deal highlights: 30th edition (2019/2020)

Diamant Groupinsolvency

Peresvet Group insolvency

Totaloil insolvency

 

Client feedback: 30th edition (2019/2020)

M&A

“Accurateness, great expertise, and proactive advice.”

“Proactive, positive and professional team of lawyers, ready to handle and to assist in very complex matters.”

 

Restructuring and insolvency

“VLawyers are one of the best legal services provider on the market, they are ready to provide solutions and not only raise issues. They are ready to provide innovative solutions and can provide information necessary for management level decision making without too much legalese.”

“Responsive, accurate, knowledgeable, helpful, and creative.”

“This team are extremely creative thinkers, and they are razor-focussed on the ultimate client objectives. Excellent advocacy skills of their leader, Feodor Vyacheslavov. This team also puts a significant emphasis on preparation.”

“Creative thinking, excellent performance, and top notch analysis.”

 

Westside Law Firm

Established in 1994, Westside Law Firm is located in Moscow and is led by managing partner Sergey Vodolagin.

 

Focusses / specialisms

The firm has a focus on corporate and M&A work, particularly on cross border and inbound work. Sectors of activity include automotive, oil and gas, construction, technology, and industrials and chemicals.

Key clients

Recent clients include Hilong Group of Companies, Comita Group of Companies, and Engineering Project Automation.

Research period review: 30th edition (2019/2020)

The firm recently took on roles for joint venture partners, sellers, and buyers. Highlights include advising a Chinese company on corporate restructuring work and setting up joint ventures in the oil and gas sector.

Deal highlights: 30th edition (2019/2020)

Comita Group restructuring

Hilong Group of Companies / TMK joint venture

Hilong Group of Companies restructuring

 

Client feedback: 30th edition (2019/2020)

M&A

“They respond swiftly, their advice is weighted and comprehensive, their team is versatile and they can do any kind of project.”

“It does quite a big volume of work within a short time. I also like in Westside that they do no go deep into unnecessary formalism and approach straight to the task.”

You & Partners

You & Partners is led by Eugenia Zusman and is active in the financial and corporate space. The firm is located in Moscow.

Focusses / specialisms

The firm has been recognised by IFLR1000 for its work in the projects space. The firm has experience in advising on concession agreements and providing consulting support for project structuring, risk matrices and financing.

Key clients

Recent clients include Fenix Development, L&T Investment, and SG Giperion.

Research period review: 30th edition (2019/2020)

Recent highlights include advising a government body on the concession agreements for the development of a confidential project in the food and beverage sector. Another interesting deal saw the firm assist an airport operator with the reconstruction of an airport.

The firm expanded its team with the addition of Alexey Tulikov from Association RAESKO as counsel.

Client feedback: 30th edition (2019/2020)

Banking

“The firm performs good legal work for state and private actors, provides services in the field of managing state assets and private investments in the state property. The lawyers of the company have a deep understanding of the field of investing in Russia, antitrust law, and the specifics of financing in state-owned facilities. The company also knows how to communicate effectively with government agencies.”

“The law firm is able to provide business-oriented solutions in the PPP area and also to participate in the elaboration of necessary amendments to PPP legislation.”

“The firm performs good legal work for government bodies and other public entities, provides services in the area of public asset management. The firm's lawyers have a deep understanding of the area of public finance, administrative legislation, concession agreements and other investment agreements. The firm also knows how to communicate in an effective way with the public bodies, how to find win-to-win solutions in a complex deal.”

“Highly-competent specialists, rapid responses, and client-oriented approach.”

“Rapid reaction towards the client's requests.”

“You & Partners prepared a risk matrix based on the text of the concession agreement and the general contract, revealed inconsistencies in the general contract. The work was done extremely quickly and at a high level. The lawyers have additionally explained all the details of the legislation in the field of PPP.”

“PPP projects structuring, IT projects in particular.”

“The law firm is capable of providing practical professional advice in short terms. When we need practical advice in the PPP area I always can address Evgenia and her team.”

 

Financial services regulatory

“Professionalism.”

 

Investment funds

“The firm can structure complex deals. They also work with foreign investors. One of their major projects is based in Kaluga region. The firm provides full legal support to an operator of a big logistic hub. This company also starts new projects with the help of You and Partners, also with state support and on a PPP basis.  The firm is familiar with all the particularities of the procedures related to seeking state support or launching investment projects together with the public side. They also propose the best solutions for both private and public parties.”

“Quick advice, quality opinions, and reasonable positions.”

 

Project development

“You & Partners has profound experience in the structuring of public-private partnerships and the deepest understanding of the specifics of the work with a public regulatory segment. They are extremely good at negotiations with public officials and project roadshows. They also have great mediator skills necessary for such types of projects, where different stakeholders are involved.”

“They are compact and very operative as well as have a deep understanding of various infrastructure, M&A and project finance issues.”

“The law firm is capable of providing practical professional advice very expediently. They are also known for good value for money.”

“The team is responsible, executive and competent professionals.”

“The experience of the associates of You & Partners ensures the high quality of the services provided. We also appreciate the lawyers of You & Partners for immersion in the tasks and solving them, taking into account our interests, the peculiarities of the company's business.”

“You & Partners' helped negotiate the terms of both projects' investment agreements. Their negotiating skills are superb. Both agreements were timely and to the complete satisfaction of all parties.”

“Clear work, on time, skillful organization of work of employees, and advanced presentation and public speaking skills.”

“The roadmap and other analytical materials prepared by You & Partners can be used when launching and supporting PPP projects in the IT field.”

“All work is carried out by qualified specialists with the necessary knowledge and experience in the relevant areas of law, the work done meets the requirements of completeness and objectivity necessary for conducting analytical studies, developing amendments to regulatory legal acts. This work contributes to the development of investment projects in the field of data management.”

“The specialists of You & Partners have shown their ability to approach the tasks with full responsibility, to perform work efficiently and on time when organizing an educational program for PPP specialists in the IT field. A distinctive feature of the company is the high professionalism and organization of company employees.”

Yust

Yust Law Firm was formed in 1992 and boasts a team of over 100 lawyers. The firm has offices in Moscow and St Petersburg.

Focusses / specialisms

The firm is active across the financial and corporate space, particularly in banking, M&A, project work and restructuring.  

Sectors of activity include food and beverage, agriculture, technology, pharmaceuticals, hospitality, and social infrastructure.

Key clients

The firm’s clients include Invasta Capital, TÜV Austria, MTS, PharmHub, OCSiAl, and Pushkin State Museum of Fine Arts.

Research period review: 30th edition (2019/2020)

The banking team was notably active on a confidential financial services regulatory matter in the fintech space.

The corporate team was recently busy with work including buy and sell-side roles on acquisitions, advising on investment partnership agreements, and assisting with a cross border joint venture.

The projects team acted on high-value confidential mandates. Examples include advising a state entity on the development of a project in the aerospace industry and assisting the subsidiary of a petrochemicals company with the development of a large-scale plant in the oil and gas sector.

An interesting restructuring mandate saw the firm advise a foreign bank on the bankruptcy procedure of LEX KO. The firm also advised Deposit Insurance Agency State Corporation on the bankruptcy proceedings of MILBANK.

Deal highlights: 30th edition (2019/2020)

LEX KO insolvency

MILBANK insolvency

TÜV Austria $7 million acquisition of SilaKalite group of companies’ assets

 

Client feedback: 30th edition (2019/2020)

Banking

“YUST Law Firm is one of the oldest law firms in Russia with a very strong partnership. I have been working with YUST for many years, and I want to note that the professionalism of the team and breadth of legal knowledge, deep practical experience of law enforcement is always stable at a very high level. They are ready to solve my clients' issues in any field of legal knowledge without the involvement of other consultants. My clients have no issues yet which were not solvable by YUST lawyers, so we constantly receive positive feedback about our "Russian practice" from our clients.”

 

M&A

“Excellent experience in all aspects.”

 

Project development

“They are very strong and friendly lawyers. They can fast work with very difficult issues. Their advice was very useful.”