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Banks and financial institutions
Our team provides full legal support to leaders of the financial industry

Our Corporate practice works on M&A transactions, projects to enter new markets or suspend operations in certain jurisdictions, as well as corporate restructurings, regulatory matters and commercial contacts.

The firm's Financial practice specializes in supporting banking transactions, syndicated and pre-export financing, as well as debt restructuring.

Our Dispute Resolution practice represents the interests of leading Russian and international banks in matters related to cross-border litigation and arbitration in corporate and debt recovery disputes, bankruptcy proceedings, operations with distressed assets, as well as regulatory investigations.

Our client portfolio includes major Russian and international banks and financial institutions.

Work experience
OUR TEAM’S EXPERIENCE INCLUDES ADVISING:

EDB and VEB.RF (as lenders) in the framework of financing the construction of the third power unit of Ekibastuz GRES-2;

Sberbank and the EBRD as part of project financing for the construction of a PVC plant of RusVinyl (a JV between Sibur and Solvay) in the amount of EUR 750 million;

Sberbank in relation to the provision of a facility to Kronospan Kaluga LLC, member of the Kronospan Group (the world's largest producer of wood-based panels), to finance the construction of one of the largest MDF plants in Eastern Europe;

Gazprombank and Sberbank in relation to the provision of a syndicated loan under Russian law to ARKTICGAZ JSC, a joint venture between Gazprom Neft PJSC and NOVATEK PJSC;

Roseximbank and EXIAR in relation to a syndicated loan provided under Russian law in the equivalent of US$90 million to Belarusbank for the reconstruction of Minsk TPP-3;

Sberbank in relation to the non-recourse financing provided to a shareholder of MMC Norilsk Nickel PJSC as part of the construction of the Bystrinsky MPP for the production of copper concentrate in the total amount of US$800 million;

a large Russian bank in relation to the restructuring of the bank’s debts and credit assets in 2022;

Sberbank in relation to the restructuring of the bank’s credit and other assets in 2022;

creditors in relation to Renaissance Capital’s debt restructuring in 2022;

Sberbank in relation to a syndicated loan under Russian law provided to Uralchem in the amount of US$3,9 billion;

Gazprombank in relation to a syndicated loan under Russian law provided to Elgaugol;

Credit Bank of Moscow and lenders in relation to the syndicated financing arranged for a subsidiary of Trafigura, an international trading company, for the purpose of acquiring an interest in Vostok Oil, a flagship oil project in the Arctic, from Oil Company Rosneft;

ING Bank and Société Générale in relation to several pre-export syndicated loans provided to Metalloinvest group companies;

ING Bank and Deutsche Bank AG in relation to several pre-export syndicated loans provided to Evraz group companies;

Glencore in relation to the financing of the purchase of a 19,5% stake in Oil Company Rosneft for more than US$7 billion;

Glencore in relation to the advance pre-export financing of a Russian borrower in the amount exceeding US$10 billion;

VTB in relation to the advance pre-export financing of a Russian borrower in the amount exceeding US$2 billion;

Russian and international creditors in relation to the restructuring of debts of large Russian, Ukrainian and Kazakh companies (Mechel, DTEK, Svyaznoy, Eurasian Resources Group);

Sberbank in relation to the restructuring of debts of the Agrokor Group in the amount of EUR 6 billion;

Raiffeisen Bank in relation to the provision of a syndicated loan to a Russian borrower;

Sberbank in relation to the provision of a syndicated loan to VSK IJSC in the amount of US$132 million;

Alfa-Bank in relation to the provision of a syndicated loan to the Integra group in the amount of RUB 8,7 billion;

Sberbank in relation to the provision of a syndicated loan to the Renova group in the amount of CHF 2 billion;

Alfa-Bank in relation to a syndicated loan under Russian law provided to acquire a Russian company;

AK Bars Bank in relation to syndicated loans under English law;

Gazprombank in relation to a syndicated loan provided to the buyer for the acquisition of a stake in the port business;

Unicredit in relation to syndicated loans under Russian law provided to UTAIR;

Alfa-Bank in relation to drafting standard syndicated documentation under Russian law;

JP Morgan in relation to drafting standard loan documentation under Russian law;

Sberbank in relation to the sale of 99.85% of shares in Denizbank A.S. to Emirates NBD PJSC;

management of an international investment bank in relation to its withdrawal from the Russian market and the related restructuring of its assets in Russia and the CIS;

a large Russian bank as part of the recovery of non-contractual damages in the amount of approximately US$160 million from the ultimate beneficiary of one of the debtors as a result of misleading the bank about a number of material circumstances upon obtaining financing and the subsequent siphoning of the provided financing, including the freezing of assets of one of the companies in the British Virgin Islands, as well as the freezing of beneficiary’s assets in Cyprus;

a major Russian bank in a claim against a Polish company in an SCC dispute for more than US$100 million;

a subsidiary of a Russian financial institution in an HKIAC arbitration against a Chinese company;

a major foreign financial institution as a creditor in bankruptcy proceedings;

a major Russian bank in relation to recovering non-contractual damages in the amount of US$150 million from the ultimate beneficiary of one of the debtors as a result of misrepresenting its financial position upon receiving financing, including obtaining orders to disclose information about assets of the ultimate beneficiary, world freezing orders (WFOs), as well as orders for the appointment of an external administrator in relation to such assets in Cyprus, the British Virgin Islands and Singapore;

Sberbank Investments as a defendant in an ICC arbitration in London initiated by Dmitry Garkusha to settle losses resulting from a shareholder dispute between Dmitry Garkusha and Sberbank;

a major investment fund in respect of the debt recovery under a put option, including (a) obtaining a WFO for US$100 million in respect of ultimate beneficiary’s assets, and (b) initiating proceedings for the recovery of damages from the ultimate beneficiary and its affiliates as a result of their actions to reduce the value of debtor’s assets; and

a major Russian bank in relation to a fraud claim in the amount of about EUR 20 million. To date, the Cypriot court has dismissed two applications for interim measures filed by the plaintiff, and has ruled in favour of our client and other defendants.

team
key contacts
Evgeny Zelensky
Partner, Head of Private Equity and Capital Markets. Corporate
Maxim Kraynov
Counsel, Head of Project Finance. Finance
sectors
other sectors
IT and TMT
Our team advises investment funds and clients in the field of telecommunications technology, media business, IT and the digital economy on various corporate law and financing issues, and also assists in high-profile disputes in Russia and abroad.

Our experience includes advising on investment issues, restructuring of ownership of IP rights, and big data processing. Among our clients are leading telecommunications operators, online platforms, aggregators and high-tech companies developing their business in Russia and abroad.
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Industry and transport
For many years, our team has provided legal support for major projects and disputes, acting in the interests of leading manufacturing and transport companies.

We support corporate transactions and represent clients in complex disputes in Russian courts and international commercial arbitration. Some of the projects with our participation have significantly influenced the shaping of the Russian judicial practice.
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Energy and natural resources
Our team is widely known for its experience in the oil and gas sector and participation in the most significant projects of the Russian energy market.

We have provided support in unique transactions and complex cross-border disputes that became precedents and changed the legal landscape. Our clients include industry leaders, major oil and gas, mining and energy companies.
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