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.
Our team experience includes advising:
Rosneft Oil Company in relation to:
the sale of a 49% stake in KrasGeoNats LLC to Equinor for US$550 million and related shareholder agreements;
the acquisition of a 49% stake in Essar Oil Limited (Essar Oil) from Essar Energy Holdings and its affiliates and the creation of a joint venture in respect of Essar Oil with a consortium of international investors, including United Capital Partners and Trafigura;
the establishment of a joint venture with KAR Group to enter into a concession agreement for an oil export pipeline in Iraqi Kurdistan, the only pipeline of its kind in the region;
the sale of 20% of shares in Verkhnechonskneftegaz JSC to Beijing Gas Group Co., Ltd for US$1,1 billion;
the sale of 23,9% of shares in Vankorneft JSC to such Indian investors as Oil India, Indian Oil Corporation and Bharat PetroResources;
the sale of a 20% stake in Taas-Yuryakh Neftegazodobycha LLC to BP in order to establish a joint venture;
the acquisition of the 100% stake in Trican Well Service; and
an exchange with NOVATEK of 40% ofshares in a Dutch joint venture for 51% of shares in Sibneftegaz;
BP in relation to:
the establishment of TNK-BP, as well as all issues arising in the context of a joint venture in Russia, including the revision of shareholder agreements; and
the sale of a 50% stake in TNK-BP to Oil Company Rosneft;
Total in relation to the acquisition of 20% of shares in Yamal LNG and the interactions between Yamal LNG shareholders;
the New Stream group in relation to the sale of 50% of shares in the holding companies of the New Stream group to ARETI Gasenergy and the establishment of a 50/50 joint venture;
KAZ Minerals in relation to the acquisition from a consortium of Russian investors of the Baimskoye copper and gold deposit (Chukotka), one of the world’s largest undeveloped copper deposits;
the SUAL group in relation to the merger of the SUAL group, RUSAL and Glencore’s aluminium and alumina assets to create UC RUSAL, the world’s largest aluminium producer;
RAO UES of Russia in relation to a large-scale reorganization;
J.P. Morgan in relation to Russian legislation and regulation in the power industry;
VTB Bank in relation to the acquisition of a stake in the project for the development of the platinum deposits of the Southern part of Norilsk-1 and Chernogorskoye from Russian Platinum;
Otkritie Financial Corporation in relation to its restructuring and investment in RusPetro plc, an independent Russian oil and gas company listed on the London Stock Exchange, in the amount of US$294.7 million, including a debt-for-equity swap and subscription for additional shares;
Bryankee Holdings Limited in relation to the sale of the 100% stake in Polosukhinskaya Mine to a private investor, including advice on pre-sale restructuring and post-completion joint venture agreements;
a private Russian petrochemical holding in relation to the acquisition of a petrochemical plant through tender procedures;
Gazprom within the framework of investment arbitration proceedings under UNCITRAL rules;
Gazprom in confidential arbitration in the amount of about EUR 6 billion;
ONEXIM Group (Mikhail Prokhorov’s holding company) as part of a substantial number of international proceedings related to the division of assets worth US$15 billion owned jointly by ONEXIM Group and the Interros group; and
Huadian, one of China’s largest state-owned energy, coal mining and grid construction corporations, in a series of litigations in Russia in a high-profile corporate dispute pertaining to damages.