The Legal 500


Legal market overview

The ongoing changes to the Russian civil code, aimed at promoting the use of Russian law as a basis for transactions, remain a hot topic in the market, with Russian law firms having worked together in an attempt to influence the outcome of the debate in the hope of boosting the attractiveness of Russian law to businesses. English law is currently widely used as it is viewed as a reliable basis for the enforcement of parties’ rights. The most prominent Russian firms have enhanced their English law expertise through associations with international law firms, and have also been able to recruit high-profile English-qualified practitioners.

The corporate and M&A market was dominated by a few headline-grabbing deals, including Russia’s largest-ever transaction as Rosneft acquired the stakes of BP and Alfa-Access-Renova in TNK-BP for a combined $56bn. The size and complexity of the deal as well as the number of parties involved kept a number of corporate practices busy in an otherwise quiet year for M&A generally; Cleary Gottlieb Steen & Hamilton LLP, Linklaters CIS, Akin Gump Strauss Hauer & Feld LLP, White & Case LLC and Skadden, Arps, Slate, Meagher & Flom LLP were all involved.

The capital markets were once again dominated by debt offerings, with only a few high-profile equity offerings made. The banking, energy and real estate sectors were the main drivers of business activity in the country, and state-owned oil giant Rosneft was particularly acquisitive as it consolidated its market position and expanded out of Russia. 2013 also saw the rise of the Russian banks as major players in the market, with Sberbank and VTB Bank particularly active, making competition between law firms for places on their legal panels all the more intense.

The dispute resolution arena, in which Russian law firms compete on an equal footing with much larger UK and US counterparts, saw a number of significant developments including the relocation to St Petersburg and subsequent merger of Russia’s Supreme Court and Supreme Commercial Court.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Russia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases in Russia

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Goltsblat BLP ranked among the best in financial and corporate law by IFLR1000 2015

    Goltsblat BLP , the Russian practice of leading international law firm Berwin Leighton Paisner (BLP), has been ranked among the best firms by IFLR1000 (International Finance Law Review) 2015 . Goltsblat BLP lawyers were rated in 5 practice areas: M&A, Banking, Project Finance, Restructuring and Insolvency, Debt Capital Markets . Goltsblat BLP was recognised in the category Capital Markets for the first time this year .
  • VEGAS LEX supports PharmaStrategies-2015 summit

    On October 2 and 3 Moscow will host one of this business season's major events, the PharmaStrategies-2015 summit on the key issues for drafting pharmaceutical companies' 2015 strategies. The VEGAS LEX law firm will be the event's partner for the fourth time this year.
  • Goltsblat BLP: AB Krasny Gold Fields has entered into a JV with GV Gold

    Corporate/M&A of Goltsblat BLP, the Russian practice of international law firm Berwin Leighton Paisner (BLP), have supported the deal whereby GBLP client - AB Krasny Gold Fields has entered into a joint venture to explore and exploit a gold hard rock deposit in Irkutsk Region (Kransy Project) with one of the key gold producers in Russia   Open Joint Stock Company "GV Gold" ("GV Gold"). Under the terms of the agreement, GV Gold may earn up to a 51% interest in the Krasny Project by financing an in‐fill exploration program. Signing of the agreement means that the parties have agreed to the final details of the deal structure and the exploration program. 

    On July 11, 2014, the VEGAS LEX law firm organized an exclusive workshop for the Mann, Ivanov and Ferber Publishers on the protection of intellectual property rights. 

    On July 11, 2014, the RBC business information agency hosted a conference, Moscow Transit Hubs Infrastructure: Development Potential , co-sponsored by the VEGAS LEX law firm.
  • Pepeliaev Group tops the Chambers Europe 2014 ratings

    Chambers Europe 2014 has once again ranked Pepeliaev Group's Tax Practice among the best on the Russian legal market (Band 1). According to market research, the firm is marked out by its experienced team which provides support in complex lawsuits and easily handles tax issues. Pepeliaev Group's experts have profound knowledge of the legal sector since they are actively involved in legislative drafting work.
  • Pepeliaev Group has been ranked among the most influential advisers in the M&A market

    Pepeliaev Group has been ranked among the most influential legal advisers for mergers and acquisitions in 2013. The ranking was compiled by Russian M&A-Agency, a group of experts and analysts.
  • Companies discuss onsite power generation, self-sufficiency in Krasnodar

    On July 1-2, the first exhibition and forum of the South of Russia took place in Krasnodar, entitled Onsite Power Generation for Enterprises: Energy Efficiency, Uninterrupted Supply, Lower Costs . Legal experts from the VEGAS LEX law firm participated in the event.
  • ITR European Tax Awards nominates Pepeliaev Group in several categories

    ITR European Tax Awards has included Pepeliaev Group in the nominations in four categories for the year 2014. Pepeliaev Group will contest the awards for best Russian tax firm and the best adviser in the field of transfer pricing. In addition, Pepeliaev Group, together with a number of other companies, features in the "Best European Indirect Tax Adviser" category. The production sharing agreement drafted by Pepeliaev Group for the Russian Ministry of Energy and setting a special tax regime for investors developing the Khvalynsk deposit, has been nominated in the category "European energy transaction of the year". Those compiling the ratings have taken into consideration several aspects: the number of the team members involved in working on the draft (the organisers point out that this is an important factor but not the decisive one), how innovative the project was (whether the team was able to suggest in its advice new solutions for typical problems), the complexity of the task and creativeness in handling it.
  • Pepeliaev Group advises UFG Asset Management on its purchase of Obolenskoye Pharmaceutics

    Pepeliaev Group advises United Financial Group Asset Management on its purchase of a majority interest in Obolenskoye Pharmaceutics The lawyers of Pepeliaev Group's corporate practice advised United Financial Group Asset Management on its purchase of a 80.55% majority interest in Obolenskoye Pharmaceutics CJSC, a leading Russian pharmaceuticals producer. This transaction resulted in the largest pharmaceuticals holding being established in Russia. The transaction to acquire the enterprise was closed at the end of September.