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Who Represents Who

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Allen & Overy Legal Services recently advised Gazprombank on a syndicated loan agreement with State Transport Leasing Company, a transaction secured by mortgages over a number of Sukhoi Superjet 100 aircraft. Ilya Dvorkin heads the team, which has notable aviation expertise.

Clifford Chance specialises in aircraft repossession matters and restructurings involving Russian airlines, and is currently advising VTB Bank on the refinancing of two Boeing 748 aircraft for Volga-Dnepr Group. Victoria Bortkevicha is the key practitioner.

FIRMS IN THE SPOTLIGHT

Jurinflot International Law Office

Jurinflot International law firm is one of the oldest existing law firms in Russia, with over 25 years of unique experience – from its inception, Jurinflot specialised in maritime and transport law. Prior to 1991, the firm functioned as an in-house law department of V/O ‘Sovfracht’ – a Soviet state ship-broking company which dealt with commercial transactions of the Soviet merchant marine worldwide.

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DLA Piper handles the finance and leasing of ships and aircraft, transport sector disputes and customs and regulatory issues. Anna Otkina heads the team, and recently acted for AviaAM Financial Leasing on the sale and leaseback of 16 aircraft to Aeroflot.

Vitaly Mozharowski heads the department at Bryan Cave Leighton Paisner (Russia) LLP, which advises on aircraft finance, international gas pipeline transportation, public transport and logistics matters. Sheremetyevo International Airport, Fasten and Gett are key clients.

Dentons provides ‘very quick response times and good flexibility’; its team ‘works with the utmost professionalism and attention to detail’. Andrei Strijak heads the practice, which recently advised a consortium of lenders on their acquisition of a 25% stake in Pulkovo Airport.

The ‘professional, client-oriented’ team at Freshfields Bruckhaus Deringer recently advised Changi Airports International on its acquisition of shares in Vladivostok International Airport, and is also assisting Sheremetyevo International Airport with its runway regeneration project. Innokenty Ivanov heads the practice.

Norton Rose Fulbright’s practice ‘makes each client feel as though it is the firm’s top priority’, and has notable expertise in aviation, transport infrastructure and shipping matters. Banking specialist Alexander Tsakoev heads the practice.

White & Case LLC has notable expertise in the transport sector, advising a mix of clients including Aeroflot, Natixis Transport Finance and NPO Saturn on financing, restructuring and transactional issues, along with leasing and repossession. Natalia Nikitina is the key figure.

Egorov Puginsky Afanasiev & Partners has ‘excellent knowledge of the local justice system while also being aware of the European and global context of each matter’. Alexey Karchiomov heads the team, which recently represented Mediterranean Shipping in a Federal Antimonopoly Service investigation into alleged anticompetitive practices.

Hogan Lovells (CIS) handles the full spectrum of aviation, railway and road-related matters, advising on construction and project financing. Alexander Dolgov is currently advising Transport of Moscow on its RUB500m restructuring, and is also acting for Russian Direct Investment Fund on the construction and financing of several toll railway overpasses.

Liniya Prava Law Firm recently advised AT Consulting on the implementation of its "Road Safety in Astrakhan" project, and also acted for UTair on the restructuring of RUB49bn-worth of debt. Managing partner Andrey Novakovskiy is the name to note.

At Sokolov, Maslov and Partners, highlights included advising Aviapartner on its ground handling and agency activities at various Moscow airports, and representing Farostransflot in a dispute with a shipping company regarding the arrest of a vessel. Sergey Seliverstov and Iftikhar Pirov are the key figures.

Law Firm "Stepanov and Aksuk" is noted for its expertise in maritime law, advising on contract-related issues, vessel registration and disputes involving crew members. Dispute resolution lawyer Inna Makarova heads the team.

Vegas Lex has ‘developed an outstanding approach to concession project structuring, which makes it possible to launch projects as soon as possible’. Denis Shtirbu advises on transport-related PPP projects.

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Legal Developments in Russia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The coming into force of the legislative package on the second stage of "Capital amnisty"

    On 19th February 2018, a legislative package on the extension of the tax capital amnesty and the tax-free liquidation of foreign companies came into force.
  • No More Linked In Russia?

    One of the biggest and most popular Internet companies, LinkedIn, has become the first target of the recent Russian data localization law. The legislation requires businesses operating online to keep Russian Internet users’ data on servers located within Russia. Read more...
  • New standards on the unjustified tax benefit included in the tax code

    The Federal Tax Service of Russia issued Letter â„– CA-4-7/ 6152 @ of 16.08.2017, in which it clarified to its subordinate tax authorities the application of new Art. 54.1 of the Tax Code of the Russian Federation "Limits on the Exercise of Rights in Calculating the Tax Base and (or) the Amount of Tax, Levy, Insurance Contributions", which was included in the Tax Code of the Russian Federation by Federal Law â„– 163-FZ of 18.07.2017.
  • Information law for company participants – the search for a balance of interests

    At the present time, in various legal relationships there exists the acute problem of observing a balance of interests concerning the parties involved in these legal relationships, their legal rights, and their mutual economic needs. Judicial practice, when considering disputes between these kinds of parties, takes into consideration not only the formal requirements of legislation, but also the real economic and legal goals and interests of the participants.
  • What businessmen should know about legislative changes with major and interested transactions?

    It is well known that before making significant managerial decisions, the general director must obtain approval from the shareholders or the board of directors. Apart from that, if a director is personally interested in entering into a transaction, approval is also required to proceed with the transaction. In the absence of such an approval, the transaction can be challenged and, in certain circumstances, invalidated. In order to minimize such risks and to eliminate legal uncertainty for the parties to the transaction, the rules governing major transactions and interested transactions must be sufficiently clear. Previously, however, the application of these rules was associated with a large number of controversial legal issues, which were finally solved as a result of the legislative amendments, which will enter into force on January 1, 2017. According to the new amendments, the distinction between major and non-major transactions has been delineated more clearly, parties have been allowed more flexibility in relation to approving transactions, the burdensome obligation to obtain prior approval of interested transactions has been abrogated, and finally the procedure for challenging transactions in question has been made much more complex. Overall, the changes should have a positive influence on business, as they contribute to the establishment of firm legal certainty in this area of the law. 
  • A Lessee’s Dream: the Drastic Devaluation of the Russian Currency Has Triggered New Discussions of

    The rent for leases, especially those in downtown Moscow and other large cities, is often based on the foreign currency exchange rate, which has recently increased almost threefold. Many businesses have been taken aback by this consequence of the economic crisis. Some of them have been put on verge of bankruptcy because of the increased rent and were forced to seek remedies in courts.
  • Amendments to Part IV of the Russian Civil Code in 2015

    Author: Valentina Orlova, Head of Intellectual Property and Trademarks Practice, Pepeliaev Group
  • Parallel Import of Medicines: High Time or the Wrong Time?

    Authors: Sergey Klimenko, Head of Life Sciences Group; Yuri Yahin, Head of IP Group, Pepeliaev Group
  • A Look at Russia's Antimonopoly Legislation

    Elena Sokolovskaya, Head of Antimonopoly Regulation Group, Pepeliaev Group The main areas covered by Russian antimonopoly legislation are prohibition of the abuse of a dominant position, regulation of prohibited agreements, antimonopoly requirements for bidding, merger control, and prohibition of unfair competition. In recent years more attention has been paid to the development of Russian antimonopoly legislation. For this purpose, the State Duma of the Russian Federation (the lower chamber of Russia's parliament) is considering draft measures billed as the 'Fourth Antimonopoly Package'. This comprises amendments to Law No. 135-FZ 'On Protecting Competition' (the "Law on Competition") as well as to the Russian Administrative Code. The measures have already been passed in the first reading and are expected to make it onto the statute book before the end of 2015.
  • A NEW DEVELOPMENT IN CRIMINAL LIABILITY FOR RESTRICTING COMPETITION

    Pepeliaev Group Advises of Amendments to Article 178 of the Russian Criminal Code to Decriminalise Certain Offences and Introduce a New Condition for being Released from Criminal Liability for Restricting Competition

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