Firm Profile > Monastyrsky, Zyuba, Stepanov & Partners > Moscow, Russia

Monastyrsky, Zyuba, Stepanov & Partners
121099 MOSCOW

Dispute resolution: Litigation Tier 1

The ‘outstanding, reliable and resourceful’ team at the dispute-focused Monastyrsky, Zyuba, Stepanov & Partners is best known for its ‘strong reputation’ and ‘extensive courtroom experience’ representing domestic and international companies across a broad range of industries in high-profile Russian and cross-border disputes. ‘Well-regarded litigatorDmitry Lovyrev represented AFK Sistema in several highly publicised commercial litigations against Rosneft, Bashneft and the Bashkortostan Ministry of Land and Property totalling approximately $10bn. Alexander Zyuba is acting for Transneft in a number of disputes, including defamation cases, contractual and competition disputes against the Federal Antimonopoly Service. In other word, Yuri Monastyrsky is defending shareholders of Probusinessbank against financial liability charges. Maxim Muzyka is active in challenges against the competition authorities.

Restructuring and insolvency Tier 1

Monastyrsky, Zyuba, Stepanov & Partners’ team of 'talented, client-oriented and responsible lawyers' has a strong track record in bankruptcy proceedings. In recent work, lead insolvency partner Anton Aleksandrov, who is lauded for 'his profound knowledge of Russian procedure and thoughtful legal tactics in the courtroom' is representing Prodimex, the largest Russian sugar producer, in insolvency proceedings of Ivolga-Center and Sakhar Zolotukhino. He is also acting for Yugra Bank in challenging banking license revocation orders by the Russian Central Bank and the public announcement of its bankruptcy. In other key matters, Kirill Udovichenko is defending the O1 Group in a claim filed by Bank Otkritie regarding invalidation of transactions valued at RUR35bn, as part of the bank’s insolvency and restructuring procedures.

White-collar crime Tier 2

Monastyrsky, Zyuba, Stepanov & Partners has an impressive track record in defending corporations and senior executives in proceedings concerning tax evasion, fraud and embezzlement among others. Litigation specialist Yuri Monastyrsky is currently defending clients against allegations of embezzlement. Dmitry Lovyrev acts for international corporations and private individuals in complex cross-border proceedings, as does Anton Aleksandrov.

Dispute resolution: arbitration and mediation Tier 3

Monastyrsky, Zyuba, Stepanov & Partners’ practice is composed of ‘reliable and resourceful experts who analyse each case in great depth with strong attention to detail and a high level of efficiency’. The practice is representing O1 Group in several LCIA arbitration proceedings brought by Bank Otkritie concerning the validity of a number of pledge termination agreements. Yuri Monastyrsky and Kirill Udovichenko are the main practitioners.

Private client Tier 3

Monastyrsky, Zyuba, Stepanov & Partners is well known for representing high-net-worth individuals in high-value court cases. On the non-contentious side, the firm advises on wealth planning, private taxation, purchase and sales of real estate and family law issues.

Commercial, corporate and M&a: Moscow Tier 4

Monastyrsky, Zyuba, Stepanov & Partners' corporate practice is headed by Mikhail Motrich, who has been notably active in joint ventures in the real estate, technology, mining and healthcare sectors. Recent highlights include advising Gerald Metals on a joint venture with a domestic mining company with the aim to develop Russia’s largest copper deposits, Mikheevskoye and Tominskoye, and assisting the owners of Forum Properties with a joint venture with 01 Properties. In outbound transactions, Motrich and Alena Shubina are assisting a domestic healthcare investor with establishing a joint venture with a healthcare provider in Spain and Latin America.



Founded in 1991 and based in Moscow, MZS has an almost unequalled track record and reputation across a diverse range of practice areas and industries – representing some of the world’s largest and best companies. MZS is best known on the market for dispute resolution practice. Yet the firm manages a broad spectrum of corporate and commercial work.


Dispute Resolution, Corporate/M&A, Private Equity, Banking & Finance, Capital Markets, Intellectual Property, Real Estate, Restructuring & Insolvency, Shipping, Employment, Energy & Natural Resources, TMT, Antitrust, Tax, White-Collar Crime

Dispute resolution:
■ Representing AFK Sistema in proceedings on repossession by the State of a majority stake in Bashneft and the resulting US$ multi-billion damages claimed from former owners of the stake
■ Received instructions from AFK Sistema in the USD 3 billion damages case brought by Bashneft and Rosneft
■ Counsel to Bashneft in a shareholder dispute on invalidation of the transfer of the Trebs-Titov oilfield license
■ Counsel to Yugra Bank in challenging banking license revocation orders by the Russian Central Bank
■ Representing IKEA in nearly all disputes for the past years, including one against local electricity suppliers group with over US$1 billion at stake
■ Instructed by Samsung in the US$ multi-million arbitration against Euroset, their major Russian distributor of mobile devices
■ Counsel to Halyk Bank (People’s Bank of Kazakhstan) in insolvency and recovery proceedings concerning its corporate debtors in Russia
■ Representing Prodimex, the largest Russian sugar producer, in insolvency proceedings of Ivolga-Center and Sakhar Zolotukhino
■ Representing UralVagonZavod, Russia’s largest producer of railway cars and armoured vehicles, against Rospatent regarding its decision to annul UVZ railway car patent
■ Assisting Aeroflot with its attempts to claim in the United Kingdom against the estate of late Russian tycoon, Boris Berezovsky
■ Instructed by A1 in a corporate conflict regarding Stroyfarfor, a major Russian ceramic tile producer
■ Counsel to Gazprom in a US$500 million dispute with Rosgazificatsia relating to allegedly wrongful debiting of Gazprom shares from a share registry account by the registrar
■ Counsel to Prosperity Capital in cases on recovery of damages from directors of GAZ, TGK-2 and other major Russian companies
■ Instructed by United Capital Group on proceedings in the LCIA and BVI courts regarding a conflict between shareholders of the Vkonakte social network
Contact: Yuri Monastyrsky, Alexander Zyuba, Dmitry Lovyrev, Dmitry Mukhomorov, Anton Aleksandrov.

Corporate/M&A/Private Equity:
■ Counsel to NefteTransService on their RUR 14 billion purchase of the oil rail transportation business from Oteko, making NTS the owner of the largest oil tank car fleet in Russia
■ Advising AFK Sistema on a joint venture with Rostec in the microelectronics sector, aiming to control and operate most of the Russian microelectronics production facilities
■ Advising the owners of Forum Properties on a particularly complex US$ 4 billion joint venture with one of the Russia’s largest owners of office premises
■ Advising Izurium Capital, a private equity fund, on a number of cross-border acquisitions, including the purchase of mining businesses in Russia, Congo, Brazil and the US, investment in, a US designer company, contemplated acquisition of Notemachines, a British ATM producer; and acquisition of a controlling stake in Dynacast International, a US precision-casting business
■ Instructed by UralVagonZavod, Russia’s largest producer of railway cars and armoured vehicles, on acquisition of several heavy industry businesses throughout Russia, including Chelyabinsk Tractor Factory – Uraltrack and on setting up a joint venture with PESA, a Polish tram producer, with respect to the production in Russia of PESA’s new tram model ordered by the City of Moscow
■ Instructed by the owners of OPUS on the sale of their business to Bealieu International Group, a major European floorings producer
Contact: Alexander Zyuba, Mikhail Motritch

Capital Markets / Banking & Finance:
■ Advising the National Stock Market Participants Association (NAUFOR), the Association of Russian Banks (ARB) and the National Foreign Exchange Association (NFEA) on the upgrade of the 2009 version of the standard OTC derivatives master agreement to the netting-eligible 2011 version approved by the Federal Financial Markets Service
■ Drafting the industry-standard documentation (definitions) for Russian domestic OTC commodity derivatives markets, upgrading the equity and fixed income derivatives annexes (definitions) to the Russian standard derivatives documentation to include foreign securities as eligible underlying assets and drafting a credit derivatives annex (definitions) to the Russian standard OTC derivatives market documentation
■ Advising the National Settlement Depository on setting up a trade data repository for OTC derivative transactions
■ Advising VTB on a number of new product development projects, including Russian law-governed hybrid fixed-income and credit derivatives products and collateralised jumbo swaps
■ Advising Sberbank on the development of a trade specific collateral arrangement for a swap transaction as well as on hybrid credit derivative structures
■ Advising some of the leading global financial institutions (Morgan Stanley, UBS, Nomura, Barclays Capital, Credit Suisse) on various aspects of OTC derivatives trading
Contact: Vladimir Khrenov

■ Counsel to Novorossiysk and Primorsk Commercial Sea Ports in disputes with Russian Federal Antimonopoly Service over allegedly monopolistic pricing for cargo handling services, where FAS unsuccessfully sought to impose exceptionally high turnover fines, totaling over RUB 9.7 billion. The cases were the first commercial disputes in two years reviewed by the Supreme Court Presidium
■ Counsel to Google in dispute with Yandex and the Russian Federal Antimonopoly Service
■ Representing Transneft on a number of disputes with the Russian Federal Antimonopoly Service regarding regulated procurement policies and contracts
■ Instructed by Rostelecom in a number of disputes with the Russian Federal Antimonopoly Service over alleged abuse of client’s dominant position
■ Internal compliance audits carried for a major European auto producer and a Kazakh mining and energy company
■ Assisting major clients, including EBRD, Gruma, Apax Partners, Bonnier, Prosperity Capital, with obtaining antitrust clearances as part of their M&A deals
Contact: Alexander Zyuba, Mikhail Motritch

■ Instructed by Rostelecom, Russia’s largest fixedline operator, on the acquisition of a number of regional telecoms throughout the country
■ Counsel to sellers on the contemplated sale of the largest mobile telecom operator in Tajikistan
■ Advising Nokia Siemens Solutions in respect of setting up an IT joint venture with Rusnano in Tomsk, Russia
■ Assisting a Rostec group company with setting up an IT joint venture in Russia with Alcatel-Lucent
■ Comprehensive due diligence of Russian telecoms for Tele2 as part of the strategic major of mobile businesses between Tele2 and Rostelecom
Contact: Alexander Zyuba

Intellectual Property:
■ Advising R-Pharm, Medbiopharm and other Russian pharmaceutical companies as regards the protection of their IP rights
■ Counsel to Perfetti van Melle, one of the world’s leaders in the confectionary industry, on a potential IP dispute
■ Counsel to Efes Pilsner in IP infringement litigation over the Zlatopramen beer brand
■ Instructed by Borjomi, a leading Georgian producer of mineral water, in their IP infringement action against Russian Borjom
Contact: Yuri Monastyrsky, Dmitry Lovyrev, Dmitry Mukhomorov, Anton Aleksandrov


Department Name Email Telephone
Dispute resolution
Mergers and acquisitions
Banking and finance
Capital markets
Intellectual property
Real estate
Energy and natural resources
White-collar crime
Photo Name Position Profile
Mr Anton Aleksandrov  photo Mr Anton Aleksandrov
Mr Dmitry Lovyrev  photo Mr Dmitry Lovyrev
Mr Yuri Monastyrsky  photo Mr Yuri Monastyrsky
Mr Mikhail Motrich  photo Mr Mikhail Motrich
Mr Dmitry Mukhomorov  photo Mr Dmitry Mukhomorov
Mr Kirill Udovichenko  photo Mr Kirill Udovichenko
Mr Alexander Zyuba  photo Mr Alexander Zyuba
Number of lawyers : 39