Firm Profile > Latham & Watkins LLP > Moscow, Russia

Latham & Watkins LLP
UL GASHEKA 6, DUCAT III
OFFICE 510
125047 MOSCOW
Russia

Russia > Capital markets Tier 1

The emerging capital markets practice at Latham & Watkins LLP is at the forefront of debt capital offerings across the CIS; it assists both managers and issuers. David Stewart heads up the group, which regularly acts in conjunction with colleagues in the UK and the US. In 2020, the team bolstered its offering in both equity and debt transactions with the arrival of counsel Denis Ivanov, who formerly occupied an in-house position. Managing partner Mikhail Turetsky is also noted.

Practice head(s):

David Stewart

Other key lawyers:

Mikhail Turetsky; Edward Kempson; Vladimir Mikhailovsky; Denis Ivanov

Key clients

Alfa Bank

DTEK Renewables

Goldman Sachs

HeadHunter

JP Morgan

Morgan Stanley

RusHydro

Sistema JSFC

Sovcombank

Severstal

Russia > Banking and finance: Lender or arranger side Tier 2

Clients turn to Latham & Watkins LLP’s team for its ability to ‘bring to life the most daring non-standard solutions’ and its ‘exceptional English law depth’. The group maintains a strong position internationally, often taking the lead on a wide range of cross-border transactions, including structured and limited recourse finance, commodity finance and real estate finance. Its work gains additional credibility through the experience of UK-qualified practice head Ragnar Johannesen, a stalwart in the country’s transactional market, who also splits time between Moscow and London. Managing partner Mikhail Turetsky is a well-known capital markets specialist, but also has expertise in project finance and restructuring matters. Counsel Elizaveta Bacheyeva and associate Ksenia Koroleva are also recommended by clients.

Practice head(s):

Ragnar Johannesen

Other key lawyers:

Mikhail Turetsky; Elizaveta Bacheyeva; Ksenia Koroleva; Vladimir Mikhailovsky

Testimonials

‘A very creative and proactive team that always finds non-standard solutions in difficult situations. Our bank always seeks Latham & Watkins for the most complex and non-standard transactions. We normally turn to Mikhail Turetsky and Igor Sotnikov. They coordinate the work of the team on the most difficult deals.’

‘A leading international US firm with close understanding of Russian law. They are really hard workers with great soft skills.’

‘Ksenia Koroleva is a unique dynamic lawyer.

‘If you need tailor-made solutions, then this is LW. They do not just copy-paste the Loan Market Association’s documentation; instead, they bring to life the most daring non-standard solutions.’

‘We have been working with Elizaveta Bacheyeva for several years. Elizaveta is already a brand of non-standard solutions and their reflection in loan-security documentation. The most daring proposals of the bank found a response and were written in the documentation. I especially want to note the ability to reflect formulas. Working with other law firms, it is often necessary to write “digital” provisions of the documentation yourself. LW makes documentation “turnkey” – we only correct what has already been written.’

‘Exceptional English law depth amongst the team who deliver market leading performance.’

‘Ragnar Johannesen has a deep market knowledge and is a standout lawyer who thrives on complex situations. In our view, Ragnar is one of the most accomplished banking and finance lawyers in the region. Ragnar is commercial and knows how to get deals done in a pragmatic and fast-moving manner whilst safe guarding his client’s interests. Vladimir Mikhailovsky is a consummate practitioner who knows his stuff inside and out. Ksenia Koroleva is an up-and-coming star of the future and very likeable too; she has an extraordinary work and client service ethic.’

Key clients

Banca Intesa Sanpaolo

Bank of America

Gazprombank

HSBC

ING

Mizuho

Sberbank

Societe General

UniCredit

VTB

Russia > Commercial, corporate and M&a: Moscow Tier 3

The Moscow-based corporate group at Latham & Watkins LLP acts as a hub for the firm’s work across the CIS region. Its main streams of work encompass domestic and cross-border M&A transactions, joint ventures and disposals. For transactions involving distressed assets, the team leverages the strength of the finance group. Its recent work is particularly focused on the retail, pharmaceuticals, telecoms, oil and gas, and mining sectors. David Stewart sits at the helm of the practice and splits his time between Moscow and London. Alexander Gomonov and Olga Ponomarenko are also noted.

Practice head(s):

David Stewart

Other key lawyers:

Alexander Gomonov; Olga Ponomarenko; Timur Bayramov

Key clients

Sistema

Mobile TeleSystems

Gazprom Neft

Russia > Energy and natural resources Tier 5

At Latham & Watkins LLP, corporate specialist Alexander Gomonov advises domestic and international clients on a variety of complex cross-border acquisitions, disposals, and joint ventures, with a particular focus on the oil and gas and mining sectors. Gomonov also assists with regulatory, compliance and general commercial issues.

The firm: Latham & Watkins is a leading international law firm serving multinational companies, start-ups, investment banks, private equity funds, venture capital firms, sovereign wealth funds, governments and other organisations. The firm’s global platform spans Asia, Europe, the Middle East and the US, and consists of internationally recognised practices across a wide spectrum of transactional, litigation, corporate and regulatory areas. Latham’s lawyers offer unrivalled legal resources and strategic commercial thinking to provide clients with innovative solutions to complex business and legal matters.

Founded in 1992, Latham & Watkins’ Moscow office, with over 20 legal professionals qualified to practise US, English and Russian law, helps Russian companies access international capital markets around the world, and assists Russian corporate clients, as well as multinationals and other foreign investors, on all aspects of their business ventures in Russia. Latham’s Russian practice advises on a wide range of transactional matters, including capital markets, M&A and finance. It also provides ongoing advisory assistance on Russian regulatory matters.

The firm’s Moscow-based lawyers have industry-focused Russian law expertise in oil and gas, mining and metals, telecommunications, FMCG, pharmaceuticals, agriculture, utilities, manufacturing, transportation and infrastructure and real estate.

Areas of practice: The Moscow capital markets team has a strong track record of advising on initial public offerings (IPOs), Eurobonds and other securities offerings by Russian issuers on the markets in Russia, the UK, the US, Germany, Ireland, Luxembourg and other jurisdictions. Latham & Watkins is also among the first firms in the Moscow market advising on Hong Kong IPOs by Russian issuers.

The firm’s Moscow M&A practice advises multinationals, strategic and financial investors, as well as targets and selling shareholders, on their acquisitions and disposals in Russia/CIS, over a wide range of industries. Latham & Watkins has assisted corporate clients in some of the largest and most high-profile cross-border and domestic M&A transactions in Russia.

In addition, Latham’s Moscow-based lawyers have significant experience in assisting PE funds with the many challenges involved in structuring, documenting and closing complex portfolio investments and exits.

The Latham & Watkins finance team in Moscow is fully equipped to advise on all types of financing transactions, from a regular bilateral loan to complex syndicated financings with extensive security packages. Latham lawyers are equally comfortable acting on behalf of international and local lenders as well as for borrowers, ECAs or other coverage providers. In addition to new money deals, the team also has significant experience with financial restructuring transactions in Russia and the CIS.

The Moscow office works in close co-operation with Latham & Watkins’ lawyers from offices across the US, Europe, Asia and the Middle East to draw on the knowledge and experience of the firm’s global network.

Department Name Email Telephone
Capital markets
Mergers and acquisitions
Private equity
Restructuring
Finance
Advisory/regulatory
International dispute resolution
Economic sanctions
Number of lawyers : 2,600+
English
Russian
Contacts : Mikhail Turetsky (office managing partner)
Contacts : Christopher Allen (partner)
Contacts : David Stewart (partner)
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