Firm Profile > Clifford Chance > Moscow, Russia

Clifford Chance
UL. GASHEKA 6
125047 MOSCOW
Russia

Banking and finance: Lender or arranger side Tier 1

Clifford Chance garners praise for its ‘brilliant teamwork and in-depth knowledge of international and local practices’. The team is equally well versed in acting for lenders and borrowers, with managing partner and practice head Victoria Bortkevicha ‘highly recommended for all types of finance work’. Clients draw particular attention to the firm’s expertise in syndicated lending; in this space, the team is also assisting VEB.RF with multiple projects involving the newly introduced Project Finance Factory mechanism. Real estate, acquisition, asset and commodity structured financing are also mainstays of the practice. The real estate sector in particular is an area of expertise for the 'highly dedicatedVladimir Barbolin; the team is also active in a variety of other sectors, including energy, metals and mining, transport and infrastructure. Counsel Igor Bichenkov is also noted.

Practice head(s):

Victoria Bortkevicha

Other key lawyers:

Vladimir Barbolin; Jan Galin; Igor Bichenkov

Testimonials

‘Victoria Bortkevicha is highly recommended for all types of finance work.’

‘Brilliant teamwork and in-depth knowledge of international and local practices, including Russian law standard documentation for syndicated loans.’

‘Vladimir Barbolin is a highly dedicated lawyer seeking balanced solutions and curious for challenges to master. ’

‘The team is well aware of the requirements of major banks for lending / refinancing projects in real estate and other areas. They communicate very quickly with representatives of credit institutions and organize the process of conducting the transaction.’

‘This team has an excellent cycle from the moment of the first meeting of the parties to the actual signing of the deal with notaries and lawyers in other jurisdictions, which makes working with these specialists very effective and pleasant.’

‘An excellent team focused on finding compromises between the parties, with an excellent prepared base of standard documentation prepared at a high professional level.’

‘Vladimir Barbolin stands out for his personal involvement and personal responsibility for the result. One of the reasons why we trust the team is the commitment from this team.’

‘Proactive approach, always solution-orientated, and aiming to achieve results that benefit all involved parties.’

‘Vladimir Barbolin is always client-orientated and aims at achieving a result benefiting all parties. He carefully considers all possible solutions to any problem.’

Key clients

Commerzbank

Deutsche Bank

ING Bank

Natixis

Raiffeisen

Sberbank

Societe Generale (Rosbank)

UniCredit

VTB

Transport Tier 1

The team at Clifford Chance is proficient at advising on all antitrust, banking, dispute resolution, tax, and regulatory matters in the transport sphere. Victoria Bortkevicha co-heads the asset finance group with senior associate Vadim Turtsev; the former is particularly noted for her expertise in the aviation sector, and is frequently instructed by both international and Russian lessors and financial institutions to assist with the most complex transactions. The firm has recently been involved in a number of aircraft repossession cases following the bankruptcies of major Russian airlines.

Practice head(s):

Victoria Bortkevicha; Vadim Turtsev

Key clients

CDB Aviation Lease Finance DAC

China Aircraft Leasing Group Holdings Limited (CALC)

GE Capital Aviation Services Limited (GECAS)

GTLK Europe DAC

DVB BANK SE

Goshawk Aviation Limited

SMBC Aviation Capital Limited

Standard Chartered Bank plc

JSC VTB Bank

ICBC International Leasing Company Ltd.

Wings Capital Partners LLC

GTLK Europe Limited

Avolon Aerospace Leasing Limited

BOC Aviation (Ireland) Limited

Dubai Aerospace Enterprise (DAE) Ltd.

Banking and finance: Borrower side Tier 2

Led by Victoria Bortkevicha, Clifford Chance is equally well versed in acting for both borrowers and lenders across a wide array of financing transactions. The team is especially active in project and real estate financing. It is also well-placed to advise clients on syndicated lending, including transactions governed by Russian law, executed in accordance with the country’s newly adopted legislation from 2018. It is also noted for its innovative work on green finance mandates. Vladimir Barbolin stands out for his work in the real estate finance space.

Practice head(s):

Victoria Bortkevicha

Other key lawyers:

Vladimir Barbolin; Jan Galin; Igor Bichenkov

Capital markets Tier 2

According to clients, Clifford Chance houses an equity capital markets group which provides ‘best-in-class service and considerable market experience’; the group also places emphasis on debt transactions. It is equally well-versed in assisting issuers and arrangers, often acting in conjunction with colleagues in London. The practice also has standout sovereign bond expertise, and was recently instructed by the Republic of Belarus on its issuance of Eurobonds. Practice head Arthur Iliev has a specialism in securitisation transactions.

Practice head(s):

Arthur Iliev

Testimonials

‘Clifford Chance offer a very experienced ECM team with best-in-class service and considerable market experience. What stands out in particular within Russia and wider emerging markets is that service levels are provided to a premium standard, which is a welcome differentiation from other competitors that service the emerging market space. The fact that English law advice is led out of London, with the associated benefits described above, makes them stand out, combined with very experienced Russian law specialists from their Moscow office.’

‘Standout partners include Arthur Iliev in Moscow.’

Key clients

The Ministry of Finance of the Russian Federation

PJSC Sibur Holding

PJSC PhosAgro

Competition Tier 2

A strong sector focus on healthcare, technology and industrial processes sets the team at Clifford Chance apart; the Moscow group assists clients with all types of antitrust matters, including restrictive agreements, regulatory clearances, public procurements, unfair competition issues, and natural monopolies. The practice comprises both EU and Russian competition lawyers, and is able to leverage this dual expertise when obtaining merger and foreign investment clearances for international corporations. Practice head Torsten Syrbe is supported by senior associate Olga Mizikova, who regularly advises on cartel and abuse of dominance investigations, and has significant experience of public procurement matters.

Practice head(s):

Torsten Syrbe

Other key lawyers:

Olga Mizikova

Testimonials

‘Very practical, understand the particulars of the client’s requirements.’

‘Torsten Syrbe leads a very good team that are very practical and understand what US based clients demand. Torsten himself is also very involved and always available to discuss a question or issue.’

‘Clifford Chance’s team is unique. Lawyers are available 24 hours a day, they understand all the technical details (this is very important for us). They have a 100% knowledge of the practice area.’

Key clients

Abbott

Advent

Bayer

Blackstone

Bridgepoint

CVC

DP World

General Electric

Henkel

Huawei

Intel

KKR

MasterCard

Mondelez

Mondi

NBCUniveral

Pfizer

Plastic Omnium

Professional Logistics Technologies

Stone Point Capital

Teva

UNIPRO

Real estate and construction Tier 2

Clifford Chance has a 'deep understanding of the market' and unsurpassed experience of handling high-value property acquisitions and disposals. Clients praise the team's inbound investment expertise; its recent property investment work stands out in the retail sector, where it assisted Morgan Stanley Real Estate Fund with the $400m sale of a 49% share in the largest retail centre in St. Petersburg, Galeria Shopping Centre. Counsel Ella Omelchenko leads the construction group and focuses on infrastructure projects and contracts in the energy, oil and gas, and mining sectors. In March 2021, a team led by former department head Marc Bartholomy departed to DLA Piper.

Practice head(s):

Ella Omelchenko

Testimonials

‘The best real estate and construction team in the market.’

‘Ella Omelchenko is a star – my first point of contact for the real estate and construction matters. Expert with a very commercial approach, very hardworking.’

‘Strong sector experience and deep understanding of the market, including in relation to inbound investment.’

Key clients

Malltech

Landesbank Baden-Württemberg

Metrika Investments

Baikal Mining Company

Arctic LNG 2

Yandex

Norilsk Nickel

IHI plc

VTBC-Ashmore Real Estate Partners

Mumtalakat

Engeocom

Morgan Stanley

Novatek

Commercial, corporate and M&a: Moscow Tier 3

Clifford Chance’s corporate team stands out for its English law expertise and its ability to act on both domestic and cross-border M&A and joint venture transactions; for multi-jurisdictional work, it draws on the firm’s global capabilities. Key sectors of focus include the real estate, private equity, healthcare, energy and financial services industries; Arthur Iliev is routinely instructed on energy sector transactions. The team also regularly acts in conjunction with the competition department; Torsten Syrbe is the key contact. The team lost Marc Bartholomy and Nick Diakoumis who left to join DLA Piper in March 2021.

Practice head(s):

Torsten Syrbe

Other key lawyers:

Arthur Iliev; Andrew Robinson

Key clients

ER-Telecom

Vi Holding

Far East Development Fund

VTB Capital

Energy and natural resources Tier 3

Domestic and international banks, financial institutions, investors and developers regularly turn to the team at Clifford Chance, which is noted for its transactional expertise. The key contacts are banking and finance specialist Victoria BortkevichaArthur Iliev, who also heads up the firm's equity capital markets group, and focuses on M&A work and public offerings of securities in the energy and natural resources sector; and dispute resolution expert Timur Aitkulov.

Practice head(s):

Victoria Bortkevicha; Arthur Iliev; Timur Aitkulov

Key clients

Novatek

Arctic LNG

VTB Bank

Russian Platinum

PPP and infrastructure projects Tier 3

The Moscow practice functions as part of the worldwide projects group at Clifford Chance, which comprises project specialists from a multitude of offices in a wide range of jurisdictions. This global network allows the team to advise international investors, developers, and financial institutions as lenders on large-scale regional and federal PPP projects. The group is headed up by managing partner Victoria  Bortkevicha, and also benefits from the expertise of corporate and real estate specialist Marc Bartholomy.

Practice head(s):

Victoria Bortkevicha; Marc Bartholomy

Testimonials

‘An exceptional business vision and approach to problem solving.’

‘Availability at any time of the day or night.’

Key clients

VTB Capital

Far East Development Fund

Sberbank

Restructuring and insolvency Tier 3

The recent work of Clifford Chance’s cross-practice group showcases its impressive ability to handle complex debt restructuring matters in the banking sector; managing partner Victoria Bortkevicha is a key contact in this space. Insolvency litigation is also an area of focus; dispute resolution practice head Timur Aitkulov is the prominent practitioner. In addition, the group’s work stands out in the area of restructuring transactions necessitated by merger control issues. Bortkevicha, Aitkulov and finance expert Vladimir Barbolin jointly lead the department.

Practice head(s):

Victoria Bortkevicha; Timur Aitkulov; Vladimir Barbolin

Key clients

Sberbank

Pfizer

Tax Tier 4

The ‘reliable, well connected and very responsive’ Moscow tax group at Clifford Chance is well equipped to handle tax issues relating to financial and M&A transactions. Notably, the team has extensive experience of advising on the tax aspects of capital markets transactions, an area in which it draws on the knowledge of the wider firm’s experts in this area. Alexander Anichkin sits at the helm of the department.

Practice head(s):

Alexander Anichkin

Other key lawyers:

Dmitrii Tolkachev

Testimonials

‘The team is small, but reliable, well connected and very responsive. We are relying on its advice for many years now o and have never been disappointed.’

‘We primarily work with Alexander Anichkin. Alexander and his team are among the few who can translate Russia’s tax complexities into practical advice. This is extremely valuable.’

Key clients

Baikal Mining Company

VTB

TMT Tier 4

The cross-departmental team at Clifford Chance comprises experienced practitioners from the corporate, tax, litigation, banking and competition practices. Compliance and investigatory matters are an area of particular strength for the group, which is under the leadership of antitrust specialist Torsten Syrbe, and also includes Alexander Anichkin. The firm co-operates particularly closely with its US, German and London offices, which is of particular benefit for its international mandates.

Practice head(s):

Torsten Syrbe

Other key lawyers:

Alexander Anichkin

Key clients

NBCUniversal

INTEL

VTB Capital

Mastercard

YY Inc.

Huawei

ER-Telecom

Software AG

Spotify

AMCNetworks

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices:Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh

Photo Name Position Profile
 Marc Bartholomy  photo Marc Bartholomy Marc Bartholomy is the Head of the Corporate and Real Estate practices…
 Victoria Bortkevicha  photo Victoria Bortkevicha Victoria Bortkevicha specialises in a variety of banking transactions related to financing…
Number of partners : 550
Number of other fee-earners : 3,300

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices