Firm Profile > Clifford Chance > Moscow , Russia

Clifford Chance
125047 MOSCOW

Banking and finance: Borrower side Tier 1

Clifford Chance's team stands out for its ‘unique combination of professional and talented lawyers with strong expertise in English and Russian law aspects’ and is ‘a safe pair of hands’ for syndicated lending, structured financings, project financing matters and debt restructuring. Russia practice head Victoria Bortkevicha specialises in transactions with a nexus to the energy and infrastructure sectors. A notable highlight saw Bortkevicha and other members of a cross-office team act for Yamal LNG (a joint-venture between Novatek, Total, CNPC and Silk Road Fund) on the $19bn project financing associated with the development of a major new LNG liquefaction plant and related facilities on the Yamal Peninsula, Russia. Vladimir Barbolin, who heads up the real estate finance practice, made partner in June 2018.

Leading individuals

Next Generation Partners

Competition Tier 1

Headed by the ‘very experiencedTorsten Syrbe, the competition department at Clifford Chance advises on significant antitrust, merger control and regulatory matters. The team is advising MediaMarktSaturn on the antitrust aspects, including regulatory clearance, of its €258m acquisition of a 15% stake in Russia's leading consumer electronics retailer, sold by the majority shareholder Safmar Group. Other clients include Teva Pharmaceutical Industries and Pfizer. Senior associate Sardaana Nogovitsyna specialises in all aspects of Russian antitrust and strategic investments regulation.

Leading individuals

Next Generation Partners

Dispute resolution: arbitration and mediation Tier 1

Clifford Chance has been significantly active in energy-related disputes, particularly in London Court of International Arbitration (LCIA) proceedings. Timur Aitkulov, an experienced arbitrator and a member of the ICC Court, is involved in high-value international arbitrations in the chemical, retail and transportation space. Olga Semushina and Dmitry Malukevich are names to note.

Real estate and construction Tier 1

Headed by the ‘extremely experiencedMarc Bartholomy, Clifford Chance’s ‘impressive’ real estate and construction practice focuses on property-related transactions. The team assists Vi Holding with a $1.5bn development project involving the construction of office spaces, residential buildings and social infrastructure. Other clients include Norilsk Nickel and the Far East Development Fund. Nick Diakoumis, who is ‘a pleasure to work with’, and senior associate Anna Krutik are also highly regarded.

Leading individuals

Transport Tier 1

Headed by Victoria Bortkevicha, the team at Clifford Chance is praised for its ‘ratio of quality to costs’. The team advised SMBC Aviation Capital on leasing eight A320neo aircraft to Siberia Airlines, as well as on the sale of 20 aircraft to Aircastle. Senior associate Anna Nikulina relocated to London. Senior associate Vadim Turtsev joined from Allen & Overy Legal Services; he is a specialist in aircraft finance transactions and is recommended for his ‘deep knowledge and great project management skills’.

Leading individuals

Banking and finance: Lender or arranger side Tier 2

At Clifford Chance, Victoria Bortkevicha has a strong track record in secured and unsecured financing, project financing transactions and real estate financing. Vladimir Barbolin is a key name for cross-border financing. The practice advised several Russian and international banks, including Société Générale (with Rosbank) and Crédit Agricole Corporate & Investment Bank on an $825m facility for Uralkali. Adam Fadian departed for Allen & Overy LLP.

Leading individuals

Next Generation Partners

Capital markets Tier 2

At Clifford Chance, practice head Arthur Iliev and counsel Evgeny Soloviev have notable experience handling debt and equity offerings, eurobond issues and EMTN programmes, acting on behalf of arrangers, as well as issuers in the mining, aviation and finance sectors. Along with colleagues based in the London office, the pair advised the underwriters on the $800m secondary public offering by Polyus, and PhosAgro on two eurobond issuances totalling $1bn. Tamer Amara is now at Dentons.

Commercial, corporate and M&a: Moscow Tier 2

Clifford Chance s’ ‘unique understanding of the clients’ needs and goals’ results ‘in perfect drafting and communication’. The firm’s corporate expertise in cross-border transactions is highly sought after by major private equity and sovereign funds including China Investment Corporation and Morgan Stanley. Recent prominent mandates saw practice head Marc Bartholomy  acting as counsel for the Russian transactions arm of China Investment Corporation $14bn multijurisdictional acquisition of Logicor, the largest private equity real estate deal in Europe to date. In other highlights, Arthur Iliev is working alongside Tokyo-based Yusuke Abe in advising the Far East and Baikal Region Development Fund on the joint venture with the Japan Bank for International Cooperation and other agencies on a platform to support Japanese investments in the Russian Far East.  Life sciences specialist Torsten Syrbe  advised Pfizer on its $200m investment and collaboration NovaMedica.

Leading individuals

Dispute resolution: Litigation Tier 3

Clifford Chance is best known for its involvement in precedent-setting cases; in one key example, practice head Timur Aitkulov, Alexander Anichkin and Dmitry Malukevich successfully represented Sberbank in an appeal against Transneft in a landmark derivatives case. The practice is also regularly instructed by major international clients to act on commercial, IP, white-collar crime and bankruptcy-related contentious matters. Julia Popelysheva departed for an in-house position at Yandex.

Leading individuals

Energy and natural resources Tier 3

Clifford Chance’s expertise in large-scale financing continues to attract international lenders which regularly instruct the practice on corporate transactions, capital markets deals and financing mandates concerning high-value LNG projects. Banking and finance partners Victoria Bortkevicha and Vladimir Barbolin advised 18 international banks on the $2.5bn financing for a mining company.

PPP and infrastructure projects Tier 3

Clifford Chance is well known for acting for major Russian and international financial lenders on large-scale PPP transportation and sanitation projects. Marc Bartholomy and Ella Omelchenko are the key contacts.

Restructuring and insolvency Tier 3

At Clifford Chance, managing partner Victoria Bortkevicha is a specialist in banking transactions and also heads the insolvency practice. She and Vladimir Barbolin are advising long-standing client Sberbank on Utair’s debt restructuring. Dispute resolution partner Timur Aitkulov represents international clients in bankruptcy proceedings.

Tax Tier 3

At Clifford Chance, practice head Alexander Anichkin focuses on the tax aspects of customs matters, capital markets and M&A, as well as tax structuring and acts for multinational clients in the media and telecoms, retail and manufacturing industries. Senior associate Dmitry Tolkachev frequently supports Anichkin and is experienced in domestic and international tax matters, currency controls and VAT. The team recently advised Vi Holdings on a real estate joint venture structuring project valued at $1.5bn.

TMT Tier 3

Clifford Chance provides comprehensive legal support to TMT companies with regard to M&A transactions and regulatory issues. Utilising its 'unrivalled experience in working on large, technologically complex projects', the team acted for ER-Telecom on the acquisitions of Strela and Columbia Telecom. Torsten Syrbe and Alexander Anichkin are key figures.

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
 Timur Aitkulov  photo Timur Aitkulov
 Marc Bartholomy  photo Marc Bartholomy
 Victoria Bortkevicha  photo Victoria Bortkevicha
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.

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.