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DLA Piper

LEONTIEVSKY PER., 25, 125009 MOSCOW, RUSSIA
Tel:
Work +7 495 221 4400
Fax:
Fax +7 495 221 4401
Email:
Web:
www.dlapiper.com

Karen Young

Tel:
Work +7 (495) 221 4177
Email:
DLA Piper LLP (US)

Work Department

Banking & Finance

Position

Karen Young is an English qualified lawyer who has over 14 years of experience working in the Russian market. She focuses on all types of financial transactions including real estate, project, trade, asset and acquisition finance and general corporate lending. Karen also advises on insolvency matters and restructurings.


Russia

Banking and finance: Borrower side

Within: Banking and finance: Borrower side

DLA Piper provides ‘prompt, cost-effective and practical advice’, ‘showing a solid understanding of business and financial aspects in each task’. Karen Young is ‘a very skilled lawyer with extensive knowledge of cross-border transactions’; her recent work includes advising the Development Bank of Kazakhstan on two loan facilities totalling $832m provided by China Development Bank, and several international banks, including Bank of Tokyo-Mitsubishi and Deutsche Bank, respectively. Philip Lamzin focuses on asset finance, in particular on aircraft and shipping finance and leasing transactions.

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Banking and finance: Lender or arranger side

Within: Banking and finance: Lender or arranger side

At DLA Piper, highlights included acting for Credit Europe Bank, as mandated lead arranger, agent and security agent, on a loan facility to Delta and Soyuz-Invest concerning the secured financing of a logistics complex in the Moscow region. The group is also advising lender Sberbank on a loan facility for financing the construction of a multi-functional business centre. Karen Young is the main practitioner, and Philip Lamzin specialises in asset finance in the aviation and shipping sectors.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

Legal Developments in Russia

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