Recent matters

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On this page you will find more information on recent projects and other recent developments within our practice.

Publication date

18 August 2014

PPP project: Construction and operation of Moscow–St. Petersburg highway

EY Law is advising GK Avtodor, a state company owned by the Russian Federation, on a PPP project involving construction and the further operation of the Moscow–St. Petersburg highway, in particular sections 543 – 646 km and 646 – 684 km under the concession model (public side).

EY Law’s work includes  all legal services (on a turn-key basis) for closure of the project and conclusion of the concession agreement (including legal analysis and evaluation of all bidding materials, including participants’ bids and enclosed materials; analysis of proposed terms and conditions of the concession agreement; legal structuring of the concession agreement and relevant annexes; legal advising on any aspect of financial closure, including any financial documentation; legal support of negotiations; legal advising on risks and procedures of commercial and financial closure).

Contact: Dmitry Tetiouchev

19 June 2014

Azbuka Vkusa acquires Spar

EY Law advised Azbuka Vkusa, a food store chain, on the acquisition of store chain operating under Spar brand in the Moscow region of Russia.

The EY team advised on all transaction steps, including preparation of all acquisition documents, tax advice, obtaining approval from the Federal Antimonopoly Service, negotiations with the vendor and completion of the deal.

Contact: Dmitry Tetiouchev

March 2014

PPP project: Supplying subway carriages to Moscow Subway

EY Law advised a leading transportation machinery company in a project to supply the Moscow Subway (private side) with 832 new subway carriages from 2014 to 2017 and to provide ongoing maintenance of them under a lifecycle contract.

EY Law services included i) preparation of the corporate structure necessary to participate in the bidding for the lifecycle contract; (II) commercial and financial closure (analysis of the draft lifecycle contract proposed by the Moscow Subway, revelation of risks and proposal of mitigation measures for the risks, preparation of comments about the lifecycle contract, negotiations with the Moscow Subway, support of the negotiation positions and proposed amendments, support of the conclusion of the agreement with the financing bank).

Contact: Dmitry Tetiouchev

December 2013

BNP Paribas increases share capital of Leval 20

EY Law represented BNP PARIBAS, CJSC in connection with the increase of the share capital of Leval 20, a foreign entity holding a share in a JV with Sberbank.

The project involved the preparation of the necessary corporate documentation and the obtaining of special permits from the Central Bank of Russia.

Contact: Michael Makhotin

November 2013

EY provides sell-side advice to Micran

EY Law advised the owners of the leading Russian microwave electronics producer, Micran, on creating a JV and on the sale of a blocking stake to a major Russian private equity firm.

This transaction was unique in that EY Law acted on the sell-side represented by eight individuals (owners of the Target).  EY Law worked out a collective sell-side position and represented it in negotiations with the investor.

Contact: Georgy Kovalenko

August 2013

EY Law advises Promat International on acquisition of A+B Group

EY Law advised Promat International, part of the Etex Group, on acquisition of the A+B Group, a major Russian producer of fireproof materials with operations in Russia, Ukraine and Poland. EY Law’s role included full support from due diligence to restructuring of the Target, obtaining antitrust approvals in a few jurisdictions, preparation of all contractual documentation and assistance with closing the transaction.

Contact: Tobias Luepke

MultiShip signs cooperation agreement with Yandex

EY Law advised the Russian aggregator of logistic services for e-shops MultiShip on entering into cooperation agreement with Yandex.

The EY team advised MultiShip on main transaction steps, including pre-transactional structuring, advice on the transaction documents and negotiations with Yandex.

Contact: Georgy Kovalenko

Jumeirah Group comes to Russia

EY Moscow’s Law team provided full legal support to IFG-Basis-Proekt, a property owner, on a deal with Jumeirah Group, one of the most innovative global luxury hotel companies, for the management of a 5-star luxury hotel being developed within Wavelberg House, which was built in 1912 on Nevsky Prospect in St. Petersburg. The hotel is expected to open in the 2nd quarter of 2015.

The EY Moscow Law team supported the property owner at every stage of the deal, including analyzing and amending the hotel management agreements, assisting the client in multi-round negotiations with the hotel operator, as well as verifying that all agreements reached during the two-year negotiation process were properly reflected in contractual documents and assisting the client in signing the documents in Dubai.

Contact: Dmitry Tetiouchev

Accor Group opens two hotel complexes in Moscow

EY Moscow Law provided full legal support to the property owners on two deals with Accor Group (a French hotel group which owns, operates and franchises a broad portfolio of hotels representing several diverse brands) to open two hotel complexes, each comprising hotels of three different brands.

The hotel complex at Bakhrushina includes MERCURE Bakhrushina, IBIS Bakhrushina, Aparthotel Bakhrushina and is expected to open in the 3rd quarter of 2014. The project covers 340 guestrooms and 60-150 apartments in total, meeting spaces, bars and restaurants.

The hotel complex at Kievskaya includes NOVOTEL Kievskaya, IBIS Kievskaya, ADAGIO Kievskaya and is expected to open in the 4th quarter of 2015. The total room count of the complex is 550 guestrooms and 150 apartments. The project also covers meeting spaces, an indoor swimming pool, fitness center, bars, lounges and restaurants.

The EY team provided legal support to the property owners at every stage of the deal including: analyzing and amending the hotel management agreements to protect the interests of the client, assisting the client in multi-round negotiations with the hotel operator and completing the deal.

Contact: Dmitry Tetiouchev

Construction agreement with a foreign contractor

EY Law advised one of the leading Russian banking groups on a US$150m construction contract with a foreign contractor related to a 130,000 sq. m. cottage complex in Moscow Region.

The EY team supported the client in drafting and negotiating all transaction documents, which included the construction agreement and several security instruments (bank and corporate guarantees).

Contact: Georgy Kovalenko

EY Law is growing – we have two new partners in the CIS

On 1 July 2013 Anna Kostyra and Albert Sych became partners at EY’s CIS Law practice.

Anna Kostyra, EY Law Leader in Saint Petersburg, represents clients in dispute resolution matters, including arbitration courts, the Federal Antimonopoly Committee and other dispute resolution bodies. Her litigation experience includes cases involving tax, customs and other state authorities with bad faith contractors and borrowers and unfair competitors. She specializes in developing strategy and tactics to defend client interests, including counterclaims and independent claims preparation, obtaining injunctions and intellectual property protection.

The main priority for Anna and her team will be providing clients with a new generation of law services, especially in the sphere of intellectual property. These new legal services are based on the best practices of US/UK law firms, taking into account the significant digitalization of the final product delivered to clients as well as the close connection between “pure” law services and business-advisory and IT products.

Albert Sych, EY Law Leader in Ukraine, has more than 12 years of experience practicing law in Ukraine. He specializes in M&A, both Ukrainian and cross-border, as well as corporate, commercial and tax law.

Albert manages legal and tax business structuring and restructuring projects, and assists large foreign companies in establishing their business-presence, and investing, in Ukraine.

Albert possesses professional experience in various industries, including oil and gas, banking and finance, real estate and construction as well as FMCG. He has handled a few unique projects in Ukraine, including production sharing agreements and restructuring of the largest Ukrainian business groups and public corporations.

Congratulations to our new partners and best wishes for further professional success in your new roles!

India, Japan and Lithuania part of EY Law

EY Law is expanding into new jurisdictions. We are very excited to inform you that starting 1 July 2013 we welcome India, Japan and Lithuania as new law practices of EY Law. 

We are certain the expanded legal services platform will serve to complement EY's multi-disciplinary and cross border service offerings. 

Contact: Dmitry Tetiouchev

Marriott International opens new hotel in Russia

EY Law provided full legal support to Crocus International on a deal with Marriott Group (a leading hospitality operator) to open Moscow Marriott Hotel Crocus City, which will be located within a new shopping and residential complex in Crocus City.

The hotel is expected to open in 2016 and will be part of Marriott Group’s signature global brand, Marriott Hotels. It marks the 10th property opened or signed in the Moscow area. The project covers 250 rooms, a health and leisure club with an indoor pool and extensive meeting facilities.

The EY team provided legal support to Crocus International at every stage of the deal including: analyzing and amending the hotel management agreements to protect the interests of the client, assisting the client in multi-round negotiations with the hotel operator and completion of the deal.

Contact: Dmitry Tetiouchev

EY Law recognized by Belarusian Ministry of Justice

EY Law has been named one of the top overall law firms in Belarus. The Ministry of Justice of Belarus appraised the results of the work of law firms in 2012 and selected the best law firms and legal professionals.

The firms were rated by the number of associates, clients, matters handled and contribution to the development of communities.

Distribution of the awards by the Ministry took place on 8 May 2013.

Contact: Andrei Chumakov

Central Properties acquires Dvintsev Business Center

EY Moscow Law provided overall legal support to Central Properties, a leading real property investment and development company, on the acquisition of Dvintsev Business Center (13,000 sq. m in area) from Wells REITII, one of the largest American real estate funds, with a portfolio of about 2 million sq. m valued at USD5 billion.

The EY team advised on all transaction steps, including due diligence, advice on the acquisition documents, negotiations with the vendor and completion of the deal.

Contact: Georgy Kovalenko

Obtaining Russian Central Bank’s approval for acquisition

EY Law advised one of the largest European bank groups in connection with obtaining the Russian Central Bank’s approval for the increase of the share capital in a Russian bank by more than 20% that led to the issue of additional shares (participation interests) to the bank’s shareholders. EY team provided overall legal support including drafting all the necessary documents, filing the application for the Russian Central Bank’s approval and liaising with its representatives.

Contact: Michael Makhotin

Advice on Russian and foreign securities trading

EY Law advised the leading international financial group on regulatory requirements for Russian and foreign securities trading.

The EY team made recommendations on reducing the main local regulatory risks arising from securities trading, REPO and securities loan transactions for Russian and foreign clients carried out by a foreign company of the group.

Contact: Michael Makhotin

ARMZ Uranium Holding Co. acquires 99.5% stake in JSC First Ore-Mining Company

EY Law provided transaction support to ARMZ Uranium Holding Co. on its purchase of a 99.5% stake in JSC First Ore-Mining Company for USD30 million.

JSC First Ore-Mining Company holds a license for the development of the Pavlovskoye lead-zinc deposit (located on the Novaya Zemlya archipelago), which ranks among the world’s five largest deposits with its mineral resources of 9.5 million tons of ore.

Contact: Alexey Markov

Debt restructuring of group of companies

EY Law advised the largest Russian bank on debt restructuring of group of companies including structuring the transaction and drafting all the necessary documents.

Contact: Michael Makhotin

Yazaki Corporation acquires Industrial Volga Company

EY Law advised Yazaki Corporation on the acquisition of Industrial Volga Company (IVC), the Russian wire harness producer.

IVC is a company which has approx. 1,000 employees, located in the town of Gorodets, a province of Nizhniy Novgorod, 400 km east from Moscow. The company’s main activities are manufacturing and sales of wire harnesses. Yazaki Corporation acquired a 100% share of IVC from PromInnovacii LLC, a member of Itelma Group.

Contact: Michael Makhotin

NPF Blagosostoyanie acquires Aviva

EY Law advised KIT Finance Investment bank, acting as the buyer’s guarantor in connection with the acquisition of the Russian subsidiary of international insurance company Aviva. The purchase of Aviva aims to consolidate the competencies of the two companies in developing new long-term financial services, cross-selling and customer service.

Aviva’s Russian division was founded in 2005 to focus on the life insurance and pension market. Aviva is one of the biggest non-captive providers of life insurance and pension benefits.

Contact: Michael Makhotin

Acquisition of assets of Bucyrus Service LLC by Vostochnaya Technica LLC

EY Law provided transaction support to Vostochnaya Technica LLC on its acquisition of Bucyrus Service LLC’s assets (subsidiary of Caterpillar Group, manufacturer of construction and mining equipment). The deal value is USD50 million.

Vostochnaya Technica LLC is part of the South African industrial firm Barloworld Group and the official Caterpillar, Sullair and Metso Minerals dealer for Western and Eastern Siberia, Yakutia and the Northern part of the Russian Far East.

Contact: Alexey Markov

Group restructuring for a large foreign automotive company

EY Law provided overall legal support in the global restructuring of a large foreign automotive company, including elaboration and implementation of the new global structure, and drafting and negotiating all the  supporting documentation.

Contact: Alexey Markov

Leading Russian developer secures USD40 million loan

EY Law advised a leading Russian developer on its USD40 million credit facility with the bank. The EY team advised on all transaction documents, including the credit agreement based on Loan Market Association (LMA) standards, and numerous security agreements with respect to assets in Russia and overseas.

Contact: Michael Makhotin

Telecom Express acquires 51% in Beeline call center

EY Law assisted Russian call-center operator Telecom Express in the acquisition of a 51% stake in the company Contacts Area from the mobile operator Vimpelcom.

Contacts Area is also an outsourced call-center operator.

Contact: Sergey Stefanishin

Sberbank and BNP Paribas establish joint venture in Russia

EY Law was the main legal advisor for French banking group BNP Paribas for the establishment of a joint venture with Sberbank of Russia.

The EY team advised on all transaction steps, including obtaining approvals from the Bank of Russia and drafting all the necessary transaction documents.

Contact: Michael Makhotin

Intercompany restructuring for a large oil company

EY Law provided overall legal support during the restructuring of the company’s assets, including advice on the desired structure and corporate governance and implementation of the restructuring in five jurisdictions.

Contact: Alexey Markov

Establishment of OJSC Russian Agency for Export Credit and Investment Insurance (EXIAR)

EY Law advised on developing a legal framework for establishing OJSC Russian Agency for Export Credit and Investment Insurance (EXIAR).

EXIAR’s sole shareholder is Vnesheconombank. The Agency’s aim is to support high-tech exports in Russia by insurance of export credits against commercial and political risks, as well as Russian investments abroad against political risks. EXIAR’s share capital amounts to RUB30 billion.

Contact: Dmitry Tetiouchev

Establishment of Russian Direct Investment Fund (RDIF)

EY Law provided advice on the development of a legal framework for establishing the Russian Direct Investment Fund (RDIF).

RDIF, established under the aegis of the Russian government, is a USD10 billion investment fund that seeks to maximize returns by making investments in the leading companies of fast-growing sectors across the Russian economy, investing in partnership with leading financial institutions and corporations. In each investment it makes, RDIF is mandated to secure co-investment that at a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.

Contact: Dmitry Tetiouchev

ABN AMRO Bank N.V. opens representative office in Russia

EY Law advised ABN AMRO Bank N.V. on the registration of a representative office, including obtaining approvals from the Bank of Russia, preparing model documentation and completing the registration process.

Contact: Dmitry Tetiouchev

Sberbank acquires insurance company Alliance Life

EY Law provided overall legal support to Sberbank on the acquisition of the insurance company Alliance Life, a subdivision of Allianz in Russia.

The EY team advised on all transaction steps, including due diligence, obtaining FAS approval and drafting a sales and purchase agreement.

Contact: Sergey Stefanishin

Establishment of a joint venture between Grupo Petrotemex and UPC

EY Law advised United Petrochemical Company, a subsidiary of Sistema JSFC, on the establishment of a joint venture with Mexican company Grupo Petrotemex, a subsidiary of Alpek.

The EY team provided advice on the license agreement related to rights transfer for production technology, services agreement and other IP matters.

Contact: Georgy Kovalenko

Acquisition of Russian pharmaceutical company

EY Law advised the largest German medical equipment producer on the acquisition of a Russian pharmaceutical company.

The EY team advised on all transaction steps, including due diligence, advice on the acquisition documents, negotiations with the vendor and completion of the deal.

Contact: Tobias Luepke

Advice on long-term incentive programs for employees

EY Law advised an international oil company on long-term incentive programs for employees and elaborated the best incentive plan options for the top management of the company.

Contact: Georgy Kovalenko

Acquisition of Russian power generating company

EY Law advised the leading Italian power generating company on the acquisition of large power generating assets in Russia.

The EY team advised on all transaction steps, including due diligence, advice on the acquisition documents, negotiations with the vendor and completion of the deal.

Contact: Tobias Luepke