Most changes in Russian commercial real estate law in 2020 were associated with the COVID-19 pandemic and the governmental bans and restrictions introduced in connection with it.
Key Developments in Russian Real Estate Legislation in 2020
Capital Legal Services Advises ABS on Development of Blagoveschensk Airport Passenger Terminal
Capital Legal Services has advised ABS LLC, a joint venture of Airports of Regions MC and Novaport Holding, on its entrance into a RUB 7 billion concession agreement for the development of the Blagoveschensk airport for a term of 30 years.
Konstantin Sharlovskiy Joins Pepeliaev Group as Head of Life Sciences
Former Stada CIS Head of Legal Konstantin Sharlovskiy has joined the Pepeliaev Group as Head of Life Sciences in Moscow.
DLA Piper Advises TAIF on Merger of Petrochemical Business with Sibur
DLA Piper has advised Russian oil and gas company TAIF on the merger of its petrochemical business with Russian petrochemical company Sibur. Herbert Smith Freehills reportedly advised Sibur.
DLA Piper advises Safmar Group on Sale of Non-State Pension Fund
DLA Piper has advised Safmar Financial Investments, an investment arm of Russia's Safmar Group, on the sale of 100% of shares in the Safmar non-state pension fund to Leningradskoe Adagio, an investment company owned by Russia’s Region Group.
Sorainen, DLA Piper, and Aleinikov & Partners Advise on 2GIS's Acquisition of Stake in Data Delivery
Sorainen has advised Data Delivery LLC, the Belarusian developer of a platform for managing the online status and business reputation of RocketData.io, in connection with share acquisitions and further investment in the company by mapping service 2GIS, which is part of the Sber group. DLA Piper Moscow and Aleinikov & Partners in Minsk advised 2GIS on the deal.
Norton Rose Fulbright, Asters, and Clifford Chance Advise on Cersanit Financing
Norton Rose Fulbright and Asters have advised a syndicate of banks on its provision of a PLN 1.5 billon loan to Polish, Russian, Romanian, Ukrainian, and German members of the Cersanit Group. Romania's Ionescu si Sava reportedly also advised the syndicate. Clifford Chance advised Cersanit on the deal.
Dentons Advises Finstar Financial CEO on Acquisition of SIAB Bank
Dentons has assisted Oleg Boyko, the founder and Chairman of the Board of Directors of Finstar Financial Group, on Finstar's acquisition of a 99.56% share of St. Petersburg's SIAB Bank PJSC.
Dentons Advises Domodedovo Airport Group on Eurobond Issuance and Liability Management Exercise
Dentons has acted as English, Russian and US federal securities law counsel to Domodedovo Airport Group on its Rule 144A/Regulation S issuance of USD 453 million 5.35 percent loan participation notes due 2028; the consent solicitation and tender offer in relation to its loan participation notes maturing in 2021; and the capped tender offer with respect to its loan participation notes maturing in 2023.
EPAM Represents Companies in Yandex Antimonopoly Case
Egorov, Puginsky, Afanasiev & Partners is representing a coalition of Avito, IVI, CIAN, Profi.ru, Tutu.ru, Drom.ru, 2GIS, and Zoon in a abuse-of-dominant-position case against Yandex initiated by the Federal Antimonopoly Service of Russia.
Svetlana Todorova and Eldar Mansurov To Co-Lead Peterka & Partners Turkish Desk
Senior Attorney-at-Law Svetlana Todorova in Sofia and Managing Associate Eldar Mansurov in Moscow have been appointed co-leaders of Peterka & Partners' Turkish Desk.
Nikolai Kurmashev and Patryk Figiel Promoted to Partner at Linklaters
Counsels Nikolai Kurmashev in Moscow and Patryk Figiel in Warsaw have been promoted to Partner as part of Linklaters global round, which included a total of 35 new partners worldwide.
New Risks for Real Estate Owners in the Russian Federation in View of Real Estate Potentially Being Withdrawn for State Needs
On 30 December 2020, sweeping changes to Russian legislation regulating integrated area development (hereinafter referred to as "IAD") came into force.
Akin Gump and Skadden Advise on Horvik's GBP 108 Million Takeover of Trans-Siberian Gold
Akin Gump has advised Trans-Siberian Gold PLC – the operator of the Asacha gold mine in Kamchatka, Russia – on the process of its GBP 108 million takeover by Horvik Ltd. The buyer was advised by Skadden, Arps, Slate, Meagher & Flom.
EPAM Defends Magnit Against Cartel Conspiracy Claim in Russia
Egorov Puginsky Afanasiev & Partners has successfully represented Magnit in an antimonopoly case initiated by Chelyabinsk OFAS Russia against Spar and Magnit involving an alleged cartel conspiracy.
EPAM Successful for Gett and CityMobil Taxi Services Before Russian Antimonopoly Agency
Egorov, Puginsky, Afanasiev & Partners has persuaded Russia's antimonopoly agency to approve the partnership between Gett and CityMobil taxi aggregator services.
Dentons and Latham & Watkins Advise on TMK’s Acquisition of Majority Stake in ChelPipe
The Moscow office of Dentons has advised the controlling shareholder of PJSC ChelPipe, Andrey Komarov, on the sale of his 86.54% share in the company to PJSC TMK. Latham & Watkins advised the buyer.
DLA Piper and Alrud Advise on AliExpress Russia's Investment in KazanExpress
DLA Piper has advised KazanExpress on an acquisition of a 30% stake in the company from AliExpress Russia — a joint venture between China’s Alibaba Group and Russia’s MegaFon, Mail.ru Group, and Russian Direct Investment Fund. Alrud advised AliExpress Russia on the deal. Financial terms were not disclosed.
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