Restructuring, Transactions with Distressed Assets and Insolvency

  • Acting for a UK bank on restructuring of its debt and equity exposure to a Russian pharmaceutical company and a USD 110 million secured and guaranteed facility to the same borrower
  • Acting for an international financial organisation on restructuring of a USD 100 million facility to a Russian leasing company including due diligence of a new borrower, transfer of the distressed debt and all charged assets to another Russian leasing company
  • Acting for a Russian licensed subsidiary of a European bank on restructuring of USD 70 million facilities to a Russian leasing company including transfer of the distressed debt and all charged assets to another Russian leasing company
  • Representing a syndicate of Russian banks in relation to restructuring of US$ 95 million syndicated credit facility for a Russian development company
  • Advising a leading Russian state controlled bank on USD 116 million term loan facilities for a Dutch borrower to finance acquisition of offshore holding companies controlling certain Russian distressed commercial properties and refinance defaulted facilities advanced to the same group of obligors
  • Acting for a consortium of Israel banks in connection with receipt of additional Russian security for existing loans during debt restructuring process
  • Advising a leading Russian state controlled bank on acquisition of various distresses assets including secured and unsecured loans to Russian borrowers for up to USD 750 million
  • Acting for a major European leather producer on the acquisition of tannery from an insolvent seller
  • Representing a major Japanese trading house in respect of USD 14 million debt recovery from a large wood producer based in the Far East, acting in the bankruptcy proceedings in relation to the Russian counterparty, dispute with the bankruptcy manager and advice on the applicable Russian insolvency laws and representation in courts
  • Acting for a major Japanese trading house in relation to a claim of USD 5 million under a supply contract against an insolvent Russian entity and in relation to insolvency proceedings, including dispute with insolvency manager of the Russian entity
  • Acting for several Western clients in relation to insolvency proceedings in Russian banks and corporates and successfully protecting claims of the clients in such proceedings
  • Acting for a UK retailer in relation to a claim of GBP 5 million against its insolvent Russian franchisee and related insolvency proceedings, including a dispute with another creditor of the Russian entity
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