Banking and Finance Practice

Banking transactions and regulatory

We advise domestic and foreign financial institutions involved in Russian banking and financial service sector. Among our clients are traditional and specialty lenders, and corporate borrowers.

We have advised clients in connection with bilateral and syndicated lending transactions with cross-border components, leveraged finance and asset-based lending transactions, structured finance transactions involving various asset classes, project and property finance transactions, and complex financings related to a range of other project types.

Behind us are years of experience of acting for lenders and borrowers in the Russian and CIS markets. We are equally familiar with the lender’s and borrower’s counsel roles and know what the most heavily negotiated issues are and where the compromise may be available. We are well-positioned to know what is “market” with respect to commitment packages, covenants, inter-creditor terms, collateral arrangements and other financing terms. We use this knowledge to negotiate documentation efficiently on behalf of our clients to address their needs and goals.

We are also assisting our clients with a broad range of regulatory matters, including currency controls, national payment system rules, rules and requirements in relation to micro-finance activities and micro-finance companies etc.

Vyacheslav Khorovskiy was ranked for a number of years by Legal 500 and Chambers for Banking and Finance in Russia and is ranked by Best Lawyers for Banking and Finance in Russia.

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Asset finance, aviation and shipping

Our team represents all participants in business and commercial aviation leasing and finance transactions and advises clients in a broad variety of commercial aviation transactions, including operating and financial leases of aircraft into Russia (including associated offshore and security structures), pre-delivery payment facilities and assistance with repossession and enforcement.

We are assisting our clients with purchases and sales of aircraft, engines and spare parts. We also worked with manufacturers, airlines and lessors on long-term arrangements, such as purchase agreements for new equipment (including manufacturer credit support).

We have experience in various types of finance transactions involving maritime and offshore assets, including vessels engaged in international, inland and domestic transportation of cargo and passengers. We have been involved in the financing of a range of transactions for lessees and lessors, borrowers and lenders.

We have experience with restructurings as well as ship registration and mortgage recordation laws in a number of registry jurisdictions.

We are also experienced in transport and logistics infrastructure finance, having handled a number oftransactions in these sectors over the years.

Vyacheslav Khorovskiy was ranked by Legal 500 for Transport work in Russia.

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Debt capital markets

Our team has experience across various segments of the debt capital markets. We were representing arrangers, financial institutions and issuers in structuring, documenting and negotiating documentation for transactions with Russian obligors and assets, including eurobonds (credit linked notes, limited
recourse notes and repackaged notes), debt issuance programmes and derivatives.

We are also advising Russian corporates entering into RISDA with Russian banks on the documentation and related issues.

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