M&A transactions
Business Restructuring
Court Proceedings
Real Estate Transactions
Financial Market Transactions
Defense of Intangibles

Financial market transactions are normally characterized by a complex structure of legal and organizational relations between parties to projects of the kind (issuers, investors, underwriters, trade organizers, register holders, depositaries, auditors, consultants, etc). Successful delivery of such projects relies largely on the quality of legal support provided to the participants of this type of deals. It is possible to single out various aspects of a legal consultant’s activities within this area of professional practice:

- Legal support of shares issue, including initial public offering (IPO) of Russian issuers both in the RF and abroad

- Legal support of debt securities issue by Russian issuers

- Participation in the capacity of an adviser on Russian law in projects related to issue of Russian Depository Receipts (RDR) attesting the right of their respective owners to a certain number of foreign issuers’ securities

- Participation in the capacity of a legal adviser on Russian law in projects related to issue of depository receipts (GDR, ADR), the base asset whereby being the shares of Russian issuers

- Legal support of shares acquisition, acquisition of stakes in the charter capital of business companies

- Legal support of admitting securities to be traded by Russian trade organizers at the securities market

- Providing consultancy regarding licensing of professional players at the securities market

- Obtaining permits from antimonopoly bodies, negotiations with financial consultants, underwriters, trade organizers at securities markets, depositaries, registrars, preparing agreements with them, performance of other actions which may be required to implement projects related to issue of securities.

Our lawyers were directly involved in several major projects in this field, including as follows:

  • August 2007 - December 2008 - legal support of placement of an additional issue of securities by a major Russian shipping company, paid for by means of contribution of shares in a leading company-transporter of Russian export energy
  • September 2007 - February 2008 - legal support of placement of additional securities of a local generation company in favour of a strategic investor
  • November 2007 - March 2008 - legal support of the process of listing a local generation company with organizers of trade at the securities market
  • September - November 2007 - preparing a legal opinion letter on Russian law in view of holding an SPO (secondary public offering) of ordinary shares in a parent company of a major Russian agroindustrial holding.
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