Infrastructure

Advising on mezzanine financing provided to Ultramar Terminal for construction of an industrial and logistics centre for storing and transshipping mineral fertilisers and general cargo on Ust-Luga Bay, as well as on subsequent investment in the project by new partners, provision of new tranches and amendments to the documentation on senior debt provided by Sberbank, including coverage by the Export Credit Agency.

Provided legal advice to VEB.RF on developing the concept and relevant legislative amendments for adopting infrastructure bond issue vehicles and project finance structures in Russia, for the purpose of implementing infrastructure projects in the Russian Federation.

Advised a JV structure on a series of EPC contracts and related documentation for Tushino Waterfront Mixed-Use Development (the largest innovation cluster in Russia, including residential properties, a stadium, sports and social infrastructure, research and educational facilities, and recreation zones of approximately 1 million sq. m) with an investment of about USD 1.5 bn.

Comprehensive legal support for the USD 1 bn reconstruction of Sheremetyevo International Airport: construction of a cargo and two passenger terminals, demolition of an old terminal and construction of a unique transport tunnel under two runways to connect the passenger terminals. Also advised on supply of passenger and luggage transport equipment and relocation of existing utilities and infrastructure, and provided support for construction of a new fuelling facility. Advised the client on airport asset consolidation, project finance and privatisation, corporate, financial, antimonopoly and tax aspects, inсluding on restructuring a USD 222 m syndicated facility arranged by international and Russian banks.

Comprehensive legal advice on the project for construction of the South/TurkStream Offshore Pipeline from Russia to Turkey under the Black Sea: land use and acquisition, change of land category, public procedures, environmental aspects, international and corporate law, project finance, construction, permits and authorisations, etc.

Advised Nord Stream AG and Nord Stream 2 AG on legal aspects of laying the Russian part of the Russia-EU gas pipeline along the bottom of the Baltic Sea: forestland and farmland use limitations, land allocation, change of land category, environmental aspects, water use and protection, government and international matters, public procedures, construction, regulatory, permits and licences, etc.