Russia - Restructuring/Insolvency Lawyers & Law Firms - Europe - Chambers and Partners
Chambers & Partners has detected the use of an ad blocker.
We make use of tailor-made ads to enhance your experience of our website.
Please 'whitelist' https://www.chambersandpartners.com.
Close
Europe Guide

Restructuring/Insolvency — Russia


Allen & Overy - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Highly respected team often acting for banks on debt restructuring cases. Houses an increasingly visible bankruptcy litigation practice where it mostly represents creditors, including assisting with English law matters. Particularly active in contentious matters relating to the transport sector, especially aviation.

Strengths Sources note the team's dedication and ability to address complex issues, with a client reporting: "They have been stellar throughout. They're helping us with the whole process: litigation and restructuring issues."

Work highlights Acted for several subsidiaries of VTB Leasing on the bankruptcy proceeding of Transaero concerning claims for approximately USD600 million.

Notable practitioners

Stephen Matthews is a well-reputed finance lawyer involved in high-stakes restructuring transactions. "He responds immediately, and he highlights and focuses only on what's important, so it minimises pointless debates," a client reports, adding: "Stephen has a lot of gravitas as a technical lawyer, and I noticed that other firms streamlined their negotiating position when dealing with him."

Igor Gorchakov is a banking and financing lawyer with strong involvement in insolvency proceedings and debt restructuring matters, including related contentious work. "He's been very helpful," a client reports, noting his experience in related litigation.

About the Team (content provided by Allen & Overy)

Department profile not yet provided by Allen & Overy. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


ALRUD Law Firm - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Well-balanced practice group advising clients on both debt restructuring and litigation matters. Practical expertise in representing both creditors and debtors. Instructed by clients on bankruptcy litigation cases. Also acts for high net worth individuals.

Strengths Sources appreciate the team's proactive and pragmatic approach. "They always seek to offer the most effective solutions and are a few steps ahead of the opponents," a client says.

Interviewees also praise the lawyers' availability and strong communication skills.

Work highlights Advised Maykor on the restructuring of its significant debt that included attracting a new investor, Rostelecom.

Represented Gazpromneft in bankruptcy proceedings of a customs broker in an attempt to recover a large customs overpayment.

Notable practitioners

Sergey Petrachkov is recognised for his activity in bankruptcy and restructuring matters. "We were informed about everything," a client says, also describing him as "confident and patient."

About the Team (content provided by ALRUD Law Firm)

Restructuring and Insolvency Team of ALRUD has a unique experience in all types of distressed situations. High profile and complex restructuring and insolvency matters are one of the primary focuses of the firm with a team of attorneys who have wide experience both in restructuring and insolvency matters. We represent creditors and debtors in corporate restructuring and complex bankruptcy cases administered by courts, as well as creditors and receivers in bankruptcy-related disputes such as challenging transactions and recovery of damages from directors and shareholders. We also coordinate work of criminal lawyers in supportive criminal investigations.

Restructuring and Insolvency team assists mainly foreign clients from such diverse industries as Energy, Oil&Gas, automotive, retain and financial services.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Cleary Gottlieb Steen & Hamilton LLP - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Recognised practice group predominantly representing blue-chip borrowers in large-scale, high-profile multi-jurisdictional restructuring matters. Particular practical experience in the natural resources sector.

Notable practitioners

Polina Lyadnova is a London-based finance lawyer who regularly advises Russia and CIS-originating global businesses on large-stakes restructuring and refinancing. She is English- and Russian-qualified.

About the Team (content provided by Cleary Gottlieb Steen & Hamilton LLP)

Department profile not yet provided by Cleary Gottlieb Steen & Hamilton LLP. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Clifford Chance - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Top-tier team consisting of a close-knit group of specialists in finance, litigation and corporate law. Represents banks as well as corporate clients in both non-contentious restructuring and bankruptcy litigation. Notable expertise in the aviation and natural resources sectors. Works closely with London-based lawyers on cross-border matters.

Strengths Sources confirm the team's presence on big-ticket cross-border cases. A client describes the team as a "very strong restructuring practice altogether, especially for international cases under English or other international law."

Work highlights Advised Integra Group on the RUB8.7 billion syndicated loan provided by Sberbank and Alfa-Bank to refinance the existing financial indebtedness.

Notable practitioners

Department head Victoria Bortkevicha is a long-standing name in the banking and finance sector and has significant practical experience in restructuring matters. Sources laud her "good approach" to handling cases.

London-based Logan Wright is a highly experienced finance lawyer with many years of experience of working in Moscow. He remains involved in the team's key mandates in cross-border restructuring. A peer says that it is "a pleasure to work with him."

About the Team (content provided by Clifford Chance)

We offer practical and commercial advice on a full range of contentious and non-contentious issues encountered in insolvencies.

We regularly represent a whole range of stakeholders from lenders; corporate debtors experiencing financial difficulties to lender groups; agents to syndicated lending groups; commercial creditors; insolvency officers; official and unofficial creditors’ committees; principal finance and private equity sponsors; financial institutions; accountants; and financial advisers.


Restructuring and Workouts

  • restructuring distressed debt
  • advising creditors and debtors on recovery and insolvency strategies in default situations
  • assisting with insolvency filings and participation in creditors’ meetings.

Debt Recovery

  • complex contractual disputes, including debt recovery, both before state courts and arbitral tribunals
  • recognition and enforcement of  arbitral awards
  • advising in insolvency cases, including participation in creditors’ meetings
  • assisting with settlement procedures.

Refinancings

  • advising lenders and borrowers on structuring and implementing refinancing solutions, including in​distressed situations, and when existing security needs to be released and retaken

Waivers and Covenant Re-sets

  • advising syndicates and borrowers on amending and/or waiving key financing terms, including introducing financial covenant holidays.​

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Dentons - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Versatile team that handles matters ranging from non-contentious restructuring of loans to acting for predominantly international creditors in bankruptcy proceedings of Russian borrowers. Active in debt collection. Draws from the expertise of its corporate, litigation and bankruptcy specialists.

Strengths Clients note the team's in-depth knowledge of relevant legislation and consistency. "We have used them for a number of restructurings and the experience has been repeated: they performed very well in all matters," a client reports.

Clients value the team's availability, with a source saying: "We never had to chase them up for any delayed answer or an update."

Work highlights Represented the Polish Export Credit Insurance Corporation in a Russian borrower's insolvency proceedings, which included a recovery of pledged property.

Advised If P&C Insurance on the restructuring of its Russian business, which also included the sale of an insurance portfolio to Ergo Insurance.

Notable practitioners

Andrei Strijak is a key contact for clients.

About the Team (content provided by Dentons)

Department profile not yet provided by Dentons. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


DLA Piper Rus Ltd - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Advises on restructuring and insolvency cases, acting for global and domestic financial institutions as well as corporate borrowers. Has practical experience in relation to contentious cases in the aviation, real estate and shipping industries. Additionally assists with distressed asset transactions.

Work highlights Acted for Sberbank Leasing as one of the creditors in a large-value dispute relating to the bankruptcy of Transaero.

Notable practitioners

Karen Young is a well-reputed English-law-qualified financing specialist focusing on restructuring and insolvency matters. She has notable practical experience in relation to the real estate sector.

About the Team (content provided by DLA Piper Rus Ltd)

Department profile not yet provided by DLA Piper Rus Ltd. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Herbert Smith Freehills - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Advises lenders on large restructuring projects and insolvency matters. Experience ranges from debt recovery and disposal of distressed assets to enforcement proceedings against borrowers. Cross-border asset-tracing cases are a particular strength. Draws on the combined expertise of finance and litigation lawyers. Represents both creditors and companies and often handles cases in the energy, real estate and retail sectors.

Strengths Clients highlight the team's solution-oriented approach, with a source saying that "they are business-minded."

Work highlights Acted for VTB Bank on the restructuring of the USD2.5 billion facility for RussNeft.

Advised Sberbank Investments on the acquisition of a 15% stake in Ling Investments, a holding company of a large Moscow department store, from Horizons Investing as a part of indebtedness restructuring of the target group.

Notable practitioners

Artjom Buligin is a well-known banking and finance lawyer with expertise in handling both domestic and cross-border restructuring matters.

About the Team (content provided by Herbert Smith Freehills)

Department profile not yet provided by Herbert Smith Freehills. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Hogan Lovells (CIS) - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Notable practice known for representing creditors in contentious matters. Active in debt recovery cases, including asset tracing. Also acts for clients on debt restructuring projects.

Strengths Clients appreciate the team's business-friendly approach, and one says the lawyers are "very good at taking into account Russian realities" in addition to being very responsive and always on time.

Work highlights Continues to represent Deposit Insurance Agency in a dispute with Mr Pugachev involving insolvency and asset-tracing matters that is ongoing in multiple jurisdictions and is valued at USD2 billion.

Notable practitioners

Alexei Dudko is an experienced disputes lawyer advising clients on a range of restructuring and insolvency matters, with a focus on asset tracing as well as representation of clients in bankruptcy proceedings.

About the Team (content provided by Hogan Lovells (CIS))

Department profile not yet provided by Hogan Lovells (CIS). Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Linklaters CIS - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Highly reputed for non-contentious restructuring, particularly in the natural resources sector. Advises lenders on debt restructuring of large Russian companies as well as refinancing transactions. Regularly assists with complex cross-border matters in co-operation with its London office.

Strengths Clients appreciate the team's practical focus. "They offer very commercially inspired advice and they have got a clear understanding of process and risk," a client says, adding that the group is also "highly responsive."

Work highlights Advised a syndicate of Sberbank and Alfa-Bank on providing an RUB8.7 billion syndicated facility to Integra Group.

Notable practitioners

Michael Bott is a reputable banking lawyer with solid practical experience in advising on refinancing and restructuring of large debt. "One of Michael's strengths is identifying paths to achieve your commercial objectives without being distracted by a lot of the noise going on around the deal. He is a good pathfinder," a client reports.

About the Team (content provided by Linklaters CIS)

Department profile not yet provided by Linklaters CIS. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Morgan, Lewis & Bockius LLP - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Well-regarded practice particularly visible in financial restructuring. Active in insolvency proceedings as well as debt restructuring mandates. Represents both banks and blue-chip companies. Complemented by its strong banking practice.

Notable practitioners

Well-regarded banking specialist Grigory Marinichev is also visible in the financial restructuring space.

About the Team (content provided by Morgan, Lewis & Bockius LLP)

Department profile not yet provided by Morgan, Lewis & Bockius LLP. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


White & Case LLC - Restructuring/Insolvency Department

-

Chambers Commentary (based on the Chambers research)

What the team is known for Represents both lenders and borrowers in high-level cross-border consensual restructuring cases as well as insolvency-related litigation. Often acts for banks on debt recovery cases. Especially active in the aviation sector handling both restructuring and insolvency mandates. Involved in significant cases in the mining sector.

Strengths Clients value the team's in-depth engagement with cases. "They provide solutions in complex situations. They explain all the risks, and options on how to avoid them," a client says, adding: "They have good commercial understanding and are effective negotiators."

Work highlights Acted for Bank of Cyprus on the insolvency proceedings of Rosprombank.

Represented Hannover Rück in several insolvency proceedings related to Gefest concerning reinsurance agreements.

Notable practitioners

Maxim Kobzev and Pavel Bulatov are key contacts for clients.

About the Team (content provided by White & Case LLC)

To learn more about our practice, please visit: whitecase.com/law

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Band 1

Victoria Bortkevicha

Clifford Chance

From the Chambers Europe guide

Department head Victoria Bortkevicha is a long-standing name in the banking and finance sector and has significant practical experience in restructuring matters. Sources laud her "good approach" to handling cases.

^ See whole ranking table

Band 1

Linklaters CIS

From the Chambers Europe guide

Michael Bott is a reputable banking lawyer with solid practical experience in advising on refinancing and restructuring of large debt. "One of Michael's strengths is identifying paths to achieve your commercial objectives without being distracted by a lot of the noise going on around the deal. He is a good pathfinder," a client reports.

^ See whole ranking table

Band 2

Grigory Marinichev

Morgan, Lewis & Bockius LLP

From the Chambers Europe guide

Well-regarded banking specialist Grigory Marinichev is also visible in the financial restructuring space.

^ See whole ranking table

Band 3

Allen & Overy

From the Chambers Europe guide

Stephen Matthews is a well-reputed finance lawyer involved in high-stakes restructuring transactions. "He responds immediately, and he highlights and focuses only on what's important, so it minimises pointless debates," a client reports, adding: "Stephen has a lot of gravitas as a technical lawyer, and I noticed that other firms streamlined their negotiating position when dealing with him."

^ See whole ranking table

Band 3

DLA Piper Rus Ltd

From the Chambers Europe guide

Karen Young is a well-reputed English-law-qualified financing specialist focusing on restructuring and insolvency matters. She has notable practical experience in relation to the real estate sector.

^ See whole ranking table

Band 4

Herbert Smith Freehills

From the Chambers Europe guide

Artjom Buligin is a well-known banking and finance lawyer with expertise in handling both domestic and cross-border restructuring matters.

^ See whole ranking table

Up and Coming

Allen & Overy

From the Chambers Europe guide

Igor Gorchakov is a banking and financing lawyer with strong involvement in insolvency proceedings and debt restructuring matters, including related contentious work. "He's been very helpful," a client reports, noting his experience in related litigation.

^ See whole ranking table

Up and Coming

Sergey Petrachkov

ALRUD Law Firm

From the Chambers Europe guide

Sergey Petrachkov is recognised for his activity in bankruptcy and restructuring matters. "We were informed about everything," a client says, also describing him as "confident and patient."

^ See whole ranking table