Юридическая фирма VERBA LEGAL

All practices

Banking and Finance Law

VERBA LEGAL’s Banking and Finance Law Practice provides comprehensive legal support on the key aspects of the banking and finance sector’s activities.

Led by Partner Vladislav Skvortsov, our experts successfully manage Russian and international projects covering such areas as project, structured, syndicated and bilateral financing as well as acquisition financing in real estate, aviation and leasing sectors, including aircraft leasing and aviation financing transactions.

Our lawyers advise on regulatory regimes governing banking and financial operations as well as banking products and financial instruments.

The team offers full-fledged legal support as part of complex financial transactions and investment projects, from the structuring and drafting stages to dealing with the issues relating to the performance of obligations and post-financial monitoring.

Our client base encompasses Russian and international financial institutions, banks, governmental agencies, microfinance providers, payment systems and other financial market participants.

The practice team perennially features in the best lawyer rankings maintained by leading Russian and international legal directories.

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Services

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Experience Highlights

Project Financing

Advising:

a Russian development fund and one of the systemically important banks in a transaction envisaging extending syndicated credit facilities to finance infrastructure projects in Russian regions;

a Russian development fund in a transaction envisaging extending RUB 5 billion financing to one of the world's biggest uranium ore producers to build a uranium mine in the Zabaikalye Territory;

a client on the matters of Russian, German, Austrian and English law arising as part of the projects aimed at financing the construction of 9 solar power plants in Russia, including drafting the transaction documents and amending EPC contracts to improve the position of Russian customers (borrowers under credit facility agreements), drafting project support agreements and sponsor guarantees, performance bond agreements and warranty guarantees, subordination agreements, agreements on pledge of the rights to various accounts and other documents.

Syndicated and Bilateral Lending

Advising:

a major bank on four transactions envisaging extending credit facilities worth over EUR 235 million to Russian borrowers;

one of the leading Russian banks on a standard form facility agreement as part of a project envisaging extending credit facilities to three subsidiaries of a major mining and metallurgical group as well as on amending the facility agreements;

a major borrower in connection with a credit facility in the amount of RMB 4,850,000,000 (about USD 715,000,000) extended by a leading Russian bank;

one of the leading Russian banks on a series of syndicated and bilateral lending transactions;

leading banks and major Russian borrowers on secured and unsecured pre-export financing transactions including syndicated credit facilities worth over USD 7 billion.

Structured Financing

Advising:

one of the leading Russian banks on the matters arising as part of a structured finance transaction including the acquisition of a minority shareholding in the borrower’s group, protection of the rights of a minority shareholder, negotiating put and call options, amending the articles as well as the termination and refinancing of a repo transaction amounting to USD 180 million;

a client on a structured finance transaction envisaging the purchase of shares in a leading Russian aviation equipment developer and manufacturer;

one of the global leaders in sales of agricultural products on the regulated market on the structure of transactions envisaging providing pre-paid financing to Russian farmers against a pledge and assignment of rights to current and future harvests;

one of the global leaders in sales of agricultural products on a regulated market on a number of transactions envisaging providing financing to Russian farmers against a pledge of the current harvest and the rights to future harvests.

Acquisition Financing

Advising:

a bank financing the purchase of shares in an agro-industrial holding;

a bank financing the purchase of shares in a leading Russian natural dairy producer;

leaders of a global mineral fertilizer market on a transaction aimed at raising funds to purchase shares in one of the largest ammonia producers.

Aircraft Leasing and Aviation Financing

Advising:

one of the largest global banks on more than 15 transactions envisaging the acquisition and leasing of new Boeing 777, Airbus A321 and Airbus A320 aircraft by/to the leading Russian air carriers and partially state-owned leasing companies;

major financial holdings on refinancing of more than 10 aircraft-related transactions.

Financial Restructuring

Advising:

a large Russian group on the issues relating to the restructuring of indebtedness under syndicated facilities extended by foreign banks including negotiating a standstill intercreditor agreement, the introduction of a moratorium as well the amendments to facility agreements;

leading Russian banks on the issues relating to modifying the covenants and the scope of security provided as part of lending transactions;

major Russian borrowers on the issues relating to modifying the covenants and other terms and conditions of the loan and security documents.

Trade and Export Financing

Advising:

leading banks and major Russian borrowers on secured and unsecured pre-export financing transactions including syndicated credit facilities worth over USD 7 billion;

one of the leaders of a global mineral fertilizer market on a syndicated lending transaction designed to finance the construction of infrastructure facilities as part of the development of the Gremyachinskoe potassium salt deposit.

practices