Projects

Hedging transactions On behalf of a major American manufacturer of skincare products we performed an integrated assessment of the model for current relationships under which it undertook hedging transactions. We advised on accounting and tax accounting for transactions hedging against currency risks.

An opinion on the task risks of hedging transactions For a company in the petrochemical industry, we prepared an opinion on the task risks of hedging transactions. We developed recommendations from a standpoint of systematically approaching such operations under Russian Accounting Standards, IFRS and the requirements of the Russian Tax Code. 

Buy-out of shares in a Russian limited liability company Advised in relation to various issues connected with a buy-out of shares in a Russian limited liability company. The transaction was complicated owing to certain aspects of Russian antimonopoly law and "Russian membership" in production sharing agreements (PSAs) while the Sakhalin-2 project was implemented.

Advising a company with foreign capital Advised a company with foreign capital which is implementing projects in the Kara Sea in relation to issues of installing drilling rigs on the continental shelf. The scope of services included analysing the procedure for licensing the use of explosive and chemically hazardous industrial facilities, the issue of whether a construction permit should be obtained when drilling works are performed on the shelf, as well as issues relating to customs law and the drilling personnel and the crew of the drilling rig being relocated to the continental shelf.

Development of Shtokman gas condensate field Development of Shtokman gas condensate field: provided full Russian law support for the project; reviewed and drafted EPC contracts, advised on legislative amendments; advised on various land, construction and regulatory issues including construction of all the infrastructure for the purposes of implementing the project, obtaining rights for development land plots, construction of offshore part for the project, and project structuring issues; and advised on various environmental issues applicable to the project

Legislative drafting and expert assessment Participation in legislative drafting and expert assessment: participated in drafting of continental shelf legislation, performed legal expert assessment; participated in drafting the laws on production sharing agreements and special economic zones, performed legal expert assessment of the draft laws; participated in drafting the laws on taxation of companies involved in off-shore projects; discussed the suggested amendments with the clients and lobbied the clients’ interests when preparing legal expert opinions on the draft laws