Projects

Legal support to a major car manufacturer during its global reorganisation Our corporate lawyers advised a major car manufacturer on a global reorganisation involving its foreign distributors. The EUR 40 million project involved entities incorporated in Russia, Ukraine, France, Czech Republic, Latvia, Kazakhstan, and Uzbekistan. Our lawyers’ main role was managing the assets owned by more than 30 of the client’s subsidiaries in the above countries and subsequently advising the client on potential beneficial ways of restructuring the group considering the global changes made to its cost allocation policy.

Having bank loyalty programmes exempted from being additionally taxed The firm’s lawyers represented one of America's largest finance corporations in a complex tax dispute that touched on various issues concerning the taxation of banking activity. The case was an important precedent for the entire banking sector. Pepeliaev Group’s lawyers managed to prove, before the Presidium of the Russian Supreme Commercial (‘Arbitration’) Court, that the fact of VIP clients receiving bonuses from banks does not generate taxable income. The decision that the Supreme Commercial Court issued in helped to protect banks’ loyalty programmes from being additionally taxed. Such disputes set important precedents for the entire banking sector.

Building a position on the disclosure of information concerning controlling parties Our Banking and Finance Practice’s team advised a large foreign investment fund. The project resulted in the formation of a position on the disclosure of information of controlling parties, beneficiaries, and beneficial owners with respect to investment in the financial sector.

Representing a bank in a dispute concerning consumer protection Pepeliaev Group’s lawyers represented a Russian subsidiary bank, part of a major international financial corporation, in the courts of the first instance and appeal in a series of interrelated disputes involving the protection of consumer rights in banking and financial services. We provided integrated support during the litigation, which encompassed a range of legal issues relating to consumer protection in the area of banking services. The case set an important precedent for the financial market as a whole.

Legal support to a client selling its subsidiary bank The practice’s lawyers represented Hellenic Bank PLC, a Cyprus bank, when it was selling its 100% stake in its Russian subsidiary LLC CB Hellenic Bank to several Russian-based investors.

Successfully representing a client who was a creditor in a bankruptcy case Pepeliaev Group’s lawyers successfully safeguarded the client's multi-million dollar interests as a creditor in a hostile environment (deliberate bankruptcy of the debtor). The task included: (i) contesting controlled monetary claims of creditors affiliated with the debtor, (ii) analysing counterclaims of an affiliated creditor, establishing the elements of a crime in the concerted actions of creditors and debtors and instituting criminal proceedings, (iii) ensuring that the interests of our clients were complied with in creditors' committees; (iv) interacting with the receivers; (v) establishing the rights of the clients to pledged real estate; (vi) preparing debtors' property to be sold at auction; and more.