We are the first law firm to focus on Russian capital markets as a primary area of expertise.

As part of working on a project, we work closely with all parties engaged in securities transactions, including regulatory authorities, investment banks, institutional investors, issuers, professional participants, advisors. We use information accumulated in the process of such cooperation to develop pioneering financing techniques, and our active involvement in crafting legal environment enables us to incorporate them into the Russian market practice. Market development is our priority – we strive to create a more advanced regulatory framework shaped around international best practices along with the demands of all of the market participants.

We draw upon our in-depth knowledge of rating agencies’ methodologies to provide efficient structuring solutions utilising Russian or foreign law and ensure the assignment of target rating to securities issues. Our legal opinions are applied by all three leading international credit rating agencies (Moody's, Fitch, and S&P) as well as national Russian agencies.

We have developed strong ties with the Moscow Exchange and the Bank of Russia which enables us to act as listing agent and navigate our clients through every step of the listing process.

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Best DCM Law Firm

For six years in a row (2012–2017) LECAP was awarded Best DCM Law Firm by Cbonds, a leading Russian financial news agency. The award was based on the survey of market professionals conducted by Cbonds within the framework of the Russian Bond Congress


Fixed income
Share offerings
Structured debt
Securitisation
Debt restructuring
Regulatory
OUR EXPERIENCE
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POLYUS

Advising on USD 879 million SPO of shares on the Moscow Exchange



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LOCOTECH SERVICE

Advising on securitisation of receivables arising from the services rendered under a long-term locomotive maintenance services agreement between the originator (TMH Service LLC) and its customer — the first Russian law regulated securitisation of receivables due from a single debtor



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KTZ FINANCE

Advising KTZ on the debut Russian bond issuance of KTZ's SPV (KTZ Finance LLC) secured by a suretyship from KTZ — it is the first parallel placement of Russian corporate bonds in two jurisdictions and a landmark deal that paves the way to the Russian market for other CIS issuers looking for a new platform for raising debt capital


"Best Foreign Issuer Deal", Cbonds Awards 2017

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GLOBALTRUCK MANAGEMENT

Advising on RUB 3.5 billion IPO of shares on the Moscow Exchange



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AVTOVAZ

Advising on RUB 26.1 billion public share offering


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GEOTECH SEISMIC SERVICES

Full legal support in relation to restructuring of Series 01 bonds


"Restructuring of the Year", Cbonds Awards 2016

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ING BANK (EURASIA) JSC

Legal support in relation to registration and placement of three floating rate bond programs and two exchange-traded bond programs for a total amount of up to RUB 120 billion


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MECHEL

Full legal support in relation to restructuring of Series 13-14, 17-19 and 04 bonds for a total amount of RUB 30 billion, including assistance in holding the general meetings of bondholders

"Restructuring of the Year", Cbonds Awards 2015 — "Mechel, 13"

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INTERNATIONAL FINANCE CORPORATION

Advising on the buyback of Series 03 bonds issued in Russia by the IFC, including structuring down payment and calculation of additional interest linked to a complex formula targeting Russian inflation rate


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UNICREDIT BANK

Advising on issuance of RUB 4 billion Series 02 covered bonds



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RUSSIAN RAILWAYS

Legal support in relation to placements of additional common shares and placement of preference shares issued by OJSC "Russian Railways" for a total amount of RUB 125 billion as part of funding of the reconstruction of Baikal-Amur Mainline and Trans-Siberian Railway