Elizaveta Turbina

Partner

T: +7 495 122 05 17
E: elizaveta.turbina@lecap.ru


Areas of expertise
  • international and domestic capital markets

  • securitisation

  • structured products

  • securities regulation

  • M&A

  • other corporate transactions

Experience

Elizaveta advises Russian and international banks, other financial institutional and corporate entities. Prior to joining LECAP, she spent over eight years with a Magic Circle international law firm focusing on equity and debt capital markets as well as M&A projects.

Elizaveta is a member of the Primary Market Committee of CJSC MICEX Stock Exchange. She also participates in the Securitisation Expert Committee of the Russian Central Bank.

Securitisation

Elizaveta advises originators and lead managers on domestic and cross-border securitisations of various asset classes originating from Russia (including mortgage, consumer and car loans, factoring receivables etc), including with placement of a foreign issuer’s bonds on the Russian stock exchange.

Her recent experience includes:

  • advising on securitisation of receivables arising from long-term services contract in transport and infrastructure sector

  • advising on RUB 4 billion issuance of Series 02 covered bonds by JSC "UniCredit Bank"

  • advising the arrangers on a cross border securitisation of an auto loan portfolio of VTB 24

  • advising Otkritie Bank on its debut Russian domestic securitisation of a residential mortgage loan portfolio

  • advising VTB 24 on its debut securitisation of a residential mortgage loan portfolio under the Russian domestic legislation on mortgage backed securities

  • advising Agency for Housing Mortgage Lending on their first Russian securitisations of residential mortgage loan portfolios

M&A and Corporate

Elizaveta's experience includes:

  • drafting operating agreement for an investment fund established and operating under Russian law on the basis of a Russian LLC

  • advising Russian and international businesses in relation to acquisition of Russian companies in a wide range of sectors (including, among others, retail, consumer electronics, production of food, fish catching, tobacco, electricity)

  • advising on set up and operation of joint ventures between international and Russian businesses in various sectors

  • advising Russian and international groups on Russian corporate reorganisations and various corporate law matters

Equity Capital Markets

Elizaveta's recent experience includes:

  • advising on RUB 32.4 billion IPO of shares of PJSC "RussNeft" on the Moscow Exchange – the first IPO of a Russian oil company in ten years

  • advising on RUB 11.7 billion IPO of shares of PJSC Financial Group Budushchee on the Moscow Exchange – the first IPO of shares of non-state pension funds in the history of Russian securities market

  • advising on RUB 3.274 billion IPO of shares of PJSC "Europlan" on the Moscow Exchange, as well as on subsequent RUB 15 billion SPO

  • advising on RUB 3.7 billion IPO of shares of PJSC "Novorossiysk Grain Plant" on the Moscow Exchange

  • advising on RUB 5 billion SPO of shares of PJSC "Research and Production Corporation "United Wagon Company" on the Moscow Exchange

  • advising Tinkoff Credit Systems Bank in connection with the IPO of GDRs of its sole shareholder, TCS Group Holding PLC

  • advising the lead managers in connection with the SPO of GDRs of Globaltrans

  • advising the lead managers in connection with the IPO and listing of shares and GDRs of Global Ports

  • advising the lead managers in connection with the IPO of Mostotrest

Debt Capital Markets

Elizaveta's recent experience includes:

  • advising on RUB 10 billion structured bonds issue. S&P Global Ratings assigned its 'BBp' credit rating to the issue

  • advising on restructuring of PJSC "Geotech Seismic Services" Series 01 bonds ("Restructuring of the Year", Cbonds Awards 2016)

  • providing legal support in relation to admission of bonds of a foreign issuer, SovCom Capital D.A.C., to public trading in the Russian Federation. The notes were intended for qualified investors only – which is a first example of such admission in the Russian market and experience of the Moscow Exchange

  • advising on registration of a debut exchange-traded bonds program by OJSC "Central SPC"

  • 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

  • restructuring of a number of corporate bond issuances (Series 13–14, Series 17–19 and Series 04) by PJSC "Mechel" 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")

  • providing legal support in relation to registration and placement of an up to RUB 40 billion exchange-traded bonds programme by ING BANK (EURASIA) JSC

  • advising on restructuring of two series of exchange-traded bonds by PJSC "Far Eastern Shipping Company"

Other

Elizaveta's experience includes:

  • providing advice and trainings on anti bribery matters to major Russian and international industry companies

  • advising foreign companies on setting up operations in Russia

  • advising Russian and international companies on various aspects of securities and others regulations

Education
  • International Law faculty of the Moscow State Institute for International Relations (MGIMO) (finance law, 2007)

Elizaveta speaks Russian, English, and German.

Publications


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