Who we are
We specialise in the Russian capital markets, project finance, PPP and project management in these areas.
Who we are
  • We are specifically recognized for our work at the intersection of law and finance. We believe that one is meaningless without the other, and vice versa. For instance, in project finance and PPP, we provide financial modelling of the project, based on our significant experience in implementing tariff projects.
  • We use design thinking in drafting texts, documents, and presentations.
  • We love the scientific approach and fundamental research.
  • The human environment is important to us — both within the team and around it. We prioritize human-centred projects with maximum social value, combined with the personal development of our team members.
  • We monitor market developments, analyze them, and help build up the internal financial markets system to meet the highest expectations and demands: work out the “game rules” for innovative products, raise quality standards, and establish a dialogue between market participants. We love to anticipate events and create trends, and we are not afraid to take on the responsibility of being a pioneer. We invest our time in ideas before they become products.
Awards
Best DCM Law Firm for nine years in a row — 2012-2020
Cbonds Awards
Prospective Instrument 2019
Those who Awards by SRO NFA
Restructuring of the Year 2015 and 2016, Best Foreign Issuer Deal 2017, Debut of the Year 2019, Best High-Yield Placement 2020
Cbonds Awards
Recognized by the leading Russian and international legal rankings
Chambers Europe, IFLR1000, The Legal 500, Pravo-300, Kommersant
Best Russian Law Firm in the Private Equity Industry 2014
PREQVECA Awards
Statistics
400+
bond issuances, including 25+ debt restructurings, 10+ SPV/SOPF projects, 2 concession bond issuances
200+
share issuances
78
PPP projects, including 17 concession agreements
55+
M&A and reorganisations, including 10+ squeeze-outs
1 mascot – Javi
Client testimonials
“I was very comfortable working with them,” a client reports, citing strong expertise and good service.
Chambers Europe 2020: Capital Markets
LECAP Law Firm is praised for its “exceptional expertise in PPP” projects and its “accurate and commercially sound advice.”
The Legal 500 2019: PPP
Clients note the diligence of the team. “We’ve been very satisfied with their work,” a client says, adding: “They’re very good, very methodical; they prepare a plan and follow it to the letter.”
Chambers Europe 2020: Corporate/M&A: Mid-Market
“Knowledgeable and creative lawyers.”
IFLR1000 2020: M&A

Проекты и новости

12 March 2021
23 June 2020
25 December 2020


LECAP Lab
We believe our expertise should benefit the whole society. Therefore, together with MGIMO University, we have created a laboratory for research and analytics in the field of financial markets, PPP and project management.
We have combined MGIMO (U) resources, information base and connections with LECAP practical experience, understanding of market demands and client base
We produce reports on market practice, judicial practice, and scientific works in Russia and abroad, as well as methodology for the development of financial and PPP industries
We write clearly and use modern information design to make scientific papers interesting to a wide audience.
SPAC: to be or not to be?
21 December 2020
In 2020, private fast-growing companies had serious funding needs, and the market "remembered" about the simplified mechanism for turning a private company into a public one through the placement of shares in SPAC (special purpose acquisition company), followed by a merger with the target operating company.
Dmitri Rumyantsev
Michael Malinovskiy
New rules for bond restructuring
17 November 2020
В июле 2020 года Банк России опубликовал доклад «О концептуальных подходах к регулированию вопросов обеспечения прав владельцев облигаций». Делимся нашими мыслями.
LECAP Lab
Securitisation in Russia — 2020
18 March 2020
This country-specific Q&A provides an overview of securitisation laws and regulations applicable in Russia.
Michael Malinovskiy
The Legal 500 Country Comparative Guides
The Law on Emission Simplification and New Emission Standards: what to pay attention to
13 March 2020
The main innovations in the details: the decision on the issue and the terms of the placement, the prospectus and the notification of the preparation of the prospectus, the issue of shares: the main and additional issue, the issue of bonds: the program and amendments to the documentation.
Interview: The most important events in the Russian debt capital market in 2019
25 November 2019
Michael Malinovskiy, LECAP Partner, and Dmitry Rumyantsev, Director of Legal Capital Investor Services shared with Cbonds Review their version of the most important events of 2019 in the Russian debt market from the point of view of practicing lawyers, and also outlined the key legislative innovations that will affect the market in 2020.
Michael Malinovskiy
Dmitri Rumyantsev
Securitisation in Russia — 2019
14 June 2019
A detailed Q&A covering common issues in securitisation laws and regulations – including receivables contracts, receivables purchase agreements, asset sales, security issues, insolvency laws, special rules, regulatory issues and taxation.
Michael Malinovskiy
International Comparative Legal Guide
Securities Finance — Russia
04 June 2019
A broad overview of the practice and regulations of securities in Russia, including the general procedures for the public and private offering of securities, settlement procedure, underwriting agreement, as well as other practical and regulatory issues.
Lexology
High-Yield Debt in Russia
15 May 2019
Overview of the Russian High-Yield Debt market, its participants, regulation, guarantees and securities, documentation terms, debt seniority and intercreditor arrangements
Lexology Getting the deal through
Rules of evidence (including cross-border evidence) in civil proceedings Q&A: Russian Federation
31 July 2018

This Q&A provides an overview of the rules of evidence in civil proceedings, including rules on the disclosure obligations of the parties, admissibility of evidence, witness evidence, the standard of proof, as well as issues that arise in gathering cross-border evidence.


Thomson Reuters
Securitisation in Russia — 2018
04 June 2018
A detailed Q&A covering common issues in securitisation laws and regulations – including receivables contracts, receivables purchase agreements, asset sales, security issues, insolvency laws, special rules, regulatory issues and taxation.
Michael Malinovskiy
International Comparative Legal Guide
Securitisation in Russia — 2017
06 June 2017
A detailed Q&A covering common issues in securitisation laws and regulations – including receivables contracts, receivables purchase agreements, asset sales, security issues, insolvency laws, special rules, regulatory issues and taxation.
Michael Malinovskiy
International Comparative Legal Guide
Securitisation in Russia — 2016
06 June 2016
A detailed Q&A covering common issues in securitisation laws and regulations – including receivables contracts, receivables purchase agreements, asset sales, security issues, insolvency laws, special rules, regulatory issues and taxation.
Michael Malinovskiy
International Comparative Legal Guide