We provide a one-stop shop for Russia / CIS clients and their international legal requirements. Our lawyers have worked on projects across Russia, Kazakhstan, Ukraine, Uzbekistan, Turkmenistan, Kyrgyzstan, Moldova, Armenia and other CIS states.

Our Russia/CIS Group is dedicated to our clients in the region and comprises native speakers and qualified lawyers. We have an in-depth understanding of the issues and the way business is practiced in the region. Our team members have worked in the region for over 20 years and are widely recognised for their market leading expertise.

We advise on a wide range of inbound and outbound Russia/CIS related matters including M&A, corporate, finance, financial services, private equity fund formation and investment, commercial, litigation, arbitration, tax and energy and infrastructure projects. We focus on a number of sectors including oil & gas and natural resources, energy and infrastructure, telecoms, consumer goods/retail, industrials, healthcare and financial markets.

Being the largest international law firm headquartered in Asia, we also have a particular focus on Sino-Russian/CIS deals and projects.  We have capabilities to advise both Chinese clients in Russia/CIS and Russian/CIS clients in China on matters ranging from, for example, panda bond issuance to establishment of oil & gas joint ventures and construction of renewable energy projects.

Work highlights include advising: 

Corporate & M&A

  • Verny Capital in the sale to Glencore of a US$6 billion minority stake in Kazakhstani mining company, Kazzinc.
  • TNK BP on the sale of a 96.9 percent stake in Russian oil firm Udmurtneft to China’s Sinopec.
  • A US-Kazakh venture capital group in the acquisition of their interest in a major Kazakhstan oil and gas field.
    • Deutsche Bank in connection with a funds facility made available to KSE, UK, Inc. to support its recommended mandatory cash offer for Arsenal Holdings plc, the parent company of Arsenal Football
  • Kaz Munai Gas EP in the US $1.6 billion acquisition of Mangistau Munai Gas.
  • China Chengtong Holdings Group Ltd in the acquisition of a business park in Moscow.
  • Shanghai SK Petroleum Chemical Equipment Corporation in establishing a Sino-Russian joint venture in Russia.
  • VTB Bank in establishing a representative office in Shanghai.
  • Petrochina in the acquisition of an interest in PetroKazakhstan from China Petroleum Corporation.

Capital Markets

  • Telia Sonera, as selling shareholder on the US$11 billion initial public offering of Megafon and listing on the London Stock Exchange.
  • MD Medical Group Investments Plc, the Russian private medical group, on its listing of GDRs on the London Stock Exchange.
  • Plaza Centers N.V., a company with a premium listing on the London Stock Exchange and a listing on the Warsaw Stock Exchange, on its restructuring, rights offering and its listing on the Tel Aviv Stock Exchange.
  • AFI Development PLC, on its US$1.4 billion IPO on the London Stock Exchange which at the time was the fifth largest real estate IPO globally.


  • Republic of Kazakhstan on the update of its US $10 billion Global MTN Programme and on the issuance thereunder of EUR 525 million 1.55% Notes due 2023 and EUR 525 million 2.375% Notes due 2028, under Rule 144A/Regulation S with the listing on the London Stock Exchange.
  • China Development Bank in relation to a financial guarantee for a US $1.5 billion petrochemical project in Kazakhstan.
  • China Development Bank in relation to project financing for the China-Kyrgyzstan-Uzbekistan highway project.
  • China Development Bank in relation to two loans of US $3.9 billion and US $4 billion for a petrochemical project and an LNG project in Uzbekistan.

Projects & Energy

  • Sinomec Group in its investment in and construction of a hydro power plant in Russia.
  • Sinomec Group in connection with an EPCM contract for the construction of a potash mining project in Belarus.
  • A Chinese SOE in connection with an EPC contract for the construction of agricultural facilities in Central Russia.
  • A Chinese power equipment manufacturing company in connection with the potential acquisition of a project company from a French investor and construction of a wind farm project in Ukraine.
  • A Chinese SOE in connection with an EPC contract for the construction of a wind farm in Kazakhstan.
  • A major Chinese state-owned infrastructure company in connection with the potential formation of a joint venture with a Russian construction company, investment in and construction of a bridge project in Siberia under a concession agreement.
  • A Chinese state-owned steel producer acting as an EPC contractor in connection with the construction/reconstruction of three processing plants in Russia.

Commercial Disputes

  • Russian businessman Mikhail Abyzov and his corporate group in a US $1 billion claim in the BVI courts against Viktor Vekselberg and Renova Group arising out of a joint venture agreement in the energy sector.
  • Naftogaz Ukrayiny, Ukraine’s national petroleum company, against several entities controlled by Ukrainian oligarch Igor Kolomoyski and his associates, in LCIA proceedings in a shareholder dispute relating to Ukrnafta, Ukraine’s largest oil producer majority-owned by Naftogaz.
  • A shareholder in a dispute regarding a Kazakhstan gold mining venture, between Goldquest Services Inc (BVI) and Hong Kong-registered Ji’an Resources Investment Ltd (HKG).
  • Defending a major Russian telecoms group against the enforcement of an US $220 million LCIA award.

Investment Arbitration

  • Ukraine in obtaining a positive award in US $270 million arbitration proceedings brought by LSE-listed oil and gas company JKX under the UK-Ukraine BIT, Netherlands-Ukraine BIT and Energy Charter Treaty, which alleged unlawful imposition of tax measures.
  • Ukraine in securing a dismissal of the entire US $137 million ICSID expropriation claim against Ukraine in connection with a real estate project in the historic centre of Kiev.
  • The Kyrgyz Republic in successful set aside proceedings in respect of an UNCITRAL award which awarded sole shareholder in Manas Bank US $16.5 million for the alleged expropriation of the bank.
  • The Kyrgyz Republic before the CIS Economic Court in a regional multilateral investment treaty interpretation case. The court sided with the Kyrgyz Republic on its interpretation of the treaty and the decision was ranked by Global Arbitration Review among ten “most important decisions of 2014” globally.
  • The Kyrgyz Republic in achieving withdrawal of several investor claims against the Kyrgyz Republic, ranging between US $17 - 500 million, in relation to ‘expropriation’ of its largest commercial bank, AsiaUniversal Bank.
"With their ability to think outside the box and push each deal forward, we regard this firm as a real alternative to the magic circle. "

Chambers and Partners

Key Contacts

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