Bakers and Freshfields on hand for $2.9bn Russian energy JV
Baker & McKenzie and Freshfields Bruckhaus Deringer have landed the mandates on a major Russian energy deal which sees Novatek and Gazprom Neft jointly acquire a 60 per cent stake in Artic Russia for $2.94bn (£1.8bn).
January 21, 2014 at 07:20 AM
2 minute read
Baker & McKenzie and Freshfields Bruckhaus Deringer have landed the mandates on a major Russian energy deal which sees Novatek and Gazprom Neft jointly acquire a 60 per cent stake in Artic Russia for $2.94bn (£1.8bn).
Freshfields is acting for Italian client Eni, which previously owned the Artic Russia stake, while Bakers took the lead for Yamal Development, the 50-50 joint venture (JV) between Novatek and Gazprom Neft.
In December 2013, Bakers also acted for natural gas giant Novatek in its share swap with Rosneft, which saw Bakers' client acquire Rosneft's 40 per cent share in Artic Russia.
Bakers fielded a team of lawyers headed by Moscow partner Alexey Frolov, ad including London energy, mining and infrastructure head Hugh Stewart, Amsterdam partners Jeroen Hoekstra and John Paans and Moscow partner Sergei Voitishkin.
"This was a major cross-border deal," commented Frolov. "Our team demonstrated again its seamless work across jurisdictions and ability to structure and close a complicated transaction within a short timeframe."
Freshfields' team was led by Moscow oil and gas head and principal consultant Sergei Diyachenko, who previously advised Eni on its $1.5bn sale of a 51 per cent stake in SeverEnergia to Gazprom in 2009. A year later, Gazprom sold its stake to Yamal.
SeverEnergia, a Russian oil and gas company which holds the development and production licenses to a number of areas in the Russia's Northern Ural District.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
'Headaches,' Opportunities Ahead for Corporate and Trade Lawyers Advising Foreign Businesses
4 minute read
Simmons & Simmons Make Waves with 'Legal Personhood' Initiative for Whales
2 minute read
Trending Stories
- 1New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 2No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 3Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 4Meet the New President of NY's Association of Trial Court Jurists
- 5Lawyers' Phones Are Ringing: What Should Employers Do If ICE Raids Their Business?
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
