Vyacheslav Khorovskiy

Banking transactions and regulatory

Regulatory

• Advising a major Russian state owned bank in relation to banking regulatory and compliance rules in Ukraine, Kazakhstan, Turkey and CEE
• Advising several banking clients on EU and US sanctions in relation to certain Russian corporates and Russian banking sector
• Advising several international and local clients in relation to collectors activities in Russia
• Advising several micro-finance companies on relevant regulatory rules, standard documentation and debt recovery

Lending

• Acting for a UK banking subsidiary of a Russian state owned bank in relation to USD 100 million and USD 130 million unsecured loans to a Russian electricity exporter
• Acting for a US automobile manufacturer on a RUR 3 billion revolving facility to its Russian subsidiary secured with pledges over vehicles and assignment of receivables under sales contracts
• Acting for a Russian electricity exporter in relation to USD 74 million term loan facility from an international bank to finance acquisition of power infrastructure in Georgia
• Acting for a state controlled bank in relation to RUR 3,5 billion credit facilities to finance acquisition of a stake in a Russian construction company from Moscow City Government

Syndications

• Acting for a leading Russian state controlled bank on a RUR 1 billion syndicated loan facility for Republic Sakha (Yakutia) secured with receivables (1st syndicated loan to a Russian federal subject)
• Acting for a leading Russian state controlled bank on a RUR 700 million syndicated facility to Novosibirsk (1st Russian syndicated loan to a Russian municipality)
• Acting for a UK subsidiary of a Russian state owned bank on a USD 150 million syndicated secured facility to a Russian airline secured with aircraft mortgages and corporate guarantee
• Advising a syndicate of Russian state controlled banks on RUB 2,5 billion guaranteed and secured credit facility for a Russian manufacturing group Project finance
• Acting for an international financial institution an international financial institution on a USD 100 million project finance transaction in the Republic of Belarus
• Acting for a syndicate of foreign banks in relation to EUR 100 million receivables purchase facility for a Hungarian borrower to finance construction of a sports infrastructure in Lipetsk

Property Finance

• Advising a Swedish bank and its Russian subsidiary in relation to a USD 427 million facility to a Cypriot borrower secured with mortgage over a large shopping centre in Moscow and pledges of different types of Russian assets
• Acting for a Russian subsidiary of a leading Austrian bank in relation to a USD 65 million loan to a Russian corporate borrower secured with mortgage over a large shopping centre in Moscow and lease rights in relation to land plots
• Acting for a Hungarian bank and its Russian subsidiary in relation to a USD 77 million property finance transaction in Krasnodar
• Acting for an international banking group in relation to USD 80 million facility to 2 Russian borrowers from an international development group secured with mortgages over commercial properties in Moscow region, share pledges and corporate guarantees
• Acting for an international development company on a EUR 50 million property finance transaction in Moscow region with a Russian state controlled bank

Asset finance, aviation and shipping

• Advising offshore leasing companies on lease of aircraft to Russian airlines
• Acting for Russian airlines on lease of aircraft from offshore leasing companies
• Acting for a major Western aircraft financier on repossession of aircraft from a Russian airline
• Acting for an international financial institution on a EUR 25 million shipping financing facility to finance acquisition of vessels by a Romanian company

Debt capital markets and derivatives

• Acting for a leading Russian state controlled bank in respect of a USD 56 million issue of LPNs for the purposes of funding a loan to a Russian travel and hotel business
• Acting for a leading Russian state controlled bank in respect of 2 issues (RUR 8,8 billion and USD1 48 million) of LPNs for the purposes of funding loans to a Russian leasing company secured withassignment of lease payments and pledge over  leased assets
• Advising a leading Russian bank on a RUR 5,3 billion repackaging of promissory notes issued by a Russian natural monopoly
• Acting for international clients negotiating RISDA documentation with Russian banks 

Restructuring, Transactions with Distressed Assets and Insolvency

• Acting for a UK bank on restructuring of its debt and equity exposure to a Russian pharmaceutical company and a USD 110 million secured and guaranteed facility to the same borrower
• Acting for an international financial organisation on restructuring of a USD 100 million facility to a Russian leasing company including due diligence of a new borrower, transfer of the distressed debt and all charged assets to another Russian leasing company
• Acting for a Russian licensed subsidiary of a European bank on restructuring of USD 70 million facilities to a Russian leasing company including transfer of the distressed debt and all charged assets to another Russian leasing company
• Advising a leading Russian state controlled bank on USD 116 million term loan facilities for a Dutch borrower to finance acquisition of offshore holding companies controlling certain Russian distressed commercial properties and refinance defaulted facilities advanced to the same group of obligors
• Advising a leading Russian state controlled bank on acquisition of various distresses assets including secured and unsecured loans to Russian borrowers for up to USD 750 million
• Acting for several Western clients in relation to insolvency proceedings in Russian banks and corporates and successfully protecting claims of the clients in such proceedings

Debt recovery, dispute resolution and arbitration

• Acting for a leading Russian state controlled bank on arbitration proceedings at LCIA initiated under a SWAP transaction with a UK financial institution in relation to a USD 34 million guaranteed facility to a Russian telecom group
• Representing a major Japanese trading house in respect of USD 14 million debt recovery from a large wood producer based in the Far East, acting in the bankruptcy proceedings in relation to the Russian counterparty, dispute with the bankruptcy manager and advice on the applicable Russian insolvency laws and representation in courts
• Acting for a major Japanese trading house in relation to its claims under a USD 7 million outstanding bill of exchange accepted by a state owned enterprise, obtaining and enforcement of the execution orderActing for a major Japanese trading house in relation to a claim of USD 5 million under a supply contract against an insolvent Russian entity and in relation to insolvency proceedings, including dispute with insolvency manager of the Russian entity
• Acting for a UK retailer in relation to a claim of GBP 5 million against its insolvent Russian franchisee and related insolvency proceedings, including a dispute with another creditor of the Russian entity