Tatiana Parshak

Partner

Tatiana is an experienced Russian-qualified lawyer who has worked on a broad range of finance and banking transactions, such as general secured and unsecured bilateral and syndicated lending, real estate finance, project finance, asset finance and capital markets transactions, including securitisations, DCM and derivatives-related matters.

Tatiana Parshak is recommended by Chambers Europe 2018 for Banking & Finance: “She provides detailed and accurate analysis and seems to have a real passion for the work she is doing”. Sources in Chambers Europe 2019 describe her as a "hard-working" lawyer who is "enjoyable to work with."

The Legal 500 2018 also praises Tatiana: “a professional and knowledgeable adviser who is highly recommended for sophisticated deals”.

Tatiana was selected by peers for inclusion in The Best Lawyers in Russia in 2016-2020 Editions in the field of Banking & Finance Law. 

Track record

Banking and finance transactions

  • Advising Petropavlovsk PLC in connection with an up to USD 240 m facility provided by Gazprombank to one IRC Limited’s (a company in which Petropavlovsk is the largest, albeit, minority shareholder) iron ore mining subsidiaries.
  • Advising International Investment Bank (IIB), a multilateral development bank mainly operating in Eastern Europe and Asia, on RUB 3,6 and RUB 6 bn multi-asset secured facilities for financing and refinancing the acquisition of regional passenger jets Let L-410 Turbolet, Bell, Ansat and Mi-8 helicopters with medical modules and BELAZ coal mining trucks. 
  • Advised a syndicate of the Eurasian Development Bank (EDB) and International Investment Bank (IIB) on a project finance transaction for construction of two hydro-power plants with a total capacity of 49.8 MW in the Republic of Karelia (Russia). The RUB 8.15 bn facility will be repaid in 12 years. This is also a pilot project in Russia for the New Development Bank set up by the BRICS countries, as the creditors have used its resources for funding. 
  • Advised Raven Property Group Limited on a RUB 2.8 bn acquisition of a completed and fully let warehouse of 64,375sqm in Nizhny Novgorod, Russia, together with 21.5ha of adjacent land, from a fund managed by Amstar, related escrow arrangements for financial closing and debt refinancing.
  • Advised Raven Property Group Limited on a RUB 6 bn acquisition of a portfolio of three high quality income producing properties in St Petersburg (a warehouse and two office buildings) from EPI Russia I Ky, a fund managed by Northern Horizon Capital, related financial closing, escrow and debt repayment arrangements.
  • Advised Raven Property Group on two Euro 80 secured facilities from VTB Germany for refinancing the acquisition of the “Gorigo” class A warehouse complex located near St Petersburg and for leveraging three class A office centres (Kellerman, Pervomayskaya Zarya and Konstanta) in St Petersburg. 
  • Advising DOM.RF, (formerly Agency for Housing Mortgage Lending, the state agency in the housing and mortgage sector aimed at implementing the state housing policy) on developing standard documentation for mortgage loans origination, underwriting, servicing and securitisation as well as on creating a new unified mortgage lending standard on the basis of international and Russian best practices.
  • Advising JSC INTER RAO UES on ECA-backed export credit facility (Hermes). 
  • Advising JSC INTER RAO UES on a loan agreement with the European Bank for Reconstruction and Development for a RUB9.6 billion convertible loan.
  • Advising Sheremetyevo International Airport on restructuring a USD 222 m syndicated loan arranged by international and Russian banks.
  • Advising GTLK Europe DAC on preparing a complex roadmap and advising on legal and tax structure for establishing a leasing platform in Hong Kong for aircraft and ship leasing under the concessionary aircraft leasing tax regime introduced in Hong Kong in the end of 2017. 
  • Advising Genser Group and their restructuring agent Sberbank Investment on complex restructuring of all external financial indebtedness of the Genser Group provided by the following banks: Sberbank, VTB, Promsvyazbank, Svyazbank, Bank Soyuz, Moscow Credit Bank, Bank Rossiyskiy Capital and Belgorodsotsbank. 
  • Advising Far East and Baikal Region Development Fund on a secured facility to a major coal mining group.
  • Advising International Investment Bank (IIB) as the lender under a EUR 40 m secured three-tranche facility to Lysvenskiy Metallurgical Plant (LMZ) in order to refinance the existing facilities from VTB and Sberbank.
  • Advising EBRD on debt restructuring of a major leasing company and on assignment of a facility agreement with a manufacturer of children’s products.
  • Advising a major Chinese development bank on allocating a USD 1.43 bn facility for financing a RUSAL Taishet Ltd. aluminum plant. 
  • Participated on the Association of Regional Banks “Rossiya” (“ASROS”) committee for developing a legal framework and preparing standard documentation for syndicated lending under Russian law.

Securitisation 

Advising on securitisation transactions, including:

  • Representing the Lead Arranger in the securitisation of KIT Finance mortgage portfolio, (KIT Ipoteka Limited).
  • Representing the Lead Arranger and Joint Bookrunners in the securitisation of KIT Finance mortgage portfolio, (Rumba S.A.).
  • Representing the originator (European Trust Bank) in the securitisation of its portfolio of mortgage certificates (ETB Mortgage Finance 1 S.A.). 
  • Representing the originator (KIT FInance) in the domestic securitisation of its mortgage portfolio.
  • Advising a major Russian bank on provision of synthetic structured guarantees by its parent bank and simultaneous risk-taking on a guaranteed portfolio by way of CLN/CDS acquisition for the purpose of complying with the mandatory standards established by the Central Bank of the Russian Federation.

Debt and Equity Capital Markets

  • Representing a major Russian mortgage lending corporation in connection with its debut Regulation S issue of loan participation notes.
  • Representing one of the major Russian natural monopoly in its debut Rule 144A and Regulation S issue of loan participation notes.
  • Representing ZAO Russian Standard Bank in connection with the update of its Rule 144A and Regulation S EMTN program.
  • Representing a leading Russian factoring company in connection with the Rule 144A and Regulation S Initial Public Offering.
  • Representing LSR Group in connection with the Rule 144A and Regulation S Initial Public Offering.
  • Representing Freight One JSC on its debut issuance and placement of RUB 40 bn domestic bonds.

Derivatives and regulatory

  • Negotiating derivatives master agreements: ISDA, GMRA, RISDA (Standard documentation for derivatives under Russian law), providing legal opinions and drafting memoranda with respect to derivative transactions with Russian and international counterparties.
  • Advising banks and professional participants of the securities market on the Central Bank of Russia and FSFM (ex-financial markets regulator currently merged with the Central Bank) regulatory matters.
  • Advising a major Swiss bank on placement of foreign securities and derivative financial instruments in Russia.
  • Advising a major Japanese bank on a cross-border derivatives project with respect to developing “mirror” master agreements under Russian law (RISDA) and English law (ISDA), developing template schedules and confirmations for hedging transactions.
  • Advising an international FMCG company on developing bespoke documentation for hedging currency exposure of its Russian units via cash-settled forward instruments to match the supply needs of the Russian units, including complex advising on cross-border regulatory and legal matters.
  • Advising a major transport hub on restructuring a syndicated facility involving restructuring the syndicate’s hedging arrangements and introducing new build-in derivative instruments dealing with FX and interest rate exposure of the facility agent.
  • Advising a major international bank on using credit derivatives.
  • Advising a major international bank on issuance and placement of CLNs with bonus and default options for structuring the repayment of nominal amount and increased coupons among Russian corporate and individual clients.
  • Advising a major Russian state bank on guarantee arrangements within the cross-border derivative transaction with a major Russian mining and steel company.
  • Advising a major automotive group of companies on banking and financial operations in Russia and providing a structure guarantee to parent companies for the purpose of delivering bank capital.