Evgeniya Shirugina

Associate, Banking and Finance

Evgeniya is an Associate in the Banking & Finance Practice, specialising in various types of financing transactions.

Evgeniya’s experience includes advising Russian and international companies on various legal matters, including raising finance, debt restructuring and refinancing, and corporate finance mandates.

Projects

Financial and banking deals

  • Acting for Sberbank Investments as lender of a USD 10 m (approx.) loan to a major leasing company for refinancing its existing loans.
  • Advising Sberbank Investments on circa USD 80m financing of a landmark real estate development in Moscow.
  • Advising Sberbank Investments on financial aspects of acquiring 50% in Mayak and Prima building a five-star hotel and deluxe apartments at the Fairmont & Vesper residential complex and the premium-class Lucky Residential Quarter.
  • Advising Mechel Group on restructuring its debt to Gazprombank and VTB in connection with sale of Elga Coal Complex (one of the world’s largest coking coal deposits), involving amendment of the finance and security documentation and a 10-year extension of the debt maturity of the USD 6 bn loan facilities.
  • Advising a major Russian bank as lender under shipping finance arrangements relating to acquisition by a major coal producer of maritime vessels, including four barges and a bulk carrier (coordination of the local counsels in respect of sellers’ capacity check, as well as English law advice on the transaction documents and advice on deregistration of the maritime vessels from Liberia and their registration in Russia)
  • Advising a major Russian renewable energy operator as originator on its debut issue of structured solar bonds to refinance its existing facilities and to finance development of its future renewable energy projects.
  • Advising Sberbank Investments on mezzanine financing provided to Ultramar Terminal for construction of a new sea terminal on Ust-Luga Bay, on subsequent equity investment by a new project sponsor, as well as on Sberbank-provided financing for this project.
  • Advising Petropavlovsk PLC in connection with an up to USD 240 m facility provided by Gazprombank to one of IRC Limited’s iron ore mining subsidiaries (a company in which Petropavlovsk is the biggest, albeit a minority shareholder).
  • Advising the Far East Development Fund on a RUB 2 bn facility for financing construction of Khabarovsk Airport (Novy) and related inter-creditor arrangements between the Far East Development Fund and Vnesheconombank, as well as on further investment by a new project sponsor.
  • Advising Gett on its USD 100 m financing from Sberbank, as well as on some subsequent debt and equity investment rounds.
  • 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 DOM.RF, (formerly Agency for Housing Mortgage Lending, the state agency in the housing and mortgage sector for implementing the state housing policy) on developing standard documentation for mortgage loan 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 an international investment bank in relation to investigations into its currency market transactions (both internal investigations and investigations led by government regulatory agencies).

Currency market advice

  • Advising an international financial institution on investigations into its currency market transactions (both internal investigations and investigations led by regulatory agencies).

Aviation finance deals

  • Advising an international leasing company on purchase of a Bombardier Q400 aircraft from a Russian leasing company and subsequent assignment of the lease for the aircraft between the leasing company and a Kenyan low-cost airline.

Sanctions advice

  • Advised Rosselkhozbank on application of the US and EU sanctions.