Lira Pogodina

Associate, Banking and Finance

Lira is an Associate in the Banking & Finance Practice focusing on various types of debt finance and aviation finance. She has experience in advising Russian and international companies on diverse legal matters: corporate, project and real estate finance, and construction matters. Lira has also participated in aviation finance and leasing projects.

Projects

Financial and banking deals

  • 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 the Eurasian Development Bank and International Investment Bank on a RUB 8.15 bn syndicated facility for financing construction of two small-scale hydro-power plants in the Republic of Karelia (Russia).
  • Acting for Sberbank Investments as the lender of a USD 10 m (approx.) loan to a major leasing company for refinancing of its existing loans.
  • Advising Mechel Group on restructuring of its indebtedness to Gazprombank and VTB in connection with the 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 Sberbank Investments on circa USD 75 m facilities for recapitalisation of infrastructure and IT investments of Baring Vostok funds.
  • Advising a concessionaire as the borrower under ca. RUB 11.5 bn financing to be provided by a syndicate of Russian banks for completing construction of a highway in a Russian region.
  • 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 Sberbank Investments on circa USD 80m financing of a landmark real estate development in Moscow.
  • Acted for Vnesheconombank (VEB) on restructuring of a USD 50 m financing and circa USD 30 m subordinated financing provided for film production, and also on structuring of an enforcement plan to be implemented by VEB.
  • 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.
  • Advising the European Bank for Reconstruction and Development (EBRD) on restructuring a USD 30 m convertible loan to a major international software vendor, including debt-to-equity swap arrangements, as well as on contentious matters involving filing for and managing bankruptcies of Russian asset companies within the vendor’s group.
  • Advised International Investment Bank (IIB) as the lender under a EUR 40 m secured three-tranche facility to Lysvenskiy Metallurgical Plant (LMZ) for refinancing the existing facilities from VTB and Sberbank.
  • Advice to Raven Russia on several banking and finance transactions under Russian and foreign law, particularly ones related to financing and refinancing of warehouse facility acquisitions in Russia (Russian, English, Cyprus and Guernsey law).

Aviation finance deals

  • Advising major Singaporean leasing companies on purchase and lease novation of two A321-200 Aircraft on lease to a major airline in Russia.
  • Advised International Investment Bank (IIB), a multilateral development bank mainly operating in Eastern Europe and Asia, on multi-asset secured facilities to GTLK, a leading company on the Russian leasing market, for financing and refinancing acquisition of Let L-410 Turbolet regional passenger jets,Bell, Ansat and Mi-8 helicopters with medical modules and BELAZ coal mining trucks.
  • Advising a Chinese state bank on financing of five A320/321 Airbuses leased by SkyCo International Financial Leasing to a major Russian airline.
  • Assisting GTLK Europe DAC in preparing a comprehensive roadmap and advising on the legal structures for establishing a leasing platform for aircraft and ship leasing in Hong Kong.
  • Advised a Singapore lessor on long-term leasing of two CFM56 aircraft engines to a Russian airline.

Sanctions advice

  • Advising several international financial institutions on marketing their financial services to Russian customers and related legislative restrictions.
  • Advised Rosselkhozbank on application of the US and EU sanctions.
  • Advising a Russian bank and its shareholders on US sanctions implications for potential equity investment by a Russian sanctioned state-owned entity.

Currency market advice

  • Advising an international financial institution on internal investigations into its currency market transactions.