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 2020 and Chambers Global 2020 for Banking & Finance, where sources note: "She is the driving force behind the deals. She's very responsive and dedicated." Sources in Chambers Europe 2019 described her as a "hard-working" lawyer who is "enjoyable to work with."
The Legal 500 2020 also recommends Tatiana for Banking & Finance, as well as for Transport.
Tatiana was selected by peers for inclusion in The Best Lawyers in Russia in 2016-2021 Editions in the fields of Banking & Finance Law, and most recently for Asset Finance Law and Capital Markets Law.
Banking and finance transactions
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 coal deposits), involving amendments of the finance and security documentation and a 10-year extension of the debt maturity worth approx. USD 6 bn.
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 Sovcombank on the acquisition of SOVEST consumer lending business from QIWI plc (NASDAQ: QIWI), a leading provider of next generation payment and financial services in Russia and the CIS.
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.
Advising Genser Group and their restructuring agent Sberbank Investment on complex restructuring of all external financial indebtedness of the Genser Group worth RUB 12 bn 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 Kolmar Group’s in respect of developing the Inaglinsky coal deposit.
Advising A1 on the secured financing to, and acquisition of the controlling stake in Rusbioalliance Group, a major Russian producer of berries and fruit preserves.
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.
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 EUR 80 m 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 JSC INTER RAO UES on EUR 80 m 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 China Development Bank Corporation on a 400 m USD facility in connection with developing the Ekibastuz hydropower plant and an 800 m USD facility for restructuring and developing JSC SLAVA plant.
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 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, Debt and Equity Capital Markets
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.
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.
Representing ZAO Russian Standard Bank in connection with the update of its Rule 144A and Regulation S EMTN program.
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 and advising banks and professional participants of the securities market on the Central Bank of Russia securities and derivatives regulatory matters.
Advising a major Japanese international financial organisation 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 Sheremetyevo International Airport on restructuring a syndicated facility involving restructuring the syndicate’s hedging arrangements and introducing new built-in derivative instruments dealing with FX and interest rate exposure of the facility agent.
Advising VTB Austria on guarantee arrangements within the cross-border derivative transaction with a major Russian mining and steel company.
Advising Raven Property Group on a number of derivatives matters, including negotiating the ISDA-based derivatives documentation and applicable EMIR regulations.
Advising an international FMCG corporation 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.
Advising a major Russian gold mining company on negotiating Russian law derivatives documentation (RISDA) with Gazprombank for the purposes of hedging its export trading currency exposure.
Advising a Russian metallurgical plant on negotiating Russian law derivatives documentation (RISDA) with Sberbank and VTB.
Advising the shareholders on establishing a currency derivatives trading platform to act as an intermediary between Russian mid-cap companies and major Russian banks. Our engagement included preparing a set of ad-hoc standard documentation for currency derivative transactions based on RISDA and ISDA standard documentation.