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Editorial: Construction & Real Estate In The CIS

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  • Editorial: Construction & Real Estate In The CIS

    EDITORIAL: CONSTRUCTION & REAL ESTATE IN THE CIS

    Who's Who Legal
    Jan 15 2010

    The property market in the CIS has seen a drop-off in transactional
    work over the past year, and the lawyers we consulted are finding
    their restructuring and advisory skills are increasingly in demand. We
    feature 31 lawyers from seven jurisdictions in this chapter, which
    combines lawyers with construction and real estate backgrounds.

    Salans is represented by three lawyers in this section, including Tim
    Stubbs who is the firm's head of banking and finance in Russia. Stubbs
    has advised clients in property development and reconstruction
    projects and the negotiation of construction loans and was described
    as "top-flight" by respondents. Ophelia Abdullayeva and Vagif Ahmadov
    are both listed from the Baku office.

    Baker & McKenzie - CIS Limited is similarly well represented.

    Konstantine Kouzine is a former real estate equity partner with
    PricewaterhouseCoopers' CIS law offices and focuses his practice on
    private equity, real estate funds and property leasing throughout
    Russia. The "excellent" Maxim Kalinin is managing partner of the
    firm's St Petersburg office and is recognised for his work in real
    estate, power and transport infrastructure projects. Natik Mamedov
    in Azerbaijan specialises in real estate sales and finance as well
    as hotels, resorts and tourism.

    Clifford Chance LLP and DLA Piper LLP are also among the major
    international law firms with a formidable regional presence in this
    area. Clifford Chance CIS Limited fields Marc Bartholomy from its
    Moscow office while Jared Grubb stands out in Kiev. Sergey Koltchin
    heads the real estate and construction practice in the Moscow office
    of DLA Piper and is recognised for his work with land ownership rights
    and construction and infrastructure issues as well as FDI projects
    in Moscow and the Urals. Natalia Kochergina is based in Kiev and has
    recently advised AREA (Apollo Real Estate Advisors) and 1849 PLC.

    Equally prominent are Goltsblat BLP and Turcan & Turcan, both of whom
    are headquartered in the region. The "well-known" Elena Barinova
    of Goltsblat has extensive experience of domestic and cross-border
    property finance transactions as well as the privatisation of
    state-owned real estate property, including brownfield and greenfield
    sites. Vitaly Mozharowski also at the firm's Moscow office joins
    Barinova on our list and is "highly regarded" for his investment,
    project finance and due diligence work in real estate and construction
    transactions. Moldova-based firm Turcan & Turcan fields managing
    partner and "leading light" Alexander Turcan in this chapter alongside
    Octavian Cazac.

    Eric Michailov heads the corporate and M&A practice at the
    Moscow office of White & Case LLC and is given "top marks" for his
    representative work on behalf of investment funds and international
    companies pursuing real estate M&A projects in Russia. At Linklaters
    CIS, Xavier Hunter is also highly regarded for his work with real
    estate transactions.

    Belarus firm Vlasova Mikhel & Partners benefits from the inclusion of
    managing partner Konstantin Mikhel in this section. Mikhel is a member
    of the foreign investment advisory council to government ministers and
    is recommended for his transactional and restructuring knowledge. Also
    based in Minsk is Alexander Stepanovski of Stepanovski Papakul and
    Partners Ltd, who specialises in investment and construction as well
    as disputes between building companies.

    In Ukraine, Timur Bondaryev at Arzinger is "excellent" and Ulan
    Tilenbaev at Kalikova & Associates is similarly highly regarded. The
    outstanding Alexander Botian and Vassili Salei are listed from
    Borovtsov & Salei in Belarus, while Kiryl Apanasevich and Dennis
    Turovets are recognised for their high-quality work at Sorainen and
    Magisters respectively. Armenia's David Sargsyan from Ameria Legal
    Practice is another local leader and in Azerbaijan Ismail Askerov
    stands out for his work at MGB Law Offices.

    http://www.whoswholegal.com/news/analysi s/article/19721/editorial-construction-real-estate -cis/
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