Maxim L. Izvekov’s practice focuses on corporate and financial transactions, particularly mergers and acquisitions, joint ventures and securities offerings, and cross-border transactions involving businesses in Russia.

He also has extensive experience in Russian regulatory matters, including antitrust and foreign strategic investments law matters.

Maxim joined the firm as an associate in 2006. Prior to joining Cleary Gottlieb, Maxim practiced as an in-house counsel with Lukoil Group in 2003-2004, as an associate in Russian law firm ALM-Feldmans in 2004 and as an associate with Lovells in 2005-2006.

Notable Experience


  • Tele2 in a joint venture with Altel, the mobile operator of the only 4G network in Kazakhstan, combining the operations of the third- and the fourth-largest mobile operators in Kazakhstan, and in the related purchase of Asianet’s 49 percent stake in Tele2 Kazakhstan.

  • Transmashholding (TMH), Russia’s largest manufacturer of locomotives and passenger rail cars, and some of its shareholders in the EUR 162.5 million sale of a 25 percent-plus-one stake in TMH by Russian Railways to TMH shareholders.

  • SIBUR in connection with Sinopec’s strategic partnership with SIBUR and acquisition of a 10 percent shareholding in the company, representing one of the largest Chinese investments ever made into a Russian business.

  • UTH Russia in its $200 million acquisition of the operating assets of CTC Media, Inc., a NASDAQ-listed company, including four broadcast television channels in Russia and one in Kazakhstan.

  • Rosneft in its $55 billion acquisition of TNK-BP, in the subsequent $4.25 billion tender offer, which was the largest in Russian history, and in the squeeze-out with regard to remaining minority shareholders.

  • Lafarge in the sale of its cement production units in the Urals region.

  • MegaFon in its $1.18 billion purchase of 100 percent of Scartel and Yota from Garsdale Investments, making MegaFon the leading 4G LTE operator in Russia.

  • Russian industrial group controlled by Iskander Makhmudov and Andrey Bokarev in its acquisition of a minority interest in Transoil Group, one of the leading Russian railway transportation companies for crude oil and petroleum products.

  • Transmashholding (TMH) in its sale of a 25 percent interest to Alstom SA and related joint venture, technology transfer and management support arrangements with Alstom.

  • Transmashholding (TMH) in several international and domestic joint ventures and in its successful bid to supply a new generation of cars for the Moscow metro.

See More

Capital Markets

  • MegaFon, Russia’s second-largest mobile telecommunications operator, in its $1.7 billion IPO on the London Stock Exchange and the Moscow Exchange.

  • Etalon Group, a leading Russian real estate developer specializing in large-scale residential complexes, in its $575 million IPO listed on the London Stock Exchange.

  • Kuzbasskaya Toplivnaya Company, one of Russia’s leading coal miners, in its $163 million domestic Russian IPO and international offering, admitted to trading on the RTS and MICEX.

  • The underwriters in the $605 million IPO of GDRs listed on the London Stock Exchange and shares listed on RTS and MICEX in Polymetal, world’s fifth-largest producer of silver, the largest primary silver producer globally and Russia’s third-largest producer of gold.

See More


  • Handling multiple FAS merger control and FSIL (foreign strategic approval) filings.

  • Appearing before the FAS in the context of investigations of collusion or “concerted actions” by market participants.

  • Advising clients on FAS cartel investigations.

  • Advising clients on compliance of various commercial arrangements with Russian competition law, such as horizontal/vertical agreements, rebates and discounts, and exclusivity and noncompete provisions.

See More