Murat N. Akuyev’s practice focuses on corporate and financial transactions, particularly securities offerings, financings, joint ventures, mergers and acquisitions, and cross-border transactions involving businesses in Russia.

He has extensive experience in Russian regulatory matters, including antitrust and foreign strategic investments law matters.  He also engages actively in the dispute resolution practice.

Murat joined the firm in 1995 and became a partner in 2008. From 1996 to 1997, he was resident in the London office.

Notable Experience

M&A and Joint Ventures

  • Sergey Galitskiy in his pending sale of 29.1% in Magnit, one of Russia’s largest supermarket chains, to VTB Bank.

  • MegaFon, Russia’s second largest mobile telecommunications operator, in its $740 million acquisition of a 64 percent controlling stake in Mail.Ru Group, the internet and social media group, from USM Holdings, MegaFon’s controlling shareholder.

  • Rosneft in its $55 billion acquisition of TNK-BP from BP, and separately from AAR; its subsequent $4.25 billion tender offer to minority shareholders in OJSC TNK-BP Holding, followed by a “squeeze-out” of remaining minorities and delisting; and in separately its $500 million acquisition of five Russian and one Venezuelan oilfield drilling companies from Weatherford International plc, the NYSE-listed global oilfield services company.

  • TPS, a private Russian industrial group, in a JV with the Russian Government to consolidate their assets comprising the infrastructure of Sheremetievo, Russia’s largest airport.

  • Sovcomflot in establishing a 51/49 JV together with CGG to provide maritime geophysical exploration services, including 3D marine seismic  data services, primarily in the Russian Arctic.

  • MTS in the acquisition from MTS’ majority shareholder Sistema of 29 percent of the ordinary shares in Moscow City Telephone Network, the monopoly fixed-line provider in the City of Moscow, for $340 million.

  • RTI in a going-private transaction (tender offer, followed by a “squeeze-out”) to acquire the remaining 36.93 percent of JSC SITRONICS’ share capital increasing RTI’s total stake to 99.48 percent.

  • United Engine Corporation and its parent Oboronprom OPK OJSC in the purchase of blocking minority stakes in Russian engine developers and builders, Aviadvigatel OJSC, Perm Engine Company OJSC and Perm Motors Company OJSC from United Technologies Corporation, Pratt & Whitney Division.

  • Russian Helicopters and its parent company OJSC OPK Oboronprom in a joint venture with AgustaWestland S.p.A. for the final assembly and sale in Russia and CIS of a civil version of the AW139 helicopter.

  • KT Corporation and Summit Telecom Global Management, a subsidiary of Sumitomo Corporation, in their $420 million sale (via an auction and then a mandatory tender offer) to VimpelCom of a 99.99 percent stake in New Telephone Company (NTC), a leading mobile and fixed-line telephone operator and internet provider in the Russian far eastern Primorsk region.

  • Transmashholding in its sale of a 25 percent interest to Russian Railways and related joint venture agreement.

See More

Capital Markets

  • Magnit in the sale of approximately $750 million of its ordinary shares by means of an accelerated book build on the Moscow Exchange, with proceeds reinvested in the company’s shares.

  • Ministry of Finance of the Russian Federation in its $1.25 billion Reg S/Rule 144A reopening of its May 2016 issuance of bonds.

  • Sovcomflot in all of its Eurobond offerings in 2010, 2016 and 2017.

  • Ministry of Finance of the Russian Federation in connection with the issuance of US$1.75 billion of 4.75% bonds due 2026.

  • The Central Bank of Russia (CBR) and Sberbank in a $5.2 billion Reg S/Rule 144A secondary offering by CBR of Sberbank ordinary shares and global depositary receipts.

  • VTB Bank in its $20 billion Reg S/Rule 144A loan participation notes program.

  • Alfa Capital Markets, Credit Suisse and Renaissance Capital as underwriters in the $330 million Reg S/Rule 144A IPO of Ros Agro PLC (Rusagro) in the form of GDRs.

  • Mail.ru Group Limited, the Russian social networking site operator and investor in Facebook Inc., in its $912 million Reg S/Rule 144A IPO and London Stock Exchange listing.

  • Uralkali in its $1.07 billion IPO listed in London and Moscow.

  • Polymetal, as underwriters counsel, in its $605 million IPO listed in London and Moscow.

  • Rosneft in its $10.6 billion IPO listed in London and Moscow, the largest Russian IPO to date and the first concurrent international and Russian retail IPO.

  • Magnit, as underwriters counsel, in its $368 million domestic Russian IPO.

  • Mechel, as underwriters counsel, in its $334 million IPO listed on the NYSE.

  • Wimm-Bill-Dann, as underwriters counsel, in its $238 million IPO listed on the NYSE.

See More

Other Experience

  • Legendary Russian hockey player Danis Zaripov in a Court of Arbitration for Sport (CAS) settlement agreement between the International Ice Hockey Federation (IIHF) and Mr. Zaripov, permitting him to return to competitive playing.

  • Russian Paralympic Committee’s (RPC) consideration of appeal to CAS of the decision of the International Paralympic Committee (IPC) to suspend RPC’s membership with the IPC and related ban of Russian Paralympic athletes from the Rio Games.

  • Rosneft in the acquisition financing of a 50% stake in TNK-BP from BP plc in the form of two loan agreements for the total amount of $16.8 billion, as well as various bilateral and syndicated loan agreements prior to 2014.

  • Rosneft, as third party, in the Russian derivative litigation brought by a minority shareholder of TNK-BP Holding against BP plc and certain its affiliates.

  • Tatnefts in its attempt to recognize and enforce in Russia the $112 million arbitral award against Ukraine.

See More

Publications


Events

2014 – 2017

St. Petersburg International Economic Forum

2014 – 2017

St. Petersburg International Legal Forum