On December 17, 2014 URALSIB OJSC announced the successful closing of another securitization of mortgage assets. The legal support of the said transaction, as well as of the two previous ones, was ensured by the Banking&Finance and Capital Markets Practice team of EPAM.
On December 17, 2014 Sberbank Group announced a successful completion of the inaugural securitization of mortgage assets supported by the associates of Banking & Financial, Capital Markets practice team of EPAM. This is an important transaction for the Russia’s securitization market and an encouraging example of mortgage securitization for the banking sector.
The litigation team of EPAM have successfully defended the interests of OAO Transammiak in a litigation with Minudobreniya JSC.
On December 12, 2014, Absolut Bank announced the successful completion of a unique securitisation of mortgage assets, under which the senior bonds were rated as investment grade by international agencies Moody’s and Standard & Poor's. The Banking & Finance, Capital Markets Practice team of EPAM acted as legal advisor to Absolut Bank providing full legal support on a transaction which is unique for the Russian financial market.
On December 08, 2014, Khanty-Mansi Bank Otkrytie PJSC announced that it had successfully closed a second deal on the securitization of the mortgage portfolio supported by the EPAM’ Banking and Finance, Capital Markets team.
Associates of Moscow and St. Petersburg offices of EPAM provided legal support for Lenta’s acquisition of the company holding three Bimart hypermarkets in Vladimir and Ivanovo.
On 27 November 2014 a business discussion was held at the Firm’s St. Petersburg office regarding recent amendments to the law on valuation and their impact on how the cadastral value of real estate can be challenged. The speakers were associates at the Firm.
CTC Media, Inc. (CTC Media, or the Company) (NASDAQ: CTCM), a leading independent Russian media company, appointed EPAM to advise on potential responses to the recent amendments to the Russian law “On Mass Media,” which will impose further restrictions on foreign ownership of media businesses in Russia.
In 2012, an international criminal gang stole over $2 million from a US financial organisation. The money stolen was pulled through a chain of intermediary banks down to a local Krasnodar bank in Russia for further cashing out.
Olga Mischenko has been appointed as Head of Construction and PPP Practice at St. Petersburg office of EPAM.
On October 22, 2014, URALSIB OJSC announced it had successfully closed a second deal on securitization of the mortgage portfolio supported by the EPAM’ Banking & Finance and Capital Markets team.
Associates of the banking & finance/capital markets practice provided the legal support for the reorganization procedure of NIKIMT-Atomstroy OJSC in the form of spin-off of Zheleznogorskaya TEC OJSC.
By its decision issued on 29 September 2014 the Vologda Region Arbitrazh Court has fully dismissed the opponent’s claim to invalidate the Russian utility model patent held by ZAO Ultracraft. The utility model refers to the innovative technology for ultrasonic testing of steel structures used for high-tech equipment supplied by the client to Germany, Japan, etc.
On 10 October, 2014 Formula 1 Russian Grand Prix - the highest class of single-seat auto racing - will start at Sochi Autodrom. EPAM has provided legal support on a number of issues related to the championship preparation.
By proving the accuracy of information distributed by the Client, EPAM has defended the interests of Cortem-Goreltex, a major Russian manufacturer of explosion-proof equipment, in a dispute regarding the protection of business honour, integrity, and reputation.