LONDON – LAWFUEL – UK Legal News – Allen & Overy LLP is pleased to announce the appointment of Tony Humphrey as Managing Partner of its Moscow office, leading the development of our Russian practice across the Allen & Overy global network.
Allen & Overy Senior Partner Guy Beringer commented: “In appointing someone of Tony’s calibre to lead our Russian practice we are showing our continued commitment to one of the most important developing markets across the globe. His years of experience in finance, projects and M&A work means he is perfectly suited to help our clients exploit the many opportunities presented by the pace of development in the Russian and CIS markets.”
Tony Humphrey commented: “This is a fantastically exciting opportunity in what is an extremely important market for Allen & Overy. I look forward to helping further develop the potential that Peter and his team have already realised and working closely with our clients to meet the growing demand for Russian expertise and experience, domestically and internationally.”
The appointment follows the planned return of Peter Timchur to Allen & Overy’s London Office after six years as Managing Partner in Moscow. Peter has been instrumental in developing a top ranked practice in Russia’s biggest markets – oil, energy and natural resources. Peter and his team have also helped Allen & Overy achieve recognition as the leading finance practice in the country.
Guy Beringer added: “The work that Peter and his team have done over the past six years puts us in the enviable position of being at the forefront of a rapidly evolving legal market in Russia. His experience will be immensely beneficial to the Banking Department upon his return.”
Tony’s appointment will take effect from early 2007 and Peter will be returning to London in July 2007.
For further information please contact Campbell McIlroy, [email protected], on +44 20 7330 2783
Tony Humphrey has been a partner at Allen & Overy since 1981.
During his career Tony has been a central figure in the development of a number of practice areas at Allen & Overy including leveraged and project finance, as well as being at the forefront of developments in the legal market.
He has a broad range of legal experience including M&A, capital markets, corporate restructurings and banking. Tony also has very considerable experience in emerging markets, particularly the Middle East and Central and Eastern Europe.
Tony’s recent experience includes:
· Part of the team advising Severstal on its proposed EUR46 billion merger with Arcelor;
· numerous Middle Eastern transactions including advising the commercial bank arrangers and JBIC on the Taweelah B IWPP in Abu Dubai;
· road and infrastructure projects in a number of jurisdictions including Portugal, Croatia, Poland and Serbia;
· a number of acquisition financings, both leveraged and investment grade, including in the energy sector and involving complex structures such as second lien financing;
· the demerger of LMS Group PLC’s investment business into Leo Capital; and
· and various tax-based structured financings for major international financial institutions.
Peter is the current Managing Partner of Allen & Overy’s Moscow office. He has extensive banking and finance experience with a particular emphasis on project finance work. He has been involved in international financings covering a broad range of industry sectors with a particular strength in the oil and gas and infrastructure sectors. He has acted for borrowers, sponsors and lenders alike and has acted in a large number of transactions involving multilateral institutions.
Peter’s experience includes:
· Advising the arrangers on the USD13 billion financing of Gazprom’s acquisition of Sibneft;
· The project financing for Brunswick Rail which was the first real infrastructure deal and one of the few real limited recourse project financings in Russia;
· Acquired 11 breweries in seven different transactions for Heineken;
· Acting for the lenders on numerous financings totalling more than USD6bn to Rosneft, including two USD2bn dollar deals; and
· Acted for Lukoil on its precedent setting USD765m financing by ABN AMRO Bank and Citigroup.
Moscow Office: Allen & Overy Legal Services provides a comprehensive legal service to clients wishing to do business in the Russian Federation, combining international experience with local expertise.
Allen & Overy has nearly 40 years experience advising on transactions concerning the former Soviet Union and has been particularly active in Russia and the CIS since 1991, opening its Moscow office in 1993.
We advise on all aspects of English, Russian and New York law including banking and finance, corporate law and international capital markets. Within these main areas of our practice there are specialists who focus on specific sectors and legal areas such as financial institutions, communication, media and technology, projects and global loans, energy and utilities, employment, real estate, administrative and environmental law, restructuring and insolvency.
The Moscow office advises international banks, financial institutions and companies, as well as many leading Russian companies, banks and financial institutions on all aspects of English, Russian and New York law. Examples of recent experience includes advising:
· ABN AMRO Bank, Dresdner Kleinwort Wasserstein, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley on the USD13bn syndicated facility for Gazprom, the largest ever syndicated loan for a Russian company and thought to be the largest loan ever arranged for an emerging markets corporate;
· Severstal on its proposed EUR46 billion merger with Arcelor;
· ABN AMRO Bank and Barclays Capital on a USD2bn syndicated facility for Rosneft;
· The arrangers in connection with the first public securitisation of Russian mortgage certificates by CityMortgage MBS Finance B.V., the first 144A Russian RMBS deal and the first securitization of mortgages originated by a private Russian bank;
· Heineken on the acquisition of the Stepan Razin, Baikalskaya and Ivan Taranov breweries;
· RUSIA Petroleum in connection with the development of the Kovykta gas condensate field, regional gasification project and the cross-border pipeline project which will traverse Russia, China and Korea;
· LUKoil on a USD675m pre export finance facility arranged by ABN AMRO Bank and Citigroup, which was named “Best Russian Loan” by Euroweek, “CEE Loan of the Year” by Euromoney, and “EMEA Emerging Market Loan of the Year” by IFR;
· LUKoil Overseas Holding on the financing of its share of the project costs in the Shah Deniz Gas Field and the South Caucasus Gas Pipeline which will connect Azerbaijan, Georgia and Turkey
· In relation to the USD750m Azeri Chirag Gyunashli Oilfield development project in Azerbaijan